Liability of Company. 12.1 If the Option Shares covered by this Agreement exceed, as of the Grant Date, the number of shares of Common Stock which may without shareholder approval be issued under the Plan, then this option shall be void with respect to such excess shares, unless shareholder approval of an amendment sufficiently increasing the number of shares of Common Stock issuable under the Plan is obtained.
Appears in 2 contracts
Samples: Planet Polymer Technologies Inc, Composite Solutions Inc
Liability of Company. 12.1 (a) If the Option Optioned Shares covered by this Agreement exceed, as of the Grant Date, the number of shares of Common Stock which may without shareholder stockholder approval be issued under the Plan, then this option Option shall be void with respect to such excess shares, shares unless shareholder stockholder approval of an amendment sufficiently increasing the number of shares of Common Stock issuable under the Plan is obtainedobtained in accordance with the provisions of the Plan.
Appears in 2 contracts
Samples: Jeanty Roger O, Jeanty Roger O
Liability of Company. 12.1 (a) If the Option Optioned Shares covered by this Agreement exceed, as of the Grant Date, the number of shares of Common Stock which may without shareholder approval be issued under the Plan, then this option shall be void with respect to such excess shares, shares unless shareholder approval of an amendment sufficiently increasing the number of shares of Common Stock issuable under the Plan is obtainedobtained in accordance with the provisions of Section 18 of the Plan.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Dynamic Associates Inc), Non Statutory Stock Option Agreement (Dynamic Associates Inc)
Liability of Company. 12.1 (a) If the Option Optioned Shares covered by this Agreement exceed, as of the Grant Date, the number of shares of Common Stock which may without shareholder stockholder approval be issued under the Plan, then this option shall be void with respect to such excess shares, shares unless shareholder stockholder approval of an amendment sufficiently increasing the number of shares of Common Stock issuable under the Plan is obtainedobtained in accordance with the provisions of Section 10 of the Plan.
Appears in 2 contracts
Samples: Stock Option Agreement (Laser Power Corp/Fa), Agreement (Laser Power Corp/Fa)
Liability of Company. 12.1 A. If the Option Optioned Shares covered by this Agreement exceed, as of the Grant Date, the number of shares of Common Stock which may without shareholder approval be issued under the Plan, then this option shall be void with respect to such excess shares, shares unless shareholder approval of an amendment sufficiently increasing the number of shares of Common Stock issuable under the Plan is obtainedobtained in accordance with the provisions of the Plan.
Appears in 1 contract
Samples: Biocryst Pharmaceuticals Inc
Liability of Company. 12.1 13.1 If the Option Shares covered by this Agreement exceed, as of the Grant Date, the number of shares of Common Stock which may without shareholder approval be issued under the Plan, then this option Option shall be void with respect to such excess shares, unless shareholder approval of an amendment sufficiently increasing the number of shares of Common Stock issuable under the Plan is obtained.
Appears in 1 contract
Samples: La Jolla Diagnostics Inc
Liability of Company. 12.1 A. If the Option Optioned Shares covered by this Agreement exceed, as of the Grant Date, the number of shares of Common Stock which may without shareholder stockholder approval be issued under the Plan, then this option shall be void with respect to such excess shares, shares unless shareholder stockholder approval of an amendment sufficiently increasing the number of shares of Common Stock issuable under the Plan is obtainedobtained in accordance with the provisions of Section XIII of the Plan.
Appears in 1 contract
Samples: Idec Pharmaceuticals Corp / De
Liability of Company. 12.1 (a) If the Option Shares covered by this Agreement exceed, as of the Grant Date, the number of shares of Common Stock which may without shareholder stockholder approval be issued under the Plan, then this option shall be void with respect to such excess shares, shares unless shareholder stockholder approval of an amendment sufficiently increasing the number of shares of Common Stock issuable under the Plan is obtainedobtained in accordance with the provisions of the Plan.
Appears in 1 contract
