Common use of Shares Issued on Exercise of Option Clause in Contracts

Shares Issued on Exercise of Option. It is the intention of Saia that on any exercise of this option it will transfer to Optionee shares of its authorized but unissued stock or transfer treasury shares, or utilize any combination of treasury shares and authorized but unissued shares, to satisfy its obligations to deliver shares on any exercise hereof.

Shares Issued on Exercise of Option. It is the intention of Saia that on any exercise of this option it will transfer to Optionee shares of its authorized but unissued stock or transfer treasury shares, or utilize any combination of treasury 603122288 5 shares and authorized but unissued shares, to satisfy its obligations to deliver shares on any exercise hereof.

Shares Issued on Exercise of Option. It is the intention of Saia that on any exercise of this option it will transfer to Optionee shares of its authorized but unissued stock or transfer treasury shares, or utilize any combination of treasury shares and authorized but unissued shares, to satisfy its obligations to deliver shares on any exercise hereof.its

Shares Issued on Exercise of Option. It is the intention of Saia that on any exercise of this option it will transfer to Optionee shares of its authorized but unissued stock or 601508814 3 transfer treasury shares, or utilize any combination of treasury shares and authorized but unissued shares, to satisfy its obligations to deliver shares on any exercise hereof.