Common use of Stock to be Delivered Clause in Contracts

Stock to be Delivered. Stock to be delivered upon exercise of this Option may constitute an original issue of authorized but unissued stock or may consist of previously issued stock acquired by the Company as determined from time to time by the Board of Directors. The Board of Directors and the proper officers of the Company will take any appropriate action required for such delivery.

Appears in 2 contracts

Samples: Consulting Agreement (Cytotherapeutics Inc/De), Performance Based Incentive Option Agreement (Cytotherapeutics Inc/De)

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Stock to be Delivered. Stock to be delivered upon exercise of this Option may constitute an original issue of authorized but unissued stock or may consist of previously issued stock acquired by the Company as determined from time to time by the Board of Directors. The Board of Directors and the proper officers of the Company will take any appropriate action required for such delivery.the

Appears in 2 contracts

Samples: Employment Agreement (Cytotherapeutics Inc/De), Employment Agreement (Cytotherapeutics Inc/De)

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