Common use of Conditions to Issuance of Stock Clause in Contracts

Conditions to Issuance of Stock. Certificates -------------------------------------------- The shares of stock deliverable upon the exercise of the Option, or any portion thereof, may be either previously authorized but unissued shares or issued shares which have then been reacquired by the Company. Such shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any certificate or certificates for shares of stock purchased upon the exercise of the Option or portion thereof prior to fulfillment of all of the following conditions:

Appears in 9 contracts

Samples: Non Qualified Stock Option Agreement (Intellisys Group Inc), Non Qualified Stock Option Agreement (Intellisys Group Inc), Non Qualified Stock Option Agreement (Intellisys Group Inc)

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Conditions to Issuance of Stock. Certificates ----------- -------------------------------------------- The shares of stock deliverable upon the exercise of the Option, or any portion thereof, may be either previously authorized but unissued shares or issued shares which have then been reacquired repurchased by the Company. Such shares shall be fully paid and nonassessablenon-assessable. The Company shall not be required to issue or deliver any certificate or certificates for shares of stock purchased upon the exercise of the Option or portion thereof prior to fulfillment of all of the following conditions:

Appears in 9 contracts

Samples: Nonqualified Stock Option Agreement (Morrison Knudsen Corp//), Stock Option Plan (Morrison Knudsen Corp//), Nonqualified Stock Option Agreement (Morrison Knudsen Corp//)

Conditions to Issuance of Stock. Certificates ------------ -------------------------------------------- The shares of stock deliverable upon the exercise of the Option, or any portion thereof, may be either previously authorized but unissued shares or issued shares which have then been reacquired by the Company. Such shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any certificate or certificates for shares of stock purchased upon the exercise of the Option or portion thereof prior to fulfillment of all of the following conditions:

Appears in 5 contracts

Samples: Stock Option Agreement (Varco International Inc /De/), Non Qualified Stock Option Agreement (Libbey Inc), Non Qualified Stock Option Agreement (Fresh Enterprises Inc)

Conditions to Issuance of Stock. Certificates ----------- -------------------------------------------- The shares of stock deliverable upon the exercise of the Option, or any portion thereof, may be either previously authorized but unissued shares or issued shares which have then been reacquired by the Company. Such shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any certificate or certificates for shares of stock purchased upon the exercise of the Option or portion thereof prior to fulfillment of all of the following conditions:

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Red Lion Hotels Inc), Employment Agreement (Fresh Enterprises Inc), Incentive Stock Option Agreement (Rental Service Corp)

Conditions to Issuance of Stock. Certificates ---- -------------------------------------------- The shares of stock deliverable upon the exercise of the Option, or any portion thereof, may be either previously authorized but unissued shares or issued shares which have then been reacquired by the Company. Such shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any certificate or certificates for shares of stock purchased upon the exercise of the Option or portion thereof prior to fulfillment of all of the following conditions:

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Comps Com Inc), Non Qualified Stock Option Agreement (Comps Com Inc)

Conditions to Issuance of Stock. Certificates ----------- -------------------------------------------- The shares Shares of stock deliverable upon the exercise of the Option, or any portion thereof, Restricted Stock may be either previously authorized but unissued shares or issued shares which have then been reacquired by the Company. Such shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any certificate or certificates for shares of stock purchased upon the exercise of the Option or portion thereof pursuant to this Agreement prior to fulfillment of all of the following conditions:

Appears in 2 contracts

Samples: Restricted Stock Agreement for Employees (Assisted Living Concepts Inc), Restricted Stock Agreement for Employees (Assisted Living Concepts Inc)

Conditions to Issuance of Stock. Certificates ----------- -------------------------------------------- The shares of stock deliverable upon the exercise of the Option, or any portion thereof, may be either previously authorized but unissued shares or issued shares which have then been reacquired by the Company. Such shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any certificate or certificates for shares of stock purchased upon the exercise of the Option or portion thereof prior thereofprior to fulfillment of all of the following conditions:

Appears in 1 contract

Samples: Exhibit 6 (Bershad Stephen W)

Conditions to Issuance of Stock. Certificates -------------------------------------------- ------------ ------------------------------------------------- The shares of stock deliverable upon the exercise of the an Option, or any portion thereof, may be either previously authorized but unissued shares or issued shares which have then been reacquired by the Company. Such shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any certificate or certificates for shares of stock purchased upon the exercise of the an Option or portion thereof prior to fulfillment of all of the following conditions:

Appears in 1 contract

Samples: S Agreement (Borden Chemical Inc)

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Conditions to Issuance of Stock. Certificates -------------------------------------------- CERTIFICATES ---------------------------------------------------------- The shares of stock deliverable upon the exercise of the Option, or any portion thereof, may be either previously authorized but unissued shares or issued shares which have then been reacquired by the Company. Such shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any certificate or certificates for shares of stock purchased upon the exercise of the Option or portion thereof prior to fulfillment of all of the following conditions:

Appears in 1 contract

Samples: Director Stock Option Agreement (Calmat Co)

Conditions to Issuance of Stock. Certificates -------------------------------------------- The shares of stock deliverable upon pursuant to the exercise of the OptionAward, or any portion thereof, may be either previously authorized but unissued shares or issued shares which have then been reacquired by the Company. Such shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any certificate or certificates for shares of stock purchased upon pursuant to the exercise of the Option Award or portion thereof prior to fulfillment of all of the following conditions:

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Cavanaughs Hospitality Corp)

Conditions to Issuance of Stock. Certificates -------------------------------------------- The shares of stock deliverable upon the exercise of the an Option, or any portion thereof, may be either previously authorized but unissued shares or issued shares which have then been reacquired by the Company. Such shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any certificate or certificates for shares of stock purchased upon the exercise of the an Option or portion thereof prior to fulfillment of all of the following conditions:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Merit Behavioral Care Corp)

Conditions to Issuance of Stock. Certificates -------------------------------------------- ---------------------------------------------------------- The shares of stock deliverable upon the exercise of the an Option, or any portion thereof, may be either previously authorized but unissued shares or issued shares which have then been reacquired by the Company. Such shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any certificate or certificates for shares of stock purchased upon the exercise of the an Option or portion thereof prior to fulfillment of all of the following conditions:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Kindercare Learning Centers Inc /De)

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