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.
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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 7,353,411 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 2032 Fiscal Year, in each case, in an amount equal to the lesser of (i) 1% of the total number of shares of Capital Common Stock outstanding on December 31st the last day of the preceding calendar year, month prior to the date of such automatic increase (calculated on a fully-diluted and as-converted basis), and (ii) 300,000 7,353,411 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) 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.
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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 1,500,000 shares of Common
Stock, plus Stock. For the
avoidance of doubt, up to the maximum number of shares of Common Stock
that are automatically added on January 1st reserved under this Section 3(a) may be used to satisfy purchases of
each year for a period Common Stock under the 423 Component and any rema...ining portion 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 such maximum 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 be used 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 satisfy purchases of Common Stock than would otherwise occur pursuant to under the preceding sentence. 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. 2 (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.
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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, years commencing on
the first January
1 following the IPO Date 1, 2022 and ending on (and including) January 1,
2024, 2031, in an amount equal
... to the lesser of (i) 1% of the total number of shares of Capital Common Stock outstanding on December 31st of the preceding calendar year, and (ii) 300,000 2 [_________] 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. 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.
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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 3,213,034 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 Date 2022 Fiscal Year and ending on (and including)
... January 1, 2024, the first day of the 2032 Fiscal Year, in an amount equal to the lesser of (i) 1% one-half percent (0.5%) of the total number of shares of Capital Common Stock outstanding on December 31st the last day of the preceding calendar year, and (ii) 300,000 shares month prior to the date of Common Stock. such automatic increase. 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.
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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 1,000,000 shares of Common Stock, plus the number of shares of Common Stock that are automatically added on
January April 1st of each
fiscal year
of the Company for a period of up to ten years, commencing on the first
January April 1 following the IPO Date and ending on (and including)
January April 1, 2024,
...in an amount equal to the lesser of (i) 500,000 shares and (ii) 1% of the total number of shares of Capital Stock outstanding on December March 31st of the preceding calendar year, and (ii) 300,000 shares of Common Stock. fiscal year. Notwithstanding the foregoing, the Board may act prior to the first day of any calendar the Company's fiscal year to provide that there will be no January April 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.
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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 [897,187]/[717,750] shares of Common Stock, plus the number of shares of Common Stock that are automatically added on
January March 1st of each year for a period of up to ten years, commencing on
the first January 1 following the IPO Date March 1, 2021 and ending on (and including)
January March 1,
2024, 2030..., in an amount equal to the lesser of (i) 1% of the total number of shares of Capital Common Stock outstanding on December 31st the last day of February of the preceding calendar fiscal year, and (ii) 300,000 [2,242,969]/[1,794,375] shares of Common Stock. Notwithstanding the foregoing, the Board may act prior to the first day March 1 of any calendar year to provide that there will be no January March 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. 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. 2 (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.
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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 2% of
Common Stock, the fully diluted capitalization of the Company on the Effective Date, 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 follo...wing the IPO Date 2021 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% of the total number of shares of Capital Common Stock outstanding on December 31st the last day of the preceding calendar year, and (ii) 300,000 shares month prior to the date of Common Stock. such automatic increase. 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.
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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 7,317,655 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.
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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
year in which the IPO Date
occurs and ending on (and including) January 1,
2024, 2030, in an a
...mount equal to the lesser of (i) 1% [_]% of the total number of shares of Capital Common 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. 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. 2 (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.
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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 2,785,582 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 2030 Fiscal Year, in an amount equal to the lesser of (i) 1% one percent (1%) of 2 the total number of shares of Capital Common Stock outstanding on December 31st the last day of the preceding calendar year, month prior to the date of such automatic increase, and (ii) 300,000 such number of shares of Common Stock. Stock as determined by the Board; provided that the maximum number of shares of Common Stock reserved under the Plan shall not exceed 55,711,638. 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) 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.
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