(i) Employee means any person, including officers and directors, employed by the Company, with the status of employment determined based upon such minimum number of hours or periods worked as determined by the Board in its discretion, subject to any requirements of the Code. The payment by the Company of a directors fee to a director will not be sufficient to constitute employment of the director by the Company.
(j) Exercise Price means the purchase price per Share, payable upon exercise of the Option, as determined by the Board as of the Date of Grant.
(k) Fair Market Value means, as of any date, the fair market value of Common Stock determined, in the absence of an established market for the Common Stock, by the Board in good faith on such basis as it deems appropriate.
(l) Incentive Stock Option means the whole or any part of an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code, as designated in the applicable written option agreement.
(m) Nonstatutory Stock Option means the whole or part of an Option not intended to qualify, or which does not qualify, as an Incentive Stock Option, as designated in the applicable written option agreement.
(n) Option means a stock option granted pursuant to the Plan.
(o) Optioned Stock means the Common Stock subject to an Option.
(p) Participant means an Employee or Consultant who is chosen to participate in the Plan and who is granted an Option or extended a Stock Purchase Offer.
(q) Parent means a parent corporation (as defined in Section 424(e) of the Code, or any successor provision) whether now or hereafter existing.
(r) Plan means this Alpha Teknova, Inc. 2016 Stock Plan.
(s) Restricted Stock means Shares purchased pursuant to Section 9 hereof.
(t) Share means a share of the Common Stock, as adjusted in accordance with Section 10 hereof.
(u) Stock Purchase Offer means an offer by the Company to sell Common Stock pursuant to Section 9 hereof.
(v) Subsidiary means a subsidiary corporation (as defined in Section 424(t) of the Code, or any successor provision) of Company whether now or hereafter existing.
3. Stock Subject to the Plan. Subject to the provisions of Section 10 hereof, the maximum aggregate number of Shares that may be optioned and sold under the Plan is 3,000,000 shares of Common Stock. The Shares may be authorized, but unissued, or reacquired Common Stock. If an Option should expire or become unexercisable for any reason without having been exercised in full, the unpurchased Shares will become available for future grant under the Plan, unless the Plan has been terminated.