Common use of Stock to be Issued Clause in Contracts

Stock to be Issued. Shares to be issued on the exercise of the Option may, at the election of the Company, be either authorized and unissued shares or shares previously issued and reacquired by the Company.

Stock to be Issued. Shares to be issued on the exercise of the Option may, at the election of the Company, be either authorized and unissued shares or shares previously issued and reacquired re-acquired by the Company.