Stock Clause Example with 84 Variations from Business Contracts
This page contains Stock 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.
Stock. (a) Subject to adjustment upon changes in capitalization of the Company as provided in Section 19 hereof, the maximum number of shares of Common Stock that will be made available for sale under the Plan will be shares of Common Stock. The number of shares of Common Stock available for issuance under the Plan will be increased on the first day of each Fiscal Year beginning with the 2022 Fiscal Year equal to the least of (i) shares of Common Stock, (ii) one percent (1%) of the outstanding shares o...f Common Stock on the last day of the immediately preceding Fiscal Year, or (iii) an amount determined by the Administrator. (b) Until the shares of Common Stock are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), a Participant will have only the rights of an unsecured creditor with respect to such shares, and no right to vote or receive dividends or any other rights as a stockholder will exist with respect to such shares. (c) Shares of Common Stock to be delivered to a Participant under the Plan will be registered in the name of the Participant or in the name of the Participant and his or her spouse.View More
Variations of a "Stock" Clause from Business Contracts
Stock. (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 that will which shall be made available for sale under the Plan will shall be 5,500,000 shares. The 5,500,000 shares reflects an increase of Common Stock. The 1,500,000 shares (which were added to the Plan on November 16, 2022, subject to stockholder approval at the 2023 Annual Meeting of Stockholders) over the 4,000,000 shares that ...previously were approved by stockholders for use under the Plan. For avoidance of doubt, the maximum number of shares share limitation set forth in this section may be used to satisfy exercises of Common Stock available for issuance options under either the Plan will be increased on 423 or the first day of each Fiscal Year beginning with the 2022 Fiscal Year equal to the least of (i) shares of Common Stock, (ii) one percent (1%) of the outstanding shares of Common Stock on the last day of the immediately preceding Fiscal Year, or (iii) an amount determined by the Administrator. Non-423 Components. (b) Until the shares of Common Stock are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), a Participant will participant shall only have only the rights of an unsecured creditor with respect to such shares, and no right to vote or receive dividends or any other rights as a stockholder will shall exist with respect to such shares. (c) Shares of Common Stock to be delivered to a Participant participant under the Plan will shall be registered in the name of the Participant or in the name of the Participant and his or her spouse. participant. View More
Stock. (a) Subject to adjustment upon changes in capitalization of the Company as provided in Section 19 hereof, the maximum number of shares of Class A Common Stock that will be made available for sale under the Plan will be 2,000,000 shares of Class A Common Stock. The Stock, which number of shares of Common Stock available for issuance under the Plan will shall be automatically increased on the first day of each Fiscal Year beginning with the 2022 Fiscal Year calendar year commencing on January 1, 2...021 and ending on January 1, 2029 in an amount equal to the least lesser of (i) shares of Common Stock, (ii) (x) one percent (1%) of the outstanding total number of shares of Common Stock outstanding on the last day of the immediately preceding Fiscal Year, or (iii) an amount fiscal year and (y) such number of shares of Class A Common Stock as determined by the Administrator. Board; provided, that, if on January 1 of a calendar year, the Board has not either confirmed the one percent (1%) increase described in clause (x) of this Section 13(a) or approved an increase of a lesser number of shares of Class A Common Stock for such calendar year, then the Board shall be deemed to have waived the automatic increase provided for by this Section 13(a), and no such increase shall occur for such calendar year. (b) Until the shares of Class A Common Stock are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), a Participant will only have only the rights of an unsecured creditor with respect to such shares, and no right to vote or receive dividends or any other rights as a stockholder will exist with respect to such shares. (c) Shares of Class A Common Stock to be delivered to a Participant under the Plan will be registered in the name of the Participant or in the name of the Participant and his or her spouse. View More
Stock. (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 that will which shall be made available for sale under the Plan will shall be shares 4,000,000 shares. For avoidance of Common Stock. The doubt, the maximum number of shares share limitation set forth in this section may be used to satisfy exercises of Common Stock available for issuance options under either the Plan will be increase...d on 423 or the first day of each Fiscal Year beginning with the 2022 Fiscal Year equal to the least of (i) shares of Common Stock, (ii) one percent (1%) of the outstanding shares of Common Stock on the last day of the immediately preceding Fiscal Year, or (iii) an amount determined by the Administrator. Non-423 Components. (b) Until the shares of Common Stock are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), a Participant will participant shall only have only the rights of an unsecured creditor with respect to such shares, and no right to vote or receive dividends or any other rights as a stockholder will shall exist with respect to such shares. (c) Shares of Common Stock to be delivered to a Participant participant under the Plan will shall be registered in the name of the Participant participant or in the name of the Participant participant and his or her spouse. View More
Stock. (a) Subject to adjustment upon changes in capitalization of the Company as provided in Section 19 hereof, the maximum number of shares of Common Stock that will be made available for sale under the Plan will be shares of Common Stock. The aggregate number of shares of Common Stock available for the issuance under of shares pursuant to the Plan will shall be no more than 1,525,000 shares, which number shall be automatically increased on the first day of each Fiscal Year beginning with fiscal year... following the 2022 Fiscal Year fiscal year in which the Effective Date falls in an amount equal to the least lesser of (i) shares of Common Stock, (ii) one percent (1%) (x) 0.75% of the total number of all classes of the Company's common stock outstanding shares of Common Stock on the last day of the immediately preceding Fiscal Year, or (iii) an amount fiscal year and (y) a lower number of shares of Common Stock as determined by the Administrator. Board. Notwithstanding anything in this Section 13(a) to the contrary, the number of shares of Common Stock that may be issued or transferred pursuant to the rights granted under the 423 Component of the Plan shall not exceed an aggregate of 12,825,000 shares, subject to Section 19. (b) Until the shares of Common Stock are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), a Participant will only have only the rights of an unsecured creditor with respect to such shares, and no right to vote or receive dividends or any other rights as a stockholder will exist with respect to such shares. 9 (c) Shares of Common Stock to be delivered to a Participant under the Plan will be registered in the name of the Participant or in the name of the Participant and his or her spouse. View More
Stock. (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 that will which shall be made available for sale under the Plan will shall be 642,857 shares of Common Stock. The number of shares of Common Stock available for issuance under the Plan will be increased on the first day of each Fiscal Year beginning with the 2022 Fiscal Year equal to the least of (i) shares of Common Stock..., (ii) one percent (1%) of the outstanding shares of Common Stock on the last day of the immediately preceding Fiscal Year, or (iii) an amount determined by the Administrator. (b) Until (b)Until the shares of Common Stock are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), a Participant will shall only have only the rights of an unsecured creditor with respect to such shares, and no right to vote or receive dividends or any other rights as a stockholder will shareholder shall exist with respect to such shares. (c) Shares (c)Shares of Common Stock to be delivered to a Participant under the Plan will shall be registered in the name of the Participant or in the name of the Participant and his or her spouse. View More
Stock. (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 Common Stock that which will be made available for sale under the Plan will be shares of Common Stock. The number of shares of Common Stock available for issuance under the Plan will 208,050 shares, plus an annual increase to be increased added on the first day of each Fiscal Year beginning with the 2022 2019 Fiscal Year Year, equal to the least les...ser of (i) shares of Common Stock, (ii) one two percent (1%) (2%) of the outstanding shares of Common Stock on the last day of the immediately preceding Fiscal Year, such date or (iii) (ii) an amount determined by the Administrator. (b) Until (b)Until the shares of Common Stock are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), a Participant participant will only have only the rights of an unsecured creditor with respect to such shares, and no right to vote or receive dividends or any other rights as a stockholder will exist with respect to such shares. (c) Shares {01368/0003/00217498.1} -8- (c)Shares of Common Stock to be delivered to a Participant participant under the Plan will be registered in the name of the Participant participant or in the name of the Participant participant and his or her spouse. View More
Stock. (a) Subject to adjustment upon changes in capitalization of the Company as provided in Section 19 hereof, the maximum number of shares of Common Stock that which will be made available for sale under the Plan will be shares of Common Stock. The number of shares of Common Stock available for issuance under the Plan will be increased on the first day of each Fiscal Year beginning with the 2022 Fiscal Year equal to the least of (i) shares of Common Stock, (ii) one percent (1%) of the outstanding sh...ares of Common Stock on the last day of the immediately preceding Fiscal Year, or (iii) an amount determined by the Administrator. thirty-five million (35,000,000) shares. (b) Until the shares of Common Stock are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), a Participant participant will only have only the rights of an unsecured creditor with respect to such shares, and no right to vote or receive dividends or any other rights as a stockholder will exist with respect to such shares. (c) Shares of Common Stock to be delivered to a Participant participant under the Plan will be registered in the name of the Participant or participant or, at the sole discretion of the Company, in the name of the Participant participant and his or her spouse. View More
Stock. (a) Subject to adjustment upon changes in capitalization of the Company as provided in Section 19 hereof, 19, the maximum number of shares of Common Stock that will which are authorized to be made available for sale sold under the Plan will be since its adoption is 5,000,000 shares of Common Stock. The number of shares of Common Stock available for issuance under the Plan will be increased on the first day of each Fiscal Year beginning with the 2022 Fiscal Year equal to the least of (i) shares o...f Common Stock, (ii) one percent (1%) of the outstanding shares of Common Stock on the last day of the immediately preceding Fiscal Year, or (iii) an amount determined by the Administrator. (b) Until the shares of Common Stock are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), a Participant participant will only have only the rights of an unsecured creditor with respect to such shares, and no right to vote or receive dividends or any other rights as a stockholder will exist with respect to such shares. (c) Shares of Common Stock to be delivered to a Participant participant under the Plan will be registered in the name of the Participant participant or in the name of the Participant participant and his or her spouse. View More
Stock. (a) Subject to adjustment upon changes in capitalization of the Company as provided in Section 19 hereof, the maximum number of shares of Common Stock that which will be made available for sale under the Plan will be shares of Common Stock. The number of shares of Common Stock available for issuance under the Plan will be increased on the first day of each Fiscal Year beginning with the 2022 Fiscal Year equal to the least of (i) shares of Common Stock, (ii) one percent (1%) of the outstanding sh...ares of Common Stock on the last day of the immediately preceding Fiscal Year, or (iii) an amount determined by the Administrator. forty-three million (43,000,000) shares. (b) Until the shares of Common Stock are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), a Participant participant will only have only the rights of an unsecured creditor with respect to such shares, and no right to vote or receive dividends or any other rights as a stockholder will exist with respect to such shares. (c) Shares of Common Stock to be delivered to a Participant participant under the Plan will be registered in the name of the Participant or participant or, at the sole discretion of the Company, in the name of the Participant participant and his or her spouse. View More
Stock. (a) Subject to adjustment upon changes in capitalization of the Company as provided in Section 19 18 hereof, the maximum number of shares of Common Stock that will be made available for sale under the Plan will be one million three hundred thousand (1,300,000) shares of Common Stock. The number of shares of Common Stock available for issuance under the Plan will be increased on the first day of each Fiscal Year beginning with the 2022 Fiscal Year equal to the least of (i) shares of Common Stock,... (ii) one percent (1%) of the outstanding shares of Common Stock on the last day of the immediately preceding Fiscal Year, or (iii) an amount determined by the Administrator. (b) Until the shares of Common Stock are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), a Participant will only have only the rights of an unsecured creditor with respect to such shares, and no right to vote or receive dividends or any other rights as a stockholder will exist with respect to such shares. 7 (c) Shares of Common Stock to be delivered to a Participant under the Plan will be registered in the name of the Participant or in the name of the Participant and his or her spouse. View More
