Restrictions on Exercise Clause Example from Business Contracts

This example Restrictions on Exercise clause appears in 7 contracts from 4 companies

Restrictions on Exercise. The Option may not be exercised until such time as the Plan has been approved by the Stockholders, or if the issuance of the Shares upon exercise or the method of payment of consideration for those Shares would constitute a violation of any applicable law, regulation or Company policy.
Found in Hancock Jaffe Laboratories, Inc. contract
Anika Therapeutics Contracts

Form of Notice of Grant of Incentive Stock Option, including Terms and Conditions of Stock Option, granted under Anika Therapeutics, Inc. 2017 Omnibus Incentive Plan (Filed With SEC on March 5, 2021)

Form of Notice of Grant of Nonqualified Stock Option, including Terms and Conditions of Stock Option, granted under Anika Therapeutics, Inc. 2017 Omnibus Incentive Plan (Filed With SEC on March 5, 2021)

Form of Notice of Grant of Nonqualified Stock Option, including Terms and Conditions of Stock Option, granted under Anika Therapeutics, Inc. 2021 Inducement Plan (Filed With SEC on March 11, 2022)

ENDRA Life Sciences Inc. Contracts

NOTICEOF GRANT OF [INCENTIVE/NON-QUALIFIED] STOCK OPTION ENDRALIFE SCIENCES INC. 2016OMNIBUS INCENTIVE PLAN (Filed With SEC on December 6, 2016)

ACM Research, Inc. Contracts

Form of Incentive Stock Option Grant Notice and Agreement under 2016 Omnibus Incentive Plan (Filed With SEC on September 13, 2017)

Form of Non-qualified Stock Option Grant Notice and Agreement under 2016 Omnibus Incentive Plan (Filed With SEC on September 13, 2017)

Hancock Jaffe Laboratories, Inc. Contracts

Form of Notice of Grant of Stock Option under the 2016 Plan (Filed With SEC on December 14, 2017)