Shares of Common Stock Subject to the Plan Clause Example with 149 Variations from Business Contracts
This page contains Shares of Common Stock Subject to the Plan clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Shares of Common Stock Subject to the Plan. (a) Subject to the provisions of Section 11(a) relating to Capitalization Adjustments, the maximum number of shares of Common Stock that may be issued under the Plan will not exceed 300,000 shares of Common Stock, plus the number of shares of Common Stock that are automatically added on January 1st of each year for a period of up to ten years, commencing on the first January 1 following the IPO Date and ending on (and including) January 1, 2024, in an amount equal to the lesser of (i) 1% of the ...total number of shares of Capital Stock outstanding on December 31st of the preceding calendar year, and (ii) 300,000 shares of Common Stock. Notwithstanding the foregoing, the Board may act prior to the first day of any calendar year to provide that there will be no January 1st increase in the share reserve for such calendar year or that the increase in the share reserve for such calendar year will be a lesser number of shares of Common Stock than would otherwise occur pursuant to the preceding sentence. (b) If any Purchase Right granted under the Plan terminates without having been exercised in full, the shares of Common Stock not purchased under such Purchase Right will again become available for issuance under the Plan. (c) The stock purchasable under the Plan will be shares of authorized but unissued or reacquired Common Stock, including shares repurchased by the Company on the open market.View More
Variations of a "Shares of Common Stock Subject to the Plan" Clause from Business Contracts
Shares of Common Stock Subject to the Plan. (a) Subject to the provisions of Section 11(a) relating to Capitalization Adjustments, Adjustments and the maximum following sentence regarding the Evergreen Increase, the initial number of shares of Common Stock that may be issued under the Plan will not exceed 300,000 shares of Common Stock, plus the number of shares shall equal [__________]shares of Common Stock that are (the "Share Reserve"). In addition, the Share Reserve will automatically added increase on January 1st of each year for a p...eriod of up to ten (10) years, commencing on the first January 1 following the IPO Date 1, 2020 and ending on (and including) January 1, 2024, 2029 (each, an "Evergreen Date"), in an amount equal to the lesser of (i) 1% of [__]%of the total number of shares of Capital Stock outstanding on December 31st of immediately preceding the preceding calendar year, applicable Evergreen Date, and (ii) 300,000 [__________] shares of Common Stock. (the "Evergreen Increase"). Notwithstanding the foregoing, the Board may act prior to the first day Evergreen Date of any calendar a given year to provide that there will be no January 1st increase in the share reserve Evergreen Increase for such calendar year or that the increase in the share reserve Evergreen Increase for such calendar year will be a lesser number of shares of Common Stock than would otherwise occur pursuant to the preceding sentence. For the avoidance of doubt, up to the maximum number of shares of Common Stock reserved under this Section 3(a) may be used to satisfy purchases of Common Stock under the 423 Component and any remaining portion of such maximum number of shares may be used to satisfy purchases of Common Stock under the Non-423 Component. (b) If any Purchase Right granted under the Plan terminates without having been exercised in full, the shares of Common Stock not purchased under such Purchase Right will again become available for issuance under the Plan. (c) The stock purchasable under the Plan will be shares of authorized but unissued or reacquired Common Stock, including shares repurchased by the Company on the open market. View More
Shares of Common Stock Subject to the Plan. (a) Number of Shares Available; Automatic Increases. Subject to the provisions of Section 11(a) relating to Capitalization Adjustments, Adjustments and the maximum following sentence regarding the Evergreen Increase, the initial number of shares of Common Stock that may be issued under the Plan will not exceed 300,000 shares of Common Stock, plus the number of shall equal 25,000,000 shares of Common Stock that are (the "Share Reserve"). In addition, the Share Reserve will automatically added inc...rease on January 1st of each year for a period of up to ten (10) years, commencing on the first January 1 following the IPO Date 1, 2020 and ending on (and including) January 1, 2024, 2029 (each, an "Evergreen Date"), in an amount equal to the lesser of (i) 1% 1.0% of the total number of shares of Capital Common Stock outstanding on December 31st of immediately preceding the preceding calendar year, applicable Evergreen Date, and (ii) 300,000 25,000,000 shares of Common Stock. (the "Evergreen Increase"). Notwithstanding the foregoing, the Board may act prior to the first day Evergreen Date of any calendar a given year to provide that there will be no January 1st increase in the share reserve Evergreen Increase for such calendar year or that the increase in the share reserve Evergreen Increase for such calendar year will be a lesser number of shares of Common Stock than would otherwise occur pursuant to the preceding sentence. (b) If any Purchase Right granted under For the Plan terminates without having been exercised in full, avoidance of doubt, up to the maximum number of shares of Common Stock not purchased reserved under such Purchase Right will again become available for issuance this Section 3(a) may be used to satisfy purchases of Common Stock under the Plan. (c) The stock purchasable 423 Component and any remaining portion of such maximum number of shares may be used to satisfy purchases of Common Stock under the Plan will be shares of authorized but unissued or reacquired Common Stock, including shares repurchased by the Company on the open market. Non-423 Component. View More
Shares of Common Stock Subject to the Plan. (a) Subject to the provisions of Section 11(a) relating to Capitalization Adjustments, Adjustments and the maximum following sentence regarding the Evergreen Increase, the initial number of shares of Common Stock that may be issued under the Plan will not exceed 300,000 shares of Common Stock, plus the number of shall equal 3,800,000 shares of Common Stock that are (the "Share Reserve"). In addition, the Share Reserve will automatically added increase on January February 1st of each year for a p...eriod of up to ten (10) years, commencing on the first January 1 following the IPO Date February 1, 2019 and ending on (and including) January February 1, 2024, 2028 (each, an "Evergreen Date"), in an amount equal to the lesser of (i) 1% one percent (1%) of the total number of shares of Capital Stock outstanding on December January 31st of immediately preceding the preceding calendar year, applicable Evergreen Date, 2 and (ii) 300,000 3,800,000 shares of Common Stock. (the "Evergreen Increase"). Notwithstanding the foregoing, the Board may act prior to the first day Evergreen Date of any calendar a given year to provide that there will be no January 1st increase in the share reserve Evergreen Increase for such calendar year or that the increase in the share reserve Evergreen Increase for such calendar year will be a lesser number of shares of Common Stock than would otherwise occur pursuant to the preceding sentence. (b) If any Purchase Right granted under the Plan terminates without having been exercised in full, the shares of Common Stock not purchased under such Purchase Right will again become available for issuance under the Plan. (c) The stock purchasable under the Plan will be shares of authorized but unissued or reacquired Common Stock, including shares repurchased by the Company on the open market. View More
Shares of Common Stock Subject to the Plan. (a) Subject to the provisions of Section 11(a) relating to Capitalization Adjustments, Adjustments and the maximum following sentence regarding the Evergreen Increase, the initial number of shares of Common Stock that may be issued under the Plan will not exceed 300,000 shares of Common Stock, plus the number of shall equal 1,700,0001 shares of Common Stock that are (the "Share Reserve"). In addition, the Share Reserve will automatically added increase on January 1st of each year for a period of... up to ten (10) years, commencing on the first January 1 following the IPO Date 1, 2020 and ending on (and including) January 1, 2024, 2029 (each, an "Evergreen Date"), in an amount equal to the lesser of (i) 1% one percent (1% of the total number of shares of Capital Stock outstanding on December 31st of immediately preceding the preceding calendar year, and (ii) 300,000 applicable Evergreen Date, 1 The initial 1,700,000 shares of Common Stock. Stock that may be issued under the Plan were adjusted to 283,333 pursuant to the 1-for-6 reverse split of the Company's Common Stock, effective June 7, 2019. 2 and (ii) 2,500,0002 shares (the "Evergreen Increase"). Notwithstanding the foregoing, the Board may act prior to the first day Evergreen Date of any calendar a given year to provide that there will be no January 1st increase in the share reserve Evergreen Increase for such calendar year or that the increase in the share reserve Evergreen Increase for such calendar year will be a lesser number of shares of Common Stock than would otherwise occur pursuant to the preceding sentence. For the avoidance of doubt, up to the maximum number of shares of Common Stock reserved under this Section 3(a) may be used to satisfy purchases of Common Stock under the 423 Component and any remaining portion of such maximum number of shares may be used to satisfy purchases of Common Stock under the Non-423 Component. (b) If any Purchase Right granted under the Plan terminates without having been exercised in full, the shares of Common Stock not purchased under such Purchase Right will again become available for issuance under the Plan. (c) The stock purchasable under the Plan will be shares of authorized but unissued or reacquired Common Stock, including shares repurchased by the Company on the open market. View More
Shares of Common Stock Subject to the Plan. (a) Subject to the provisions of Section 11(a) relating to Capitalization Adjustments, Adjustments and the maximum following sentence regarding the Evergreen Increase, the initial number of shares of Common Stock that may be issued under the Plan will not exceed 300,000 shares of Common Stock, plus the number of shall equal 4,000,000 shares of Common Stock that are (the "Share Reserve"). In addition, the Share Reserve will automatically added increase on January 1st of each year for a period of ...up to 2 ten (10) years, commencing on the first January 1 following the IPO Date 1, 2019 and ending on (and including) January 1, 2024, 2028 (each, an "Evergreen Date"), in an amount equal to the lesser of (i) 1% one and one-half percent (1.5%) of the total number of shares of Capital Stock outstanding on December 31st of immediately preceding the preceding calendar year, applicable Evergreen Date, and (ii) 300,000 8,000,000 shares of Common Stock. (the "Evergreen Increase"). Notwithstanding the foregoing, the Board may act prior to the first day Evergreen Date of any calendar a given year to provide that there will be no January 1st increase in the share reserve Evergreen Increase for such calendar year or that the increase in the share reserve Evergreen Increase for such calendar year will be a lesser number of shares of Common Stock than would otherwise occur pursuant to the preceding sentence. For the avoidance of doubt, up to the maximum number of shares of Common Stock reserved under this Section 3(a) may be used to satisfy purchases of Common Stock under the 423 Component and any remaining portion of such maximum number of shares may be used to satisfy purchases of Common Stock under the Non-423 Component. (b) If any Purchase Right granted under the Plan terminates without having been exercised in full, the shares of Common Stock not purchased under such Purchase Right will again become available for issuance under the Plan. (c) The stock purchasable under the Plan will be shares of authorized but unissued or reacquired Common Stock, including shares repurchased by the Company on the open market. View More
Shares of Common Stock Subject to the Plan. (a) Subject to the provisions of Section 11(a) relating to Capitalization Adjustments, Adjustments and the maximum following sentence regarding the Evergreen Increase, the initial number of shares of Common Stock that may be issued under the Plan will not exceed 300,000 shares of Common Stock, plus the number of shall equal 1,280,000 shares of Common Stock that are (the "Share Reserve"). In addition, the Share Reserve will automatically added increase on January 1st of each year for a period of ...up to ten (10) years, commencing on the first January 1 following the IPO Date 1, 2020 and ending on (and including) January 1, 2024, 2029 (each, an "Evergreen Date"), in an amount equal to the lesser of (i) 1% of the total number of shares of Capital Stock outstanding on December 31st of immediately preceding the preceding calendar year, applicable Evergreen Date, and (ii) 300,000 2,700,000 shares of Common Stock. (the "Evergreen Increase"). Notwithstanding the foregoing, the Board may act prior to the first day Evergreen Date of any calendar a given year to provide that there will be no January 1st increase in the share reserve Evergreen Increase for such calendar year or that the increase in the share reserve Evergreen Increase for such calendar year will be a lesser number of shares of Common Stock than would otherwise occur pursuant to the preceding sentence. For the avoidance of doubt, up to the maximum number of shares of Common Stock reserved under this Section 3(a) may be used to satisfy purchases of Common Stock under the 423 Component and any remaining portion of such maximum number of shares may be used to satisfy purchases of Common Stock under the Non-423 Component. (b) If any Purchase Right granted under the Plan terminates without having been exercised in full, the shares of Common Stock not purchased under such Purchase Right will again become available for issuance under the Plan. (c) The stock purchasable under the Plan will be shares of authorized but unissued or reacquired Common Stock, including shares repurchased by the Company on the open market. View More
Shares of Common Stock Subject to the Plan. (a) Subject to the provisions of Section 11(a) relating to Capitalization Adjustments, Adjustments and the maximum following sentence regarding the Evergreen Increase, the initial number of shares of Common Stock that may be issued under the Plan will not exceed 300,000 shares of Common Stock, plus the number of shall equal 1,000,000 shares of Common Stock that are (the "Share Reserve"). In addition, the Share Reserve will automatically added increase on January 1st of each year for a period of ...up to ten (10) years, commencing on the first January 1 following the IPO Date 1, 2020 and ending on (and including) January 1, 2024, 2029 (each, an "Evergreen Date"), in an amount equal to the lesser of (i) 1% 1.0% of the total number of shares of Capital Stock outstanding on December 31st of immediately preceding the preceding calendar year, applicable Evergreen Date, and (ii) 300,000 1,000,000 shares of Common Stock. (the "Evergreen Increase"). Notwithstanding the foregoing, the Board may act prior to the first day Evergreen Date of any calendar a given year to provide that there will be no January 1st increase in the share reserve Evergreen Increase for such calendar year or that the increase in the share reserve Evergreen Increase for such calendar year will be a lesser number of shares of Common Stock than would otherwise occur pursuant to the preceding sentence. For the avoidance of doubt, up to the maximum number of shares of Common Stock reserved under this Section 3(a) may be used to satisfy purchases of Common Stock under the 423 Component and any remaining portion of such maximum number of shares may be used to satisfy purchases of Common Stock under the Non-423 Component. (b) If any Purchase Right granted under the Plan terminates without having been exercised in full, the shares of Common Stock not purchased under such Purchase Right will again become available for issuance under the Plan. (c) The stock purchasable under the Plan will be shares of authorized but unissued or reacquired Common Stock, including shares repurchased by the Company on the open market. View More
Shares of Common Stock Subject to the Plan. (a) Number of Shares Available; Automatic Increases. Subject to the provisions of Section 11(a) relating to Capitalization Adjustments, the maximum number of shares of Common Stock that may be issued under the Plan will not exceed 300,000 1,294,492 shares of Common Stock, plus the number of shares of Common Stock that are automatically added on January 1st the first day of each year for a period of up to ten years, commencing on Fiscal Year beginning with the first January 1 following the IPO Da...te 2022 Fiscal Year and ending on (and including) January 1, 2024, the first day of the 2031 Fiscal Year, in an amount equal to the lesser of (i) 1% one percent (1%) of the total number of shares of Capital Common Stock outstanding on December 31st the last day of the immediately preceding calendar year, Fiscal Year, and (ii) 300,000 1,294,492 shares of Common Stock. Stock.1 Notwithstanding the foregoing, the Board may act prior to the first day of any calendar year Fiscal Year to provide that there will be no January 1st increase in the share reserve for such calendar year Fiscal Year or that the increase in the share reserve for such calendar year Fiscal Year will be a lesser number of shares of Common Stock than would otherwise occur pursuant to the preceding sentence. (b) Share Recycling. If any Purchase Right granted under the Plan terminates without having been exercised in full, the shares of Common Stock not purchased under such Purchase Right will again become available for issuance under the Plan. (c) Source of Shares. The stock purchasable under the Plan will be shares of authorized but unissued or reacquired Common Stock, including shares repurchased by the Company on the open market. View More
Shares of Common Stock Subject to the Plan. (a) Subject to the provisions of Section 11(a) relating to Capitalization Adjustments, the maximum number of shares of Common Stock that may be issued under the Plan will not exceed 300,000 333,333 shares of Common Stock, plus the number of shares of Common Stock that are automatically added on January 1st the first day of each fiscal year for a period of up to ten years, commencing on the first January 1 day of the fiscal year following the IPO Date and ending on (and including) January 1, 2024..., the first day of fiscal 2025, in an amount equal to the lesser of (i) 1% of the total number of shares of Capital Stock outstanding on December 31st the last day of the preceding calendar fiscal year, and (ii) 300,000 333,333 shares of Common Stock. Notwithstanding the foregoing, the Board may act prior to the first day of any calendar fiscal year to provide that there will be no January 1st increase in the share reserve for such calendar fiscal year or that the increase in the share reserve for such calendar fiscal year will be a lesser number of shares of Common Stock than would otherwise occur pursuant to the preceding sentence. (b) If any Purchase Right granted under the Plan terminates without having been exercised in full, the shares of Common Stock not purchased under such Purchase Right will again become available for issuance under the Plan. (c) The stock purchasable under the Plan will be shares of authorized but unissued or reacquired Common Stock, including shares repurchased by the Company on the open market. View More
Shares of Common Stock Subject to the Plan. (a) Number of Shares Available. Subject to the provisions of Section 11(a) relating to Capitalization Adjustments, the maximum number of shares of Common Stock that may be issued under the Plan will not exceed 300,000 shares of Common Stock, plus the number of shares of Common Stock that are automatically added on January 1st of each year for a period of up to ten years, commencing on the first January 1 following the IPO Date and ending on (and including) January 1, 2024, in an amount equal to ...the lesser of (i) 1% of the total number of shares of Capital Stock outstanding on December 31st of the preceding calendar year, and (ii) 300,000 3,715,944 shares of Common Stock. Notwithstanding the foregoing, the Board may act prior to the first day of any calendar year to provide that there will be no January 1st increase in the share reserve for such calendar year or that the increase in the share reserve for such calendar year will be a lesser number of shares of Common Stock than would otherwise occur pursuant to the preceding sentence. (b) Share Recycling. If any Purchase Right granted under the Plan terminates without having been exercised in full, the shares of Common Stock not purchased under such Purchase Right will again become available for issuance under the Plan. (c) Source of Shares. The stock purchasable under the Plan will be shares of authorized but unissued or reacquired Common Stock, including shares repurchased by the Company on the open market. View More
