Common use of LIABILITY OF CORPORATION Clause in Contracts

LIABILITY OF CORPORATION. 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 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 in accordance with the provisions of Article IV, Section 3, of the Plan.

Appears in 13 contracts

Samples: Stock Option Agreement (Actionpoint Inc), Stock Purchase Agreement Agreement (Rhythms Net Connections Inc), Employment Agreement (Combichem Inc)

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LIABILITY OF CORPORATION. A. (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 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 obtained in accordance with the provisions of Article IV, Section 3, XIII(e) of the Plan.

Appears in 2 contracts

Samples: Stock Option Agreement (Insurance Auto Auctions Inc /Ca), Insurance Auto Auctions Inc /Ca

LIABILITY OF CORPORATION. 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 obtained in accordance with the provisions of Article IVFour, Section 3, III of the Plan.

Appears in 2 contracts

Samples: Insite Vision Inc, Insite Vision Inc

LIABILITY OF CORPORATION. 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 obtained in accordance with the provisions of Article IV, Section 3, of the Plan.shares

Appears in 1 contract

Samples: Insite Vision Inc

LIABILITY OF CORPORATION. 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 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 in accordance with the provisions of Article IVI, Section 36, of the Plan.

Appears in 1 contract

Samples: Collateral Therapeutics Inc

LIABILITY OF CORPORATION. A. (a) If the Option Shares covered by this Agreement exceed, as of the Grant Date, the number of shares of Common Stock which that may without shareholder approval be issued under the Plan2005 Plan without shareholder approval, 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 2005 Plan is obtained in accordance with the applicable provisions of Article IV, Section 3, of the 2005 Plan.

Appears in 1 contract

Samples: Stock Option Agreement (CHINA MOBILITY SOLUTIONS, INC. (Formerly Xin Net Corp.))

LIABILITY OF CORPORATION. A. 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 obtained in accordance with the provisions of Section II of Article IV, Section 3, Five of the Plan.

Appears in 1 contract

Samples: Sunstone Hotel Investors Inc

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LIABILITY OF CORPORATION. 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 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 in accordance with the provisions of Article IV, Section 3, 3 of the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Tellabs Inc)

LIABILITY OF CORPORATION. A. (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 obtained in accordance with the provisions of Section II of Article IV, Section 3, Four of the Plan.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Gene Logic Inc)

LIABILITY OF CORPORATION. A. (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 obtained in accordance with the provisions of Article IV, Section 3, XIII of the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Corvel Corp)

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