Restriction on Issuance of Shares. The Company shall not be obligated to sell or issue any shares pursuant to the Option unless the shares with respect to which the Option is being exercised are at that time effectively registered or exempt from registration under the Securities Act of 1933, as amended.
Appears in 6 contracts
Samples: American Science And (American Science & Engineering, Inc.), Employment Agreement (American Science & Engineering Inc), Employment Agreement (American Science & Engineering Inc)
Restriction on Issuance of Shares. The Company shall not be obligated to sell or issue any shares pursuant to the Option unless the shares with respect to which the Option is being exercised are at that time effectively registered or exempt from registration under the Securities Act of 1933, as amended.
Appears in 1 contract
Samples: Employment Agreement (American Science & Engineering Inc)
Restriction on Issuance of Shares. The Company Corporation shall not be obligated to sell or issue any shares pursuant to the Option unless the shares with respect to which the Option is being exercised are at that time effectively registered or exempt from registration under the Securities Act of 1933, as amended.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Neiman Marcus Group Inc)
