Stock Available for Awards Contract Clauses (248)

Grouped Into 3 Collections of Similar Clauses From Business Contracts

This page contains Stock Available for Awards clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Stock Available for Awards. (1) Authorized Number of Shares. Subject to adjustment under Section 9, Awards may be made under the Plan (any or all of which Awards may be in the form of Incentive Stock Options, as defined in Section 5(b)) for up to such number of shares of common stock, par value $0.0001 per share, of the Company (the "Common Stock") as is equal to the sum of: (A) 3,000,000 shares of Common Stock; plus (B) such additional number of shares of Common Stock as is equal to the sum of (i) the number of shares of ...Common Stock reserved for issuance under the Company's 2014 Stock Incentive Plan (the "Existing Plan") that remain available for grant under the Existing Plan immediately prior to the closing of the Company's initial public offering and (ii) the number of shares of Common Stock subject to awards granted under the Existing Plan which awards expire, terminate or are otherwise surrendered, canceled, forfeited or repurchased by the Company at their original issuance price pursuant to a contractual repurchase right (subject, however, in the case of Incentive Stock Options to any limitations of the Code). Shares issued under the Plan may consist in whole or in part of authorized but unissued shares or treasury shares. (2) Share Counting. For purposes of counting the number of shares available for the grant of Awards under the Plan: (A) all shares of Common Stock covered by SARs shall be counted against the number of shares available for the grant of Awards under the Plan; provided, however, that (i) SARs that may be settled only in cash shall not be so counted and (ii) if the Company grants an SAR in tandem with an Option for the same number of shares of Common Stock and provides that only one such Award may be exercised (a "Tandem SAR"), only the shares covered by the Option, and not the shares covered by the Tandem SAR, shall be so counted, and the expiration of one in connection with the other's exercise will not restore shares to the Plan; 2 (B) if any Award (i) expires or is terminated, surrendered or canceled without having been fully exercised or is forfeited in whole or in part (including as the result of shares of Common Stock subject to such Award being repurchased by the Company at the original issuance price pursuant to a contractual repurchase right) or (ii) results in any Common Stock not being issued (including as a result of an SAR that was settleable either in cash or in stock actually being settled in cash), the unused Common Stock covered by such Award shall again be available for the grant of Awards; provided, however, that (1) in the case of Incentive Stock Options, the foregoing shall be subject to any limitations under the Code, (2) in the case of the exercise of an SAR, the number of shares counted against the shares available under the Plan and against the sublimits listed in the first clause of Section 4(a)(2) shall be the full number of shares subject to the SAR multiplied by the percentage of the SAR actually exercised, regardless of the number of shares actually used to settle such SAR upon exercise and (3) the shares covered by a Tandem SAR shall not again become available for grant upon the expiration or termination of such Tandem SAR; and (C) shares of Common Stock delivered (either by actual delivery, attestation or net exercise) to the Company by a Participant to (i) purchase shares of Common Stock upon the exercise of an Award or (ii) satisfy tax withholding obligations (including shares retained from the Award creating the tax obligation) shall not be added back to the number of shares available for the future grant of Awards. (b) Substitute Awards. In connection with a merger or consolidation of an entity with the Company or the acquisition by the Company of property or stock of an entity, the Board may grant Awards in substitution for any options or other stock or stock-based awards granted by such entity or an affiliate thereof. Substitute Awards may be granted on such terms as the Board deems appropriate in the circumstances, notwithstanding any limitations on Awards contained in the Plan. Substitute Awards shall not count against the overall share limit set forth in Section 4(a)(1) or any sublimit contained in the Plan, except as may be required by reason of Section 422 and related provisions of the Code. View More
Found in Spring Bank Pharmaceuticals, Inc. contract
View All 121 Similar Clauses
Stock Available for Awards. (1) Authorized Number of Shares. Subject to adjustment under Section 9, 8, Awards may be made under the Plan (any or all of which Awards may be in the form of Incentive Stock Options, as defined in Section 5(b)) for up to such number of 200,000 shares of common stock, $0.0001 par value $0.0001 per share, of the Company (the "Common Stock") as is equal to the sum of: (A) 3,000,000 shares of Common Stock; plus (B) such additional number of shares of Common Stock as is equal to the sum of (i) the n...umber of shares of Common Stock reserved for issuance under the Company's 2014 Stock Incentive Plan (the "Existing Plan") that remain available for grant under the Existing Plan immediately prior to the closing of the Company's initial public offering and (ii) the number of shares of Common Stock subject to awards granted under the Existing Plan which awards expire, terminate or are otherwise surrendered, canceled, forfeited or repurchased by the Company at their original issuance price pursuant to a contractual repurchase right (subject, however, in the case of Incentive Stock Options to any limitations of the Code). Shares issued under the Plan may consist in whole or in part of authorized but unissued shares or treasury shares. (2) Share Counting. For purposes of counting the number of shares available for the grant of Awards under the Plan: (A) all shares of Common Stock covered by SARs shall be counted against the number of shares available for the grant of Awards under the Plan; provided, however, that (i) SARs that may be settled only in cash shall not be so counted and (ii) if the Company grants an SAR in tandem with an Option for the same number of shares of Common Stock and provides that only one such Award may be exercised (a "Tandem SAR"), only the shares covered by the Option, and not the shares covered by the Tandem SAR, shall be so counted, and the expiration of one in connection with the other's exercise will not restore shares to the Plan; 2 (B) if Stock"). If any Award (i) expires or is terminated, surrendered or canceled without having been fully exercised or is forfeited in whole or in part (including as the result of shares of Common Stock subject to such Award being repurchased by the Company at the original issuance price pursuant to a contractual repurchase right) or (ii) results in any Common Stock not being issued (including as a result of an SAR that was settleable either in cash or in stock actually being settled in cash), issued, the unused Common Stock covered by such Award shall again be available for the grant of Awards; provided, however, that (1) Awards under the Plan. Further, shares of Common Stock tendered to the Company by a Participant to exercise an Award shall be added to the number of shares of Common Stock available for the grant of Awards under the Plan. However, in the case of Incentive Stock Options, Options (as hereinafter defined), the foregoing provisions shall be subject to any limitations under the Code, (2) in the case of the exercise of an SAR, the number of shares counted against the shares available Code. Shares issued under the Plan may consist in whole or in part of authorized but unissued shares or treasury shares. At no time while there is any Option (as defined below) outstanding and against held by a Participant who was a resident of the sublimits listed in State of California on the first clause date of Section 4(a)(2) grant of such Option, shall be the full total number of shares subject to the SAR multiplied by the percentage of the SAR actually exercised, regardless of the number of shares actually used to settle such SAR upon exercise and (3) the shares covered by a Tandem SAR shall not again become available for grant upon the expiration or termination of such Tandem SAR; and (C) shares of Common Stock delivered (either by actual delivery, attestation or net exercise) to the Company by a Participant to (i) purchase shares of Common Stock issuable upon the exercise of an Award or (ii) satisfy tax withholding obligations (including shares retained from all outstanding options and the Award creating the tax obligation) shall not be added back to the total number of shares available provided for under any stock bonus or similar plan of the future grant of Awards. (b) Substitute Awards. In connection with a merger or consolidation of an entity Company exceed the applicable percentage as calculated in accordance with the Company or conditions and exclusions of Section 260.140.45. of the acquisition by California Code of Regulations (the "California Regulations"), based on the shares of the Company of property or stock of an entity, which are outstanding at the Board may grant Awards in substitution for any options or other stock or stock-based awards granted by such entity or an affiliate thereof. Substitute Awards may be granted on such terms as time the Board deems appropriate in the circumstances, notwithstanding any limitations on Awards contained in the Plan. Substitute Awards shall not count against the overall share limit set forth in Section 4(a)(1) or any sublimit contained in the Plan, except as may be required by reason of Section 422 and related provisions of the Code. calculation is made. View More
Found in PRECISION BIOSCIENCES INC contract
Stock Available for Awards. (1) Authorized (a) Number of Shares. Subject to adjustment under Section 9, 8 hereof, Awards may be made under the Plan (any or all of which Awards may be in the form of Incentive Stock Options, as defined in Section 5(b)) for covering up to such number of shares of common stock, par value $0.0001 per share, of the Company (the "Common Stock") as is equal to the sum of: (A) 3,000,000 2,000,000 shares of Common Stock; plus (B) such additional number of shares of Common Stock as is equal to the su...m of (i) the number of shares of Common Stock reserved for issuance under the Company's 2014 Stock Incentive Plan (the "Existing Plan") that remain available for grant under the Existing Plan immediately prior to the closing of the Company's initial public offering and (ii) the number of shares of Common Stock subject to awards granted under the Existing Plan which awards expire, terminate or are otherwise surrendered, canceled, forfeited or repurchased by the Company at their original issuance price pursuant to a contractual repurchase right (subject, however, in the case of Incentive Stock Options to any limitations of the Code). Shares issued under the Plan may consist in whole or in part of authorized but unissued shares or treasury shares. (2) Share Counting. For purposes of counting the number of shares available for the grant of Awards under the Plan: (A) all shares of Common Stock covered by SARs shall be counted against the number of shares available for the grant of Awards under the Plan; provided, however, that (i) SARs that may be settled only in cash shall not be so counted and (ii) if the Company grants an SAR in tandem with an Option for the same number of shares of Common Stock and provides that only one such Award may be exercised (a "Tandem SAR"), only the shares covered by the Option, and not the shares covered by the Tandem SAR, shall be so counted, and the expiration of one in connection with the other's exercise will not restore shares to the Plan; 2 (B) if Stock. If any Award (i) expires or lapses or is terminated, surrendered or canceled without having been fully exercised or is forfeited in whole or in part (including as the result of shares of Common Stock subject to such Award being repurchased by the Company at or below the original issuance price pursuant to price), in any case in a contractual repurchase right) or (ii) manner that results in any shares of Common Stock covered by such Award not being issued (including as a result of an SAR that was settleable either in cash or in stock actually being settled in cash), so reacquired by the Company, the unused Common Stock covered by such Award shall again be available for the grant of Awards; provided, however, that (1) Awards under the Plan. Further, shares of Common Stock delivered (either by actual delivery or attestation) to the Company by a Participant to satisfy the applicable exercise or purchase price of Award and/or to satisfy any applicable tax withholding obligation (including shares retained by the Company from the Award being exercised or purchased and/or creating the tax obligation) shall be added to the number of shares of Common Stock available for the grant of Awards under the Plan. However, in the case of Incentive Stock Options, Options (as hereinafter defined), the foregoing provisions shall be subject to any limitations under the Code, (2) in the case Code. Shares of the exercise of an SAR, the number of shares counted against the shares available Common Stock issued under the Plan and against may consist in whole or in part of authorized but unissued shares, shares purchased on the sublimits listed in the first clause of Section 4(a)(2) shall be the full number of shares subject to the SAR multiplied by the percentage of the SAR actually exercised, regardless of the number of shares actually used to settle such SAR upon exercise and (3) the shares covered by a Tandem SAR shall not again become available for grant upon the expiration open market or termination of such Tandem SAR; and (C) shares of Common Stock delivered (either by actual delivery, attestation or net exercise) to the Company by a Participant to (i) purchase shares of Common Stock upon the exercise of an Award or (ii) satisfy tax withholding obligations (including shares retained from the Award creating the tax obligation) shall not be added back to the number of shares available for the future grant of Awards. treasury shares. (b) Substitute Awards. In connection with a merger or consolidation of an entity with the Company or the acquisition by the Company of property or stock of an entity, the Board Administrator may grant Awards in substitution for any options or other stock or stock-based awards granted prior to such merger or consolidation by such entity or an affiliate thereof. Substitute Awards may be granted on such terms as the Board Administrator deems appropriate in the circumstances, notwithstanding any limitations on Awards contained in the Plan. Substitute Awards shall not count against the overall share limit set forth in Section 4(a)(1) or any sublimit contained in the Plan, 4(a) hereof, except as may be required by reason of Section 422 and related provisions of the Code. View More
Found in GTX INC contract
Stock Available for Awards. (1) Authorized Number of Shares. Subject to adjustment under Section 9, Awards may be made under the Plan (any or all of which Awards may be in the form of Incentive Stock Options, as defined in Section 5(b)) for up to such number of 150,000 shares of common stock, $0.001 par value $0.0001 per share, of the Company (the "Common Stock") as is equal to the sum of: (A) 3,000,000 shares of Common Stock; plus (B) such additional number of shares of Common Stock as is equal to the sum of (i) the numbe...r of shares of Common Stock reserved for issuance under the Company's 2014 Stock Incentive Plan (the "Existing Plan") that remain available for grant under the Existing Plan immediately prior to the closing of the Company's initial public offering and (ii) the number of shares of Common Stock subject to awards granted under the Existing Plan which awards expire, terminate or are otherwise surrendered, canceled, forfeited or repurchased by the Company at their original issuance price pursuant to a contractual repurchase right (subject, however, in the case of Incentive Stock Options to any limitations of the Code). Stock"). Shares issued under the Plan may consist in whole or in part of authorized but unissued shares or treasury shares. (2) Share Counting. For purposes of counting the number of shares available for the grant of Awards under the Plan: (A) all shares of Common Stock covered by SARs shall be counted against the number of shares available for the grant of Awards under the Plan; provided, however, that (i) SARs that may be settled only in cash shall not be so counted and (ii) if the Company grants an SAR in tandem with an Option for the same number of shares of Common Stock and provides that only one such Award may be exercised (a "Tandem SAR"), only the shares covered by the Option, and not the shares covered by the Tandem SAR, shall be so counted, and the expiration of one in connection with the other's exercise will not restore shares to the Plan; 2 (B) if any Award (i) expires or is terminated, surrendered or canceled without having been fully exercised or is forfeited in whole or in part (including as the result of shares of Common Stock subject to such Award being repurchased by the Company at the original issuance price pursuant to a contractual repurchase right) or (ii) results in any Common Stock not being issued (including as a result of an SAR that was settleable either in cash or in stock actually being settled in cash), the unused Common Stock covered by such Award shall again be available for the grant of Awards; provided, however, that (1) in the case of Incentive Stock Options, the foregoing shall be subject to any limitations under the Code, (2) in the case of the exercise of an SAR, the number of shares counted against the shares available under the Plan and against the sublimits listed in the first clause of Section 4(a)(2) shall be the full number of shares subject to the SAR multiplied by the percentage of the SAR actually exercised, regardless of the number of shares actually used to settle such SAR upon exercise and (3) (2) the shares covered by a Tandem SAR shall not again become available for grant upon the expiration or termination of such Tandem SAR; and (C) shares of Common Stock delivered (either by (by actual delivery, attestation attestation, or net exercise) to the Company by a Participant to (i) purchase shares of Common Stock upon the exercise of an Award or (ii) satisfy tax withholding obligations with respect to Awards (including shares retained from the Award creating the tax obligation) shall not be added back to the number of shares available for the future grant of Awards. (b) Substitute Awards. In To the extent such awards would be in compliance with Nasdaq Listing Rule 5635(c)(4), in connection with a merger or consolidation of an entity with the Company or the acquisition by the Company of property or stock of an entity, the Board may grant Awards in substitution for any options or other stock or stock-based awards granted by such entity or an affiliate thereof. Substitute Awards may be granted on such terms as the Board deems appropriate in the circumstances, notwithstanding any limitations on Awards contained in the Plan. Substitute Awards shall not count against the overall share limit set forth in Section 4(a)(1) or any sublimit contained in the Plan, except as may be required by reason of Section 422 and related provisions of the Code. 4(a)(1). View More
Found in Arsanis, Inc. contract
View Variations (121)
Stock Available for Awards. a. Number of Shares. Subject to adjustment under Section 3(b), the aggregate number of shares of Common Stock that may be issued pursuant to the Plan is the Available Shares (as specified on the last page hereof). If any Award expires, or is terminated, surrendered or forfeited, in whole or in part, the unissued Common Stock covered by such Award shall again be available for the grant of Awards under the Plan. If an Award granted under the Plan shall expire or terminate for any reason without ha...ving been exercised in full, the unpurchased shares subject to such Award shall again be available for subsequent Awards under the Plan, and if shares of Common Stock issued pursuant to the Plan are repurchased by, or are surrendered or forfeited to, the Company at no more than the price paid for such shares, such shares of Common Stock shall again be available for the grant of Awards under the Plan. Shares issued under the Plan may consist in whole or in part of authorized but unissued shares or treasury shares. b. Adjustment to Common Stock. Subject to Section 7, in the event of any stock split, reverse stock split, stock dividend, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, combination, exchange of shares, liquidation, spin-off, split-up, or other similar change in capitalization or similar event, (i) the number and class of Available Shares and the per-Participant share limit, (ii) the number and class of securities, vesting schedule and exercise price per share subject to each outstanding Option, (iii) the repurchase price per security subject to repurchase, and (iv) the terms of each other outstanding Award shall be adjusted by the Company (or substituted Awards may be made, if applicable) to the extent the Board shall determine, in good faith, that such an adjustment (or substitution) is appropriate. Any such adjustment to outstanding Awards will be effected in a manner that precludes the enlargement of rights and benefits under such Awards. View More
Found in Aerovate Therapeutics, Inc. contract
View All 7 Similar Clauses
Stock Available for Awards. a. (a) Number of Shares. Subject to adjustment under Section 3(b), the aggregate number of shares of Common Stock of the Company (the "Common Stock") that may be issued pursuant to Awards granted under the Plan is the Available Shares (as specified on the last page hereof). 13,000,000. If any Award expires, expires unexercised or is terminated, surrendered or forfeited, in whole or in part, or is settled in cash or otherwise results in any Common Stock not being issued, the unissued Common Stock... covered by such Award shall again be available for the grant of Awards under the Plan. If an Award granted under the Plan shall expire or terminate for any reason without having been exercised in full, the unpurchased shares subject to such Award shall again be available for subsequent Awards under the Plan, and Except as provided below regarding Incentive Stock Options, if shares of Common Stock issued pursuant to the Plan are repurchased by, or are surrendered or forfeited to, the Company at no more than the price paid for cost, such shares, such 1 shares of Common Stock shall again be available for the grant of Awards under the Plan. Except as provided below regarding Incentive Stock Options, shares of Common Stock tendered by a Participant to exercise an Award will be added to the number of shares available for the grant of Awards. Notwithstanding the foregoing, the cumulative number of shares that may be issued under the Plan to settle Incentive Stock Options shall not exceed 13,000,000 shares. Shares issued under the Plan may consist in whole or in part of authorized but unissued shares or treasury shares. b. (b) Adjustment to Common Stock. Subject to Section 7, in In the event of any stock split, reverse stock split, stock dividend, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, combination, exchange combination or reclassification of shares, liquidation, spin-off, split-up, extraordinary transaction, non-ordinary course dividend, or other similar change in capitalization or similar event, (i) the number and class of Available Shares securities available for Awards under the Plan and the per-Participant share limit, (ii) the number and class of securities, vesting schedule and exercise price per share subject to of each outstanding Option, Award, (iii) the repurchase price per security subject to repurchase, and (iv) the terms of each other outstanding stock-based Award shall be adjusted by the Company (or substituted Awards may be made, if applicable) to the extent the Board shall determine, in good faith, that such an adjustment (or substitution) is appropriate. Any such adjustment to outstanding Awards will be effected made) in a manner that precludes determined by the enlargement of rights and benefits under such Awards. Board to be appropriate. If Section 7(e) applies for any event, this Section 3(b) shall not be applicable. View More
Found in Forma Therapeutics Holdings, Inc., contract
Stock Available for Awards. a. Number of Shares. Subject to adjustment under Section 3(b), 3(c), the aggregate number of shares of Common Stock of the Company (the "Common Stock") that may be issued pursuant to Awards granted under the Plan is the Available Shares (as specified on the last page hereof). 23,661,918 shares. If any Award expires, expires unexercised or is terminated, surrendered or forfeited, in whole or in part, or is settled in cash or otherwise results in any Common Stock not being issued, the unissued Com...mon Stock covered by such Award shall again be available for the grant of Awards under the Plan. If an Award granted under the Plan shall expire or terminate for any reason without having been exercised in full, the unpurchased shares subject to such Award shall again be available for subsequent Awards under the Plan, and if shares of Common Stock issued pursuant to the Plan are repurchased by, or are surrendered or forfeited to, the Company at no more than the price paid for such shares, cost, such shares of Common Stock shall again be available for the grant of Awards under the Plan. Shares of Common Stock tendered by a Participant to exercise an Award will be added to the number of shares available for the grant of Awards. Notwithstanding the foregoing, however, the cumulative number of shares that may be issued under the Plan shall not exceed 23,661,918 shares. Shares issued under the Plan may consist in whole or in part of authorized but unissued shares or treasury shares. b. Per-Participant Limit Not Applicable. Subject in all cases to the aggregate share limit set forth in Section 3(a), there shall be no limit on the number of shares of Common Stock that may be granted to a Participant pursuant to any Award(s) during any one fiscal year. c. Adjustment to Common Stock. Subject to Section 7, in In the event of any stock split, reverse stock split, stock dividend, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, combination, exchange combination or reclassification of shares, liquidation, spin-off, split-up, or other similar change in capitalization or similar event, (i) the number and class of Available Shares securities available for Awards under the Plan and the per-Participant share limit, (ii) the number and class of securities, vesting schedule and exercise price per share subject to of each outstanding Option, Award, (iii) the repurchase price per security subject to repurchase, and (iv) the terms of each other outstanding stock-based Award shall be adjusted by the Company (or substituted Awards may be made, if applicable) to the extent the Board shall determine, in good faith, that such an adjustment (or substitution) is appropriate. Any such adjustment to outstanding Awards will be effected made) in a manner that precludes determined by the enlargement of rights and benefits under such Awards. Board to be appropriate. If Section 7(e) applies for any event, this Section 3(c) shall not be applicable. View More
Found in Cyteir Therapeutics, Inc. contract
Stock Available for Awards. a. Number of Shares. Subject to adjustment under Section 3(b), 3(c), the aggregate number of shares (the "Authorized Shares") of Common Stock the Company's common stock, $0.125 par value per share (the "Common Stock"), that may be issued pursuant to the Plan is the Available Shares (as specified on the last page hereof). shall be 32,000,000 shares of Common Stock. If any Award expires, is terminated, surrendered, forfeited, expires unexercised, is settled in cash in lieu of Common Stock or is te...rminated, surrendered or forfeited, exchanged for other Awards, in whole or in part, the unissued Common Stock covered by such Award shall again be available for the grant of Awards under the Plan. If Shares of Common Stock delivered to the Company by a Participant to (i) purchase shares upon the exercise of an Award granted under the Plan shall expire Award, or terminate for (ii) satisfy statutory tax withholding obligations with respect to any reason without having been exercised in full, the unpurchased shares subject to such Award shall again not be added back to the number of shares available for subsequent the future grant of Awards under the Plan, and if Plan. All shares of Common Stock issued pursuant to covered by an SAR shall be counted against the Plan are repurchased by, or are surrendered or forfeited to, the Company at no more than the price paid for such shares, such number of shares of Common Stock shall again be available for the grant of Awards under the Plan. Plan; provided, however, that SARs that may be settled only in cash shall not be so counted. Shares of Common Stock repurchased by the Company on the open market using the proceeds from the exercise of an Award shall not increase the number of shares available for future grants of Awards. Shares issued under the Plan may consist in whole or in part of authorized but unissued shares. Notwithstanding anything to the contrary in this Plan, the foregoing limitations shall be subject to adjustment under Section 3(c), but only to the extent that such adjustment will not affect the status of any Award intended to qualify as "performance-based compensation" under Section 162(m) of the Code. 1 b. Per-Participant Limit. Subject to adjustment under Section 3(c), no Participant may be granted stock-based Awards during any one fiscal year to purchase more than 2,000,000 shares or treasury shares. b. of Common Stock. c. Adjustment to Common Stock. Subject to Section 7, in In the event of any stock split, reverse stock split, stock dividend, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, combination, exchange of shares, liquidation, spin-off, split-up, or other similar change in capitalization or similar event, (i) the number and class of Available Shares securities available for Awards under the Plan and the per-Participant share limit, (ii) the number and class of securities, vesting schedule and exercise price per share subject to each outstanding Option, stock-based Award, (iii) the repurchase price per security subject to repurchase, and (iv) the terms of each other outstanding stock-based Award shall be adjusted by the Company (or substituted Awards may be made, if applicable) made) to the extent the Board Committee shall determine, in good faith, that such an adjustment (or substitution) is appropriate. Any If Section 11(f)(i) applies for any event, this Section 3(c) shall not be applicable. d. Fractional Shares. No fractional shares shall be issued under the Plan and the Participant shall, at the Committee's discretion, receive either cash in lieu of such adjustment to outstanding Awards will be effected in fractional shares or a manner that precludes the enlargement of rights and benefits under such Awards. full share for each fractional share. View More
Found in Teradyne contract
View Variations (7)
Stock Available for Awards. (a) Amount. Up to an aggregate of 38,300,000 shares of Common Stock, subject to adjustment under subsection (b), may be issued pursuant to Awards, including Incentive Stock Options, under the Plan. If any Award expires or is terminated unexercised or is forfeited, the shares subject to such Award, to the extent of such expiration, termination, or forfeiture, shall again be available for award under the Plan. Common Stock issued through the assumption or substitution of outstanding grants from an... acquired company shall not reduce the shares available for Awards under the Plan. Shares issued under the Plan may consist of authorized but unissued shares or treasury shares. (b) Adjustment. In the event of any equity restructuring, whether a stock dividend, recapitalization, split-up or combination of shares, or otherwise, affects the Common Stock such that an adjustment is required in order to preserve the benefits intended to be provided by the Plan, the Committee (subject in the case of Incentive Stock Options to any limitation required under the Code) shall equitably adjust any or all of (i) the number and kind of shares in respect of which Awards may be made under the Plan, (ii) the number and kind of shares subject to outstanding Awards and (iii) the exercise price with respect to any of the foregoing, provided that the number of shares subject to any Award shall always be a whole number. (c) Limit on Individual Grants. Subject to adjustment under subsection (b) above, the maximum number of shares of Common Stock that are either subject to Options and Stock Appreciation Rights or are granted as Restricted Stock Units, Restricted Stock or unrestricted stock Awards with respect to which Performance Goals apply under Section 7 below that may be granted to any Participant in the aggregate in any fiscal year shall not exceed 800,000. View More
Found in PTC Inc contract
Stock Available for Awards. (a) Amount. Up to an aggregate of 38,300,000 shares of Common Stock, subject Subject to adjustment under subsection (b), Awards may be issued pursuant to Awards, including Incentive Stock Options, made under the Plan. Plan for up to 2,685,000 shares of Common Stock. If any Award expires or is terminated unexercised or is forfeited, forfeited or settled in a manner that results in fewer shares outstanding than were awarded, the shares subject to such Award, to the extent of such expiration, termi...nation, forfeiture or forfeiture, decrease, shall again be available for award under the Plan. Common Stock issued through the assumption or substitution of outstanding grants from an acquired company shall not reduce the shares available for Awards under the Plan. Shares issued under the Plan may consist in whole or in part of authorized but unissued shares or treasury shares. (b) Adjustment. In the event of that the Committee determines that any equity restructuring, whether a stock dividend, extraordinary cash dividend, recapitalization, split-up reorganization, merger, consolidation, split-up, spin-off, combination, exchange of shares or combination of shares, or otherwise, other transaction affects the Common Stock such that an adjustment is required in order to preserve the benefits intended to be provided by the Plan, then the Committee (subject in the case of Incentive Stock Options to any limitation required under the Code) shall equitably adjust any or all of (i) the number and kind of shares in respect of which Awards may be made under the Plan, (ii) the number and kind of shares subject to outstanding Awards and (iii) the exercise price with respect to any of the foregoing, provided that the number of shares subject to any Award shall always be a whole number. (c) Limit on Individual Grants. Subject to adjustment under subsection (b) above, number, and if considered appropriate, the maximum number of shares of Common Stock that are either subject to Options and Stock Appreciation Rights or are granted as Restricted Stock Units, Restricted Stock or unrestricted stock Awards Committee may make provision for a cash payment with respect to which Performance Goals apply under Section 7 below that may be granted to any Participant in the aggregate in any fiscal year shall not exceed 800,000. an outstanding Award. View More
Found in Lyra Therapeutics, Inc. contract
Stock Available for Awards. (a) Amount. Up to an aggregate of 38,300,000 shares of Common Stock, subject Subject to adjustment under subsection (b), Awards may be issued pursuant to Awards, including Incentive Stock Options, made under the Plan. Plan for up to 600,000 shares of Common Stock, together with all shares of Common Stock available for issue under the Company's former 1987 Stock Option Plan on January 31, 1996, and all shares of stock available for issuance under the Company's former 1998 Director Stock Option Pl...an as of January 27, 2004. If any Award (including any grant under the 1987 Plan or the Director Plan) expires or is terminated unexercised or is forfeited, forfeited or settled in a manner that results in fewer shares outstanding than were awarded, the shares subject to such Award, to the extent of such expiration, termination, forfeiture or forfeiture, decrease, shall again be available for award under the Plan. Common Stock issued through the assumption or substitution of outstanding grants from an acquired company shall not reduce the shares available for Awards under the Plan. Shares issued under the Plan may consist in whole or in part of authorized but unissued shares or treasury shares. 2 (b) Adjustment. In the event of that the Committee determines that any equity restructuring, whether a stock dividend, extraordinary cash dividend, recapitalization, split-up or combination reorganization, merger, consolidation, split-up, spin-off, combination, exchange of shares, or otherwise, other transaction affects the Common Stock such that an adjustment is required in order to preserve the benefits intended to be provided by the Plan, then the Committee (subject in the case of Incentive Stock Options to any limitation required under the Code) shall equitably adjust any or all of (i) the number and kind of shares in respect of which Awards may be made under the Plan, (ii) the number and kind of shares subject to outstanding Awards Awards, and (iii) the exercise price with respect to any of the foregoing, and if considered appropriate, the Committee may make provision for a cash payment with respect to an outstanding Award, provided that the number of shares subject to any Award shall always be a whole number. (c) Limit on Individual Grants. Subject to adjustment under subsection (b) above, the The maximum number of shares of Common Stock that are either subject to Options and Stock Appreciation Rights or are granted as Restricted Stock Units, Restricted Stock or unrestricted stock all Awards with respect to which Performance Goals apply under Section 7 below that may be granted under this Plan to any Participant in the aggregate in any fiscal calendar year shall not exceed 800,000. 60,000 shares, subject to adjustment under subsection (b). View More
Found in SEVCON, INC. contract
View Variations (2)