Restrictions on Exercise Clause Example from Business Contracts

This example Restrictions on Exercise clause appears in 6 contracts from 3 companies

Restrictions on Exercise. The Option may not be exercised until such time as the Plan has been approved by the stockholders of the Company, 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 Ener-Core, Inc. contract
Movano Inc. Contracts

Form of Stock Option Award Agreement under 2019 Omnibus Incentive Plan (Filed With SEC on February 2, 2021)

Ener-Core, Inc. Contracts

NOTICEOF GRANT OF NON-QUALIFIED STOCK OPTION ENER-CORE,INC. 2015 OMNIBUS INCENTIVE PLAN (Filed With SEC on July 6, 2016)

Option Agreement dated April 14, 2017 between Ener-Core, Inc. and Kent Williams (Filed With SEC on April 19, 2017)

Option Agreement dated May 3, 2017 between Ener-Core, Inc. and James Reiman (Filed With SEC on May 8, 2017)

Cue Biopharma, Inc. Contracts

Form of stock option award under 2016 Omnibus Incentive Plan (Filed With SEC on September 21, 2017)

Form of stock option award under 2016 Non-Employee Equity Incentive Plan (Filed With SEC on September 21, 2017)