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 1,100,000 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 am
...ount 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 2,750,000 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 aggregate number of shares of Common Stock that may be issued under the Plan will not exceed
300,000 one million seven hundred twenty-three thousand eight hundred sixty-eight (1,723,868) 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 1st following the
IPO Ef...fective Date and ending on (and including) January 1, 2024, 2027, 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 four million five hundred thousand (4,500,000) 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 of 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 issuable 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 2,619,543 shares of Common
Stock, Stock (equal to one and one-half percent (1.5%) of the sum of (i) the number of shares of Common Stock outstanding as of the consummation of the transactions contemplated by the Merger Agreement and (ii) the number of shares of Common Stock underlying securities convertible i...nto Common Stock) (the "Initial Share Reserve"), 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% (x) one percent (1.0%) of the total number of shares of Capital Stock outstanding on December 31st of the preceding calendar year, and (ii) 300,000 (y) 5,239,086 shares of Common Stock. Stock (equal to two hundred percent (200%) of the Initial Share Reserve). 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. 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 2,800,000 shares of Common Stock, plus the number of shares of Common Stock that are automatically added on January 1st of each
fiscal year for a period of up to ten years, commencing on
the first January
1 following the IPO Date 1, 2021 and ending on (and including) January 1,
2024, 2030, 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 fiscal year, and (ii) 300,000 2,800,000 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 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 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. 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. (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 2,000,000 shares of Common Stock, plus the number of shares of Common Stock that are automatically added on
January February 1st of each
calendar year for a period of up to ten years, commencing on
the first January 1 following the IPO Date February 1, 2021, and ending on (and including)
January February 1,
2...024, 2030, in an amount equal to the lesser of (i) 1% of the total number of shares of Capital Stock the Company's capital stock outstanding on December January 31st of the preceding calendar fiscal year, and (ii) 300,000 3,000,000 shares of Common Stock. Notwithstanding the foregoing, the Board may act prior to the first day February 1st of any calendar year to provide that there will be no January February 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 2 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
300,000 500,000 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) 300,000 500,000 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 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 3,500,000 shares of Common Stock, plus the number of shares of Common Stock that are automatically added
commencing on
January 1st February 1 of each year for a period of up to ten years, commencing on
February 1 in the
first January 1 calendar year following
the calendar year in which the IPO Date
occurs and
... ending on (and 2 including) January February 1, 2024, 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 year, month prior to the date of such automatic increase, and (ii) 300,000 3,500,000 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. (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% 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. 1 Number of shares will equal 1% of the shares of common stock. 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 1,056,643 shares of Common
Stock, Stock (equal to two percent (2%) of the sum of (i) the number of shares of Common Stock outstanding as of the consummation of the transactions contemplated by the Merger Agreement and (ii) the number of shares of Common Stock underlying securities convertible into Common Stoc...k) (the "Initial Share Reserve"), 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% (x) one percent (1%) of the total number of shares of Capital Stock outstanding on December 31st of the preceding calendar year, and (ii) 300,000 (y) 2,113,286 shares of Common Stock. Stock (equal to two hundred percent (200%) of the Initial Share Reserve). 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 1,173,347 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
... amount 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 3,520,041 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 February 1 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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