Limitation. (a) Incentive Stock Option Limit. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the Optionee during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds $100,000, such Options shall be treated as
... Nonstatutory Stock Options. For purposes of this Section 6(a), Incentive Stock Options shall be taken into account in the order in which they were granted. The Fair Market Value of the Shares shall be determined as of the time the Option with respect to such Shares is granted. (b) At-Will Employment. Neither the Plan nor any Option shall confer upon any Optionee any right with respect to continuing the Optionee's relationship as a Service Provider with the Company, nor shall it interfere in any way with his or her right or the Company's right to terminate such relationship at any time, with or without cause, and with or without notice.
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Limitation. (a)
Incentive Stock Option Limit. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designation,
if a single Employee becomes eligible in any given year to
the extent that the aggregate exercise Incentive Stock Options for Shares having a Fair Market Value
in excess of
$100,000, those Options representing the
Shares with respect to which Incentive Stock Options are exercisable for the first ti...me by the Optionee during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds $100,000, such Options excess shall be treated as Nonstatutory Stock Options. In the previous sentence, "Incentive Stock Options" include Incentive Stock Options granted under any plan of the Company or any Affiliate. For purposes the purpose of this Section 6(a), deciding which Options apply to Shares that "exceed" the $100,000 limit, Incentive Stock Options shall be taken into account in the same order in which they were as granted. The Fair Market Value of the Shares shall be determined as of the time the Option with respect to such Shares is granted. (b) At-Will Employment. Neither the Plan nor any Option Award nor any agreement entered into pursuant to the Plan shall confer upon any Optionee a Participant any right with respect to continuing the Optionee's grantee's relationship as a Service Provider with the Company, Company or any Affiliate, nor shall it they interfere in any way with his or her the Participant's right or the Company's right of the Company or any Affiliate to terminate such relationship at any time, with or without cause, and with or without notice. cause. -4- 7. Term of the Plan. The Plan shall become effective upon its adoption by the Board, which is ______, 2020. Subject to Section 18 of the Plan, the Plan shall terminate when all Shares reserved for issuance have been issued.
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Limitation. (a)
Incentive Stock Option Limit. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the Optionee during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds $100,000, such Options shall be treated as
... Nonstatutory Stock Options. For purposes of this Section 6(a), Incentive Stock Options shall be taken into account in the order in which they were granted. The Fair Market Value of the Shares shall be determined as of the time the Option with respect to such Shares is granted. (b) At-Will Employment. Neither the Plan nor any Award or Option shall confer upon any an Awardee or Optionee any right with respect to continuing the Optionee's that individual's relationship as a Service Provider with the Company, nor shall it they interfere in any way with his the Awardee's or her Optionee's right or the Company's right to terminate such relationship at any time, with or without cause, cause. (c) The following limitations shall apply to grants of Awards and Options:(i) No Service Provider shall be granted, in any fiscal year of the Company, Options and Awards covering more than 1,200,000 Shares. (ii) In connection with his or without notice. her initial service, a Service Provider may be granted Options and Awards covering an additional 1,800,000 Shares, which shall not count against the limit set forth in subsection (i) above. (iii) The foregoing limitations shall be adjusted proportionately in connection with any change in the Company's capitalization as described in Section 14. (iv) If an Award or Option is cancelled in the same fiscal year of the Company in which it was granted (other than in connection with a transaction described in Section 14), the cancelled Option or Award will be counted against the limits set forth in subsections (i) and (ii) above. (d) Notwithstanding any other provision in the Plan or in any policy of the Company regarding compensation payable to a non-employee Director, the aggregate grant date fair value (determined as of the grant date in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, or any successor thereto) of all Options and Awards payable in Common Stock that may be granted under the Plan to an individual as compensation for services as a non-employee Director during any calendar year, shall not exceed $750,000.
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Limitation. (a)
Incentive Stock Option Limit. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the Optionee during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds $100,000, such Options shall be treated as
... Nonstatutory Stock Options. For purposes of this Section 6(a), Incentive Stock Options shall be taken into account in the order in which they were granted. The Fair Market Value of the Shares shall be determined as of the time the Option with respect to such Shares is granted. (b) At-Will Employment. Neither the Plan nor any Option Award shall confer upon any Optionee a Holder any right with respect to continuing the Optionee's Holder's relationship as a Service Provider with the Company, nor shall it they interfere in any way with his or her the Holder's right or the Company's right to terminate such relationship at any time, with or without cause, cause. (c) The following limitations shall apply to grants of Options: (i) The maximum number of Shares that may be issued pursuant to the exercise of Incentive Stock Options is 1,400,000. (ii) No Service Provider shall be granted, in any fiscal year of the Company, Options to purchase more than 200,000 Shares. (iii) In connection with his or her initial service, a Service Provider may be granted Options to purchase up to an additional 100,000 Shares which shall not count against the limit set forth in subsection (ii) above. (iv) The foregoing limitations shall be adjusted proportionately in connection with any change in the Company's capitalization as described in Section 13. (v) If an Option is cancelled in the same fiscal year of the Company in which it was granted (other than in connection with a transaction described in Section 13), the cancelled Option will be counted against the limits set forth in subsections (ii) and (iii) above. For this purpose, if the exercise price of an Option is reduced, the transaction will be treated as a cancellation of the Option and the grant of a new Option. (d) The maximum number of Shares with respect to which an Award or without notice. Awards may be granted to any Holder in any one taxable year of the Company shall not exceed 400,000 Shares (increased proportionately, in the event of any stock split or stock dividend with respect to the Shares).
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Limitation. (a)
Incentive Stock Option Limit. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the Optionee during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds $100,000, such Options shall be treated as
... Nonstatutory Stock Options. For purposes of this Section 6(a), Incentive Stock Options shall be taken into account in the order in which they were granted. The Fair Market Value of the Shares shall be determined as of the time the Option with respect to such Shares is granted. (b) At-Will Employment. Neither the Plan nor any Option Award shall confer upon any Optionee an Holder any right with respect to continuing the Optionee's Holder's relationship as a Service Provider with the Company, nor shall it they interfere in any way with his or her the Holder's right or the Company's right to terminate such relationship at any time, with or without cause, cause. (c) The following limitations shall apply to grants of Options: (i) The maximum number of Shares that may be issued pursuant to the exercise of Incentive Stock Options is 1,400,000. (ii) No Service Provider shall be granted, in any fiscal year of the Company, Options to purchase more than 200,000 Shares. (iii) In connection with his or her initial service, a Service Provider may be granted Options to purchase up to an additional 100,000 Shares which shall not count against the limit set forth in subsection (i) above. -7- (iv) The foregoing limitations shall be adjusted proportionately in connection with any change in the Company's capitalization as described in Section 13. (v) If an Option is cancelled in the same fiscal year of the Company in which it was granted (other than in connection with a transaction described in Section 13), the cancelled Option will be counted against the limits set forth in subsections (ii) and (iii) above. For this purpose, if the exercise price of an Option is reduced, the transaction will be treated as a cancellation of the Option and the grant of a new Option. (d) The maximum number of Shares with respect to which an Award or without notice. Awards may be granted to any Holder in any one taxable year of the Company shall not exceed 400,000 Shares (increased proportionately, in the event of any stock split or stock dividend with respect to the Shares).
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Limitation. (a)
Incentive Stock Option Limit. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designation,
if a single Employee becomes eligible in any given year to
the extent that the aggregate exercise Incentive Stock Options for Shares having a Fair Market Value
in excess of
$100,000, those Options representing the
Shares with respect to which Incentive Stock Options are exercisable for the first ti...me by the Optionee during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds $100,000, such Options excess shall be treated as Nonstatutory Stock Options. In the previous sentence, "Incentive Stock Options" include Incentive Stock Options granted under any plan of the Company or any Parent or any Subsidiary. For purposes the purpose of this Section 6(a), deciding which Options apply to Shares that "exceed" the $100,000 limit, Incentive Stock Options shall be taken into account in the same order in which they were as granted. The Fair Market Value of the Shares shall be determined as of the time the Option with respect to such Shares is granted. (b) At-Will Employment. Neither the Plan nor any Option Award nor any agreement entered into pursuant to the Plan shall confer upon any Optionee a Participant any right with respect to continuing the Optionee's grantee's relationship as a Service Provider with the Company, nor shall it they interfere in any way with his or her the Participant's right or the Company's right to terminate such relationship at any time, with or without cause, and with or without notice. cause. 6 7. Term of the Plan. Subject to Section 23 of the Plan, the Plan shall become effective upon its adoption by the Board. It shall continue in effect for a term of ten (10) years unless terminated earlier under Section 19 of the Plan.
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Limitation. (a)
Incentive Stock Option Limit. Each Option shall be designated in the
Option Grant Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designation,
if a single Employee becomes eligible in any given year to
the extent that the aggregate exercise Incentive Stock Options for Shares having a Fair Market Value
in excess of
$100,000, those Options representing the
Shares with respect to which Incentive Stock Options are exercisable for the fi...rst time by the Optionee during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds $100,000, such Options excess shall be treated as Nonstatutory Stock Options. In the previous sentence, "Incentive Stock Options" include Incentive Stock Options granted under any plan of the Company or any Parent or any Subsidiary. For purposes the purpose of this Section 6(a), deciding which Options apply to Shares that "exceed" the $100,000 limit, Incentive Stock Options shall be taken into account in the same order in which they were as granted. The Fair Market Value of the Shares shall be determined as of the time the Option with respect to such Shares is granted. 8 (b) At-Will Employment. Neither the Plan nor any Option Award nor any agreement entered into pursuant to the Plan shall confer upon any Optionee a Participant any right with respect to continuing the Optionee's Participant's relationship as a Service Provider with the Company, nor shall it they interfere in any way with his or her the Participant's right or the Company's right to terminate such relationship at any time, with or without cause, and with or without notice. cause.
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Limitation. (a)
Incentive Stock Option Limit. Each Option shall be designated in the
Option Grant Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designation,
if a single Employee becomes eligible in any given year to
the extent that the aggregate exercise Incentive Stock Options for Shares having a Fair Market Value
in excess of
$100,000, those Options representing the
Shares with respect to which Incentive Stock Options are exercisable for the fi...rst time by the Optionee during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds $100,000, such Options excess shall be treated as Nonstatutory Stock Options. In the previous sentence, "Incentive Stock Options" include Incentive Stock Options granted under any plan of the Company or any Parent or any Subsidiary. For purposes the purpose of this Section 6(a), deciding which Options apply to Shares that "exceed" the $100,000 limit, Incentive Stock Options shall be taken into account in the same order in which they were as granted. The Fair Market Value of the Shares shall be determined as of the time the Option with respect to such Shares is granted. (b) At-Will Employment. Neither the Plan nor any Option Award nor any agreement entered into pursuant to the Plan shall confer upon any Optionee a Participant any right with respect to continuing the Optionee's Participant's relationship as a Service Provider with the Company, nor shall it they interfere in any way with his or her the Participant's right or the Company's right to terminate such relationship at any time, with or without cause, and with or without notice. cause.
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Limitation. (a)
Incentive Stock Option Limit. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designation,
if a single Employee becomes eligible in any given year to
the extent that the aggregate exercise Incentive Stock Options for Shares having a Fair Market Value
in excess of
$100,000, those Options representing the
Shares with respect to which Incentive Stock Options are exercisable for the first ti...me by the Optionee during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds $100,000, such Options excess shall be treated as Nonstatutory Stock Options. In the previous sentence, "Incentive Stock Options" include Incentive Stock Options granted under any plan of the Company or any Affiliate. For purposes the purpose of this Section 6(a), deciding which Options apply to Shares that "exceed" the $100,000 limit, Incentive Stock Options shall be taken into account in the same order in which they were as granted. The Fair Market Value of the Shares shall be determined as of the time the Option with respect to such Shares is granted. (b) At-Will Employment. Neither the Plan nor any Option Award nor any agreement entered into pursuant to the Plan shall confer upon any Optionee a Participant any right with respect to continuing the Optionee's grantee's relationship as a Service Provider with the Company, Company or any Affiliate, nor shall it they interfere in any way with his or her the Participant's right or the Company's right of the Company or any Affiliate to terminate such relationship at any time, with or without cause, and with or without notice. cause.
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Limitation. (a)
Incentive Stock Option Limit. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the Optionee during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds $100,000, such Options shall be treated as
... Nonstatutory Stock Options. For purposes of this Section 6(a), Incentive Stock Options shall be taken into account in the order in which they were granted. The Fair Market Value of the Shares shall be determined as of the time the Option with respect to such Shares is granted. (b) At-Will Employment. Neither the Plan nor any Award or Option shall confer upon any an Awardee or Optionee any right with respect to continuing the Optionee's that individual's relationship as a Service Provider with the Company, nor shall it they interfere in any way with his the Awardee's or her Optionee's right or the Company's right to terminate such relationship at any time, with or without cause, cause. (c) The following limitations shall apply to grants of Awards and Options:(i) No Service Provider shall be granted, in any fiscal year of the Company, Options and Awards covering more than 1,200,000 Shares. (ii) In connection with his or without notice. her initial service, a Service Provider may be granted Options and Awards covering an additional 1,800,000 Shares, which shall not count against the limit set forth in subsection (i) above. (iii) The foregoing limitations shall be adjusted proportionately in connection with any change in the Company's capitalization as described in Section 14. (iv) If an Award or Option is cancelled in the same fiscal year of the Company in which it was granted (other than in connection with a transaction described in Section 14), the cancelled Option or Award will be counted against the limits set forth in subsections (i) and (ii) above.
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Limitation. (a)
Incentive Stock Option Limit. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the Optionee during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds $100,000, such Options shall be treated as
... Nonstatutory Stock Options. For purposes of this Section 6(a), Incentive Stock Options shall be taken into account in the order in which they were granted. The Fair Market Value of the Shares shall be determined as of the time the Option with respect to such Shares is granted. (b) At-Will Employment. Neither the Plan nor any Option or Stock Purchase Right shall confer upon any an Optionee any right with respect to continuing the Optionee's relationship as a Service Provider with the Company, nor shall it they interfere in any way with his or her the Optionee's right or the Company's right to terminate such relationship at any time, with or without cause, cause. (c) The following limitations shall apply to grants of Options: (i) No Service Provider shall be granted, in any fiscal year of the Company, Options to purchase more than 2,000,000 Shares. (ii) In connection with his or her initial service, a Service Provider may be granted Options to purchase up to an additional 2,000,000 Shares, which shall not count against the limit set forth in subsection (i) above. (iii) The foregoing limitations shall be adjusted proportionately in connection with any change in the Company's capitalization as described in Section 13. (iv) If an Option is cancelled in the same fiscal year of the Company in which it was granted (other than in connection with a transaction described in Section 13), the cancelled Option will be counted against the limits set forth in subsections (i) and with or without notice. (ii) above. (d) The number of shares granted pursuant to Stock Purchase Rights under the Plan shall not exceed five percent (5%) of the total shares available for issuance under the Plan.
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