Shares Subject to Plan Clause Example with 5 Variations from Business Contracts
This page contains Shares Subject to 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 Subject to Plan. (a)Subject to adjustment upon changes in capitalization of the Company as provided in Section 19 hereof, the maximum number of shares of the Company's Common Stock which shall be made available for sale under the Plan shall be 12,263,101 shares. If any right granted under the Plan shall for any reason terminate without having been exercised, the Common Stock not purchased under such right shall again become available for issuance under the Plan. The stock subject to the Plan may be unissued shar...es or reacquired shares, bought on the market or otherwise. (b)With respect to shares of stock subject to an option granted under the Plan, a participant shall not be deemed to be a stockholder of the Company, and the participant shall not have any of the rights or privileges of a stockholder, until such shares have been issued to the participant or his or her nominee following exercise of the participant's option. No adjustments shall be made for dividends (ordinary or extraordinary, whether in cash securities, or other property) or distribution or other rights for which the record date occurs prior to the date of such issuance, except as otherwise expressly provided herein.View More
Variations of a "Shares Subject to Plan" Clause from Business Contracts
Shares Subject to Plan. (a)Subject (a) Subject to adjustment upon changes in capitalization of the Company as provided in Section 19 hereof, the maximum number of shares of the Company's Common Stock which shall be made available for sale under the Plan shall be 12,263,101 1,000,000 shares. In addition to the foregoing, subject to Section 19 hereof, commencing on July 1, 2008 and on the first day of each fiscal year of the Company thereafter during the term of the Plan, the number of shares of the Company's Common Stoc...k which shall be made available for sale under the Plan shall be increased by that number of shares of the Company's Common Stock equal to the least of (i) one percent (1%) of the Company's outstanding shares on such date, (ii) 1,000,000 shares, or (iii) a lesser amount determined by the Board. The Company's fiscal year currently begins on July 1 and ends on June 30 of each year and, accordingly, the number of shares of the Company's Common Stock which shall be available for sale under the Plan shall be subject to automatic increase under the preceding sentence only on July 1, 2008 and on each subsequent July 1 through and including July 1, 2016 (provided that the Company's fiscal year remains the same). If any right granted under the Plan shall for any reason terminate without having been exercised, the Common Stock not purchased under such right shall again become available for issuance under the Plan. The stock subject to the Plan may be unissued shares or reacquired shares, bought on the market or otherwise. (b)With (b) With respect to shares of stock subject to an option granted under the Plan, a participant shall not be deemed to be a stockholder of the Company, and the participant shall not have any of the rights or privileges of a stockholder, until such shares have been issued to the participant or his or her nominee following exercise of the participant's option. No adjustments shall be made for dividends (ordinary or extraordinary, whether in cash securities, or other property) or distribution or other rights for which the record date occurs prior to the date of such issuance, except as otherwise expressly provided herein. View More
Shares Subject to Plan. (a)Subject (a) Subject to adjustment upon changes in capitalization of the Company as provided in Section 19 hereof, the maximum number of shares of the Company's Common Stock which Plan, a maximum of five hundred and fifty thousand (550,000) Shares shall be made available for sale under the Plan shall and no more than maximum of one hundred thousand (100,000) Shares may be 12,263,101 shares. issued on each Exercise Date. If any right option granted under the Plan shall for any reason terminate ...without having been exercised, the Common Stock Shares not purchased under such right option shall again become available for issuance under the Plan. The stock Shares subject to the Plan may be unissued shares or reacquired shares, shares bought on the market or otherwise. (b)With (b) Except as otherwise provided herein, with respect to shares of stock Shares subject to an option granted under the Plan, a participant Participant shall not be deemed to be a stockholder shareholder of the Company, and the participant Participant shall not have any of the rights or privileges of a stockholder, shareholder, until 7 such shares Shares have been issued to the participant Participant or his or her nominee following exercise of the participant's Participant's option. No adjustments shall be made for dividends (ordinary or extraordinary, whether in cash securities, or other property) or distribution distributions or other rights for which the record date occurs prior to the date of such issuance, except as otherwise expressly provided herein. View More
Shares Subject to Plan. (a)Subject 7 (a) Subject to adjustment upon changes in capitalization of the Company as provided in Section 19 hereof, the maximum number of shares of the Company's Common Stock which Plan, a maximum of [ ] ( ) Shares shall be made available for sale under the Plan shall and no more than maximum of [ ] ( ) Shares may be 12,263,101 shares. issued on each Exercise Date. If any right Option granted under the Plan shall for any reason terminate without having been exercised, the Common Stock Shares ...not purchased under such right Option shall again become available for issuance under the Plan. The stock Shares subject to the Plan may be unissued shares or reacquired shares, shares bought on the market or otherwise. (b)With (b) Except as otherwise provided herein, with respect to shares of stock Shares subject to an option Option granted under the Plan, a participant Participant shall not be deemed to be a stockholder of the Company, and the participant Participant shall not have any of the rights or privileges of a stockholder, until such shares Shares have been issued to the participant Participant or his or her nominee following exercise of the participant's option. Participant's Option. No adjustments shall be made for dividends (ordinary or extraordinary, whether in cash securities, or other property) or distribution distributions or other rights for which the record date occurs prior to the date of such issuance, except as otherwise expressly provided herein. View More
Shares Subject to Plan. (a)Subject (a) Subject to adjustment upon changes in capitalization of the Company as provided in Section 19 hereof, the maximum initial number of shares of the Company's Common Stock which shall be made available for sale under the Plan shall be 12,263,101 one hundred eighty seven thousand five hundred (187,500) shares. In addition to the foregoing, subject to Section 19 hereof, commencing on the first day of the Company's 2016 fiscal year and on the first day of each fiscal year thereafter dur...ing the term of the Plan, the number of shares of the Company's Common Stock which shall be made available for sale under the Plan shall be increased by that number of shares of the Company's Common Stock equal to the least of (i) one percent (1%) of the Company's outstanding shares of Common Stock on such date, (ii) fifty thousand (50,000) shares or (iii) a lesser amount determined by the Board. Notwithstanding the foregoing, in no event shall the aggregate number of shares reserved for issuance under the Plan, during the term of the Plan, exceed one million two hundred fifty thousand (1,250,000) shares of the Company's Common Stock during the term of the Plan, subject to adjustment as provided in Section 19 \hereof. If any right granted under the Plan shall for any reason terminate without having been exercised, the Common Stock not purchased under such right shall again become available for issuance under the Plan. The stock subject to the Plan may be unissued shares or reacquired shares, bought on the market or otherwise. (b)With (b) If any right granted under the Plan shall for any reason terminate without having been exercised, the Common Stock not purchased under such right shall again become available for issuance under the Plan. The stock subject to the Plan may be unissued shares or reacquired shares, bought on the market or otherwise. (c) With respect to shares of stock subject to an option granted under the Plan, a participant shall not be deemed to be a stockholder of the Company, and the participant shall not have any of 6 the rights or privileges of a stockholder, until such shares have been issued to the participant or his or her nominee following exercise of the participant's option. No adjustments shall be made for dividends (ordinary or extraordinary, whether in cash securities, or other property) or distribution or other rights for which the record date occurs prior to the date of such issuance, except as otherwise expressly provided herein. View More
Shares Subject to Plan. (a)Subject (a). Subject to adjustment upon changes in capitalization of the Company as provided in Section 19 17 hereof, the maximum number of shares of the Company's Common Stock which shall be made available for sale under the Plan shall be 12,263,101 six hundred thousand (600,000) shares. (b). If any right option granted under the Plan shall for any reason terminate without having been exercised, the shares of Common Stock not purchased under such right option shall again become available for... issuance under the Plan. The stock shares of Common Stock subject to the Plan may be unissued shares or reacquired shares, bought on the market or otherwise. (b)With (c). With respect to shares of stock Common Stock subject to an option granted under the Plan, a participant Participant shall not be deemed to be a stockholder of the Company, and the participant Participant shall not have any of the rights or privileges of a stockholder, until such shares have been issued to the participant or his or her nominee Participant following exercise of the participant's 6 Participant's option. No adjustments shall be made for dividends (ordinary or extraordinary, whether in cash securities, or other property) or distribution or other rights for which the record date occurs prior to the date of such issuance, except as otherwise expressly provided herein. View More
