Shares Subject to the Plan Clause Example with 5 Variations from Business Contracts
This page contains Shares 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 Subject to the Plan. 5.1. Number of Shares. Subject to adjustment as provided in Section 11.6, the number of shares of Common Stock which may be issued under the Plan shall not exceed 7,312,210 shares of Common Stock. Shares of Common Stock that are issued under the Plan or that are subject to outstanding Incentives will be applied to reduce the maximum number of shares of Common Stock remaining available for issuance under the Plan. 5.2. Cancellation. To the extent that cash in lieu of shares of Common Stock is del...ivered upon the exercise of an SAR pursuant to Section 7.4, the Company shall be deemed, for purposes of applying the limitation on the number of shares, to have issued the greater of the number of shares of Common Stock which it was entitled to issue upon such exercise or on the exercise of any related option. In the event that a stock option or SAR granted hereunder expires or is terminated or canceled unexercised or unvested as to any shares of Common Stock, such shares may again be issued under the Plan either pursuant to stock options, SARs or otherwise. In the event that shares of Common Stock are issued as restricted stock or pursuant to a stock award and thereafter are forfeited or reacquired by the Company pursuant to rights reserved upon issuance thereof, such forfeited and reacquired shares may again be issued under the Plan, either as restricted stock, pursuant to stock awards or otherwise. The Committee may also determine to cancel, and agree to the cancellation of, stock options in order to make a participant eligible for the grant of a stock option at a lower price than the option to be canceled.View More
Variations of a "Shares Subject to the Plan" Clause from Business Contracts
Shares Subject to the Plan. 5.1. Number of Shares. Subject to adjustment as provided in Section 11.6, 10.5, the number of shares of Common Stock which may be issued under the Plan shall not exceed 7,312,210 5,000,000 shares of Common Stock. Of such aggregate number of shares of Common Stock that may be issued under the Plan, the maximum number of shares that may be issued as Incentive Stock Options under Section 422 of the Code is 5,000,000. Any shares of Common Stock available for issuance as Incentive Stock Options may b...e alternatively issued as other types of Awards under the Plan. Shares of Common Stock that are issued under the Plan or that are subject to outstanding Incentives Awards will be applied to reduce the maximum number of shares of Common Stock remaining available for issuance under the Plan. 5.2. Cancellation. To the extent that cash in lieu the Company is subject to Section 162(m) of the Code, no employee shall be eligible to be granted awards covering more than 500,000 shares of Common Stock is delivered upon the exercise of an SAR pursuant to during any calendar year. 2 5.2. Cancellation. Except as otherwise required by Section 7.4, the Company shall be deemed, for purposes of applying the limitation on the number of shares, to have issued the greater 162(m) of the number of shares of Common Stock which it was entitled to issue upon such exercise or on the exercise of any related option. In Code, in the event that a stock option or SAR granted hereunder expires or is terminated or canceled unexercised or unvested as to any shares of Common Stock, such shares may again be issued under the Plan either pursuant to stock options, SARs options or otherwise. In the event that shares of Common Stock are issued as restricted stock or pursuant to a stock award as part of another Award and thereafter are forfeited or reacquired by the Company pursuant to rights reserved upon issuance thereof, such forfeited and reacquired shares may again be issued under the Plan, either as restricted stock, pursuant to stock awards or otherwise. The Committee may also determine to cancel, and agree to the cancellation of, stock options in order to make a participant eligible for the grant of a stock option at a lower price than the option to be canceled.View More
Shares Subject to the Plan. 5.1. Number of Shares. Subject to adjustment as provided in Section 11.6, 9.6, the number of shares of Common Stock which may be issued issuable under the Plan shall not exceed 7,312,210 1,521,621 shares of Common Stock. Shares of Common Stock that are issued under the Plan or that are subject to outstanding Incentives will be applied to reduce the maximum number of shares of Common Stock remaining available for issuance under the Plan. 5.2. Cancellation. To the extent that cash in lieu of Any s...hares of Common Stock is delivered upon the exercise of an SAR pursuant subject to Section 7.4, the Company SARs granted under this Plan shall be deemed, for purposes of applying counted in full against the limitation on the number of shares, to have issued the greater above-indicated share limit, regardless of the number of shares of Common Stock which it was entitled to issue actually issued upon such exercise or on the exercise of such SARs. 5.2. Cancellation. If any related option. In the event that a stock option or SAR Incentive granted hereunder (including without limitation any stock option, SAR or restricted stock unit) expires or is terminated or canceled unexercised or unvested as to any shares of Common Stock, such shares may again be issued under the Plan either pursuant to stock options, SARs SARs, restricted stock units, or otherwise. In the event that If shares of Common Stock are issued as restricted stock or pursuant to a stock award award, as restricted stock, or as performance shares) and thereafter are forfeited or reacquired by the Company pursuant to rights reserved upon issuance thereof, such forfeited and reacquired shares may again be issued under the Plan, either pursuant to a stock award, as restricted stock, pursuant to stock awards as performance shares, or otherwise. The Committee may also determine to cancel, and agree to the cancellation of, stock options Incentives in order to make a participant eligible for the grant of a stock option an Incentive at a lower exercise price than the option Incentive to be canceled. 5.3. Type of Common Stock. Common Stock issued under the Plan in connection with Incentives may be authorized and unissued shares or, if so designated by the Committee, may be treasury stock. 5.4. Limitation on Certain Grants. No person shall receive grants of stock options and SARs under the Plan that exceed, in the aggregate, 400,000 shares of Common Stock during any one fiscal year of the Company. View More
Shares Subject to the Plan. 5.1. Number of Shares. Subject to adjustment as provided in Section 11.6, 9.6, the number of shares of Common Stock which may be issued issuable under the Plan shall not exceed 7,312,210 100,000 shares of Common Stock. Shares of Common Stock that are issued under the Plan or that are subject to outstanding Incentives will be applied to reduce the maximum number of shares of Common Stock remaining available for issuance under the Plan. 5.2. Cancellation. To the extent that cash in lieu of Any sha...res of Common Stock is delivered upon the exercise of an SAR pursuant subject to Section 7.4, the Company SARs granted under this Plan shall be deemed, for purposes of applying counted in full against the limitation on the number of shares, to have issued the greater above-indicated share limit, regardless of the number of shares of Common Stock which it was entitled to issue actually issued upon such exercise or on the exercise of such SARs. 5.2. Cancellation. If any related option. In the event that a stock option or SAR Incentive granted hereunder (including without limitation any stock option, SAR or restricted stock unit) expires or is terminated or canceled unexercised or unvested as to any shares of Common Stock, such shares may again be issued under the Plan either pursuant to stock options, SARs SARs, restricted stock units, or otherwise. In the event that If shares of Common Stock are issued as restricted stock or pursuant to a stock award award, as restricted stock, or as performance shares) and thereafter are forfeited or reacquired by the Company pursuant to rights reserved upon issuance thereof, such forfeited and reacquired shares may again be issued under the Plan, either pursuant to a stock award, as restricted stock, pursuant to stock awards as performance shares, or otherwise. The Committee may also determine to cancel, and agree to the cancellation of, stock options Incentives in order to make a participant eligible for the grant of a stock option an Incentive at a lower exercise price than the option Incentive to be canceled. 5.3. Type of Common Stock. Common Stock issued under the Plan in connection with Incentives may be authorized and unissued shares or, if so designated by the Committee, may be treasury stock. 5.4. Limitation on Certain Grants. No person shall receive grants of stock options and SARs under the Plan that exceed, in the aggregate, 100,000 shares of Common Stock during any one fiscal year of the Company. View More
Shares Subject to the Plan. 5.1. Number of Shares. Subject to adjustment as provided in Section 11.6, 9.6, the number of shares of Common Stock which may be issued issuable under the Plan shall not exceed 7,312,210 6,000,000 shares of Common Stock. Shares of Common Stock that are issued under the Plan or that are subject to outstanding Incentives will be applied to reduce the maximum number of shares of Common Stock remaining available for issuance under the Plan. 5.2. Cancellation. To the extent that cash in lieu of Any s...hares of Common Stock is delivered upon the exercise of an SAR pursuant subject to Section 7.4, the Company SARs granted under this Plan shall be deemed, for purposes of applying counted in full against the limitation on the number of shares, to have issued the greater above-indicated share limit, regardless of the number of shares of Common Stock which it was entitled to issue actually issued upon such exercise or on the exercise of such SARs. 5.2. Cancellation. If any related option. In the event that a stock option or SAR Incentive granted hereunder (including without limitation any stock option, SAR or restricted stock unit) expires or is terminated or canceled unexercised or unvested as to any shares of Common Stock, such shares may again be issued under the Plan either pursuant to stock options, SARs SARs, restricted stock units, or otherwise. In the event that If shares of Common Stock are issued as restricted stock or pursuant to a stock award award, as restricted stock, or as performance shares) and thereafter are forfeited or reacquired by the Company pursuant to rights reserved upon issuance thereof, such forfeited and reacquired shares may again be issued under the Plan, either pursuant to a stock award, as restricted stock, pursuant to stock awards as performance shares, or otherwise. The Committee may also determine to cancel, and agree to the cancellation of, stock options Incentives in order to make a participant eligible for the grant of a stock option an Incentive at a lower exercise price than the option Incentive to be canceled. 5.3. Type of Common Stock. Common Stock issued under the Plan in connection with Incentives may be authorized and unissued shares or, if so designated by the Committee, may be treasury stock. 5.4. Limitation on Certain Grants. No person shall receive grants of stock options and SARs under the Plan that exceed, in the aggregate, 400,000 shares of Common Stock during any one fiscal year of the Company. View More
Shares Subject to the Plan. 5.1. Number of Shares. Subject to adjustment as provided in Section 11.6, 9.6, the number of shares of Common Stock which may be issued issuable under the Plan shall not exceed 7,312,210 2,000,000 shares of Common Stock. Shares of Common Stock that are issued under the Plan or that are subject to outstanding Incentives will be applied to reduce the maximum number of shares of Common Stock remaining available for issuance under the Plan. 5.2. Cancellation. To the extent that cash in lieu of Any s...hares of Common Stock is delivered upon the exercise of an SAR pursuant subject to Section 7.4, the Company SARs granted under this Plan shall be deemed, for purposes of applying counted in full against the limitation on the number of shares, to have issued the greater above-indicated share limit, regardless of the number of shares of Common Stock which it was entitled to issue actually issued upon such exercise or on the exercise of such SARs. 5.2. Cancellation. If any related option. In the event that a stock option or SAR Incentive granted hereunder (including without limitation any stock option, SAR or restricted stock unit) expires or is terminated or canceled unexercised or unvested as to any shares of Common Stock, such shares may again be issued under the Plan either pursuant to stock options, SARs SARs, restricted stock units, or otherwise. In the event that If shares of Common Stock are issued as restricted stock or pursuant to a stock award award, as restricted stock, or as performance shares) and thereafter are forfeited or reacquired by the Company pursuant to rights reserved upon issuance thereof, such forfeited and reacquired shares may again be issued under the Plan, either pursuant to a stock award, as restricted stock, pursuant to stock awards as performance shares, or otherwise. The Committee may also determine to cancel, and agree to the cancellation of, stock options Incentives in order to make a participant eligible for the grant of a stock option an Incentive at a lower exercise price than the option Incentive to be canceled. 5.3. Type of Common Stock. Common Stock issued under the Plan in connection with Incentives may be authorized and unissued shares or, if so designated by the Committee, may be treasury stock. 5.4. Limitation on Certain Grants. No person shall receive grants of stock options and SARs under the Plan that exceed, in the aggregate, 400,000 shares of Common Stock during any one fiscal year of the Company. View More
