No Liability of Company Clause Example from Business Contracts

This example No Liability of Company clause appears in 3 contracts from 2 companies

No Liability of Company. The Company and any Affiliate or Subsidiary which is in existence or hereafter comes into existence shall not be liable to the Optionee or any other person as to: (a) the non-issuance or sale of shares of Common Stock as to which the Company has been unable to obtain from any regulatory body having jurisdiction the authority deemed by the Company's counsel to be necessary to the lawful issuance and sale of any shares hereunder; and (b) any tax consequence expected, but not realized, by the Optio...nee or other person due to the receipt, exercise or settlement of any Stock Option granted hereunder. View More Arrow