Common use of Limitation on Liability of the Company Clause in Contracts

Limitation on Liability of the Company. (a) If the number of shares of Common Stock covered by this Agreement (individually, or in combination with other Awards granted under the Plan) exceeds, as of the Grant Date, the number of shares of the Company’s Common Stock that may be issued under the Plan without stockholder approval, then this Agreement shall be void with respect to such excess shares unless the Company obtains stockholder approval of an amendment to the Plan increasing the number of shares of Common Stock issuable under the Plan prior to the Vesting Date(s) with respect to such excess shares.

Appears in 5 contracts

Samples: Restricted Stock Units Agreement (Allied Waste Industries Inc), Restricted Stock Units Agreement (Rural/Metro Corp /De/), Rsu Agreement (Allied Waste Industries Inc)

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Limitation on Liability of the Company. (a) If the number of shares of Common Stock Rights covered by this Agreement (individually, or in combination with other Awards granted under the Plan) exceeds, as of the Grant Date, the number of shares of the Company’s Common Stock that may be issued under the Plan without stockholder approval, then this Agreement the Rights shall be void with respect to such excess shares unless the Company obtains stockholder approval of an amendment to the Plan increasing the number of shares of Common Stock issuable under the Plan prior to the Vesting Date(s) exercise of the Rights with respect to such excess shares.

Appears in 2 contracts

Samples: Stock Appreciation Rights Agreement (Rural/Metro Corp /De/), Stock Appreciation Rights Agreement (Rural/Metro Corp /De/)

Limitation on Liability of the Company. (a) If the number of shares of Common Stock Option Shares covered by this Agreement (individually, or in combination with other Awards granted under the Plan) exceeds, as of the Grant Date, the number of shares of the Company’s Common Stock that may be issued under the Plan without stockholder approval, then this Agreement Option shall be void with respect to such excess shares unless the Company obtains stockholder approval of an amendment to the Plan increasing the number of shares of Common Stock issuable under the Plan prior to the Vesting Date(s) exercise of this Option with respect to such excess shares.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Allied Waste Industries Inc)

Limitation on Liability of the Company. (a) If the number of shares of Common Stock Shares covered by this Agreement (individually, or in combination with other Awards granted under the Plan) exceeds, as of the Grant Date, the number of shares of the Company’s Common Stock that may be issued under the Plan without stockholder approval, then this Agreement shall be void with respect to such excess shares Shares unless the Company obtains stockholder approval of an amendment to the Plan increasing the number of shares of Common Stock issuable under the Plan prior to the Vesting Date(s) with respect to such excess sharesShares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Allied Waste Industries Inc)

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Limitation on Liability of the Company. (a) If the number of shares of Common Stock covered by this Agreement (individually, or in combination with other Awards granted under the Plan) exceeds, as of the Grant Date, the number of shares of the Company’s Common Stock that may be issued under the Plan without stockholder approval, then this Agreement shall be void with respect to such excess shares unless the Company obtains stockholder approval of an amendment to the Plan increasing the number of shares of Common Stock issuable under the Plan prior to the Vesting Date(s) Issue Date with respect to such excess shares.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Allied Waste Industries Inc)

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