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) 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 amo
...unt 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) 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
300,000 804,195 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 2020 Fiscal Year and ending on (and including)
J...anuary 1, 2024, the first day of the 2030 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 preceding calendar year, month prior to the date of such automatic increase, and (ii) 300,000 536,130 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.
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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
300,000 268,295 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 2020 Fiscal Year and ending on (and including)
J...anuary 1, 2024, the first day of the 2030 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 preceding calendar year, month prior to the date of such automatic increase, and (ii) 300,000 536,589 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.
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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 1,696,092 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
300,000 275,225 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 2019 Fiscal Year and ending on (and including)
J...anuary 1, 2024, the first day of the 2029 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 preceding calendar year, month prior to the date of such automatic increase, and (ii) 300,000 249,470 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.
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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
300,000 469,339 shares of Common Stock, plus the number of shares
of Common Stock that are automatically added on
January 1st February 1 of each year for a period of up to ten years, commencing on the first
January February 1 following the IPO Date and ending on (and including)
January February 1,
2024, 2023, in an a
...mount equal to the lesser of (i) 1% 2% of the total number of shares of Capital Common Stock outstanding on December 31st of the immediately preceding calendar year, January 31, and (ii) 300,000 1,408,017 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 February 1 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 9,000,000 shares of Common Stock, plus the number of shares of Common Stock that are automatically added on
January February 1st of each
fiscal year for a period of up to ten years, commencing on
the first January 1 following the IPO Date February 1, 2020 and ending on (and including)
January February 1,
2024..., 2029, in an amount equal to the lesser of (i) 1% of the total number of shares of Capital Stock outstanding on December January 31st of the preceding calendar fiscal year, and (ii) 300,000 7,500,000 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 February 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. 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) 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 1, 2022 and ending on (and including) January 1,
2024, 2031, in an amount equal to the l
...esser of (i) 1% one percent (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 2 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
300,000 116,501 shares, which is the sum of (i) 8,905 shares of Common
Stock, Stock that were approved by the Company's stockholders on the Initial Effective Date plus
(ii) 107,596 new shares of Common Stock that were approved by the
Company's stockholders at the Company's 2022 Annual Meeting of Stockholders. In addi...tion, subject to any adjustments as necessary to implement any Capitalization Adjustments, such aggregate number of shares of Common Stock that are will automatically added increase on January 1st of each year for a period of up to ten years, commencing on the first January 1 following the IPO Effective Date and ending on (and including) January 1, 2024, 2029, in an amount equal to the lesser of (i) 1% 1.5% of the total number of shares of Capital Common Stock outstanding on December 31st of the preceding calendar year, and (ii) 300,000 500,000 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. B-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) 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 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 1, 2022 and ending on (and including) January 1,
2024, 2031, 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 31 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. (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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