Stock Clause Example with Variations from Business Contracts

Stock. (a) The stock subject to Options shall be common stock of the Company as traded on the NASDAQ or on such other exchange as the Shares may be listed. (b) Subject to adjustment upon changes in capitalization of the Company as provided in Section 18 hereof, the maximum number of Shares which shall be made available for sale under the Plan shall be 2,500,000 687,218 Shares. In addition, subject to adjustments upon changes in capitalization of the Company as provided in Section 18 hereof, the... maximum number of Shares which shall be made available for sale under the Plan shall automatically increase on the first day of each fiscal year, beginning with the fiscal year ending December 31, 2021, and continuing until (and including) the fiscal year ending December 31, 2030, with such annual increase equal to the lesser of (i) 687,218 Shares, (ii) 1% of the number of Shares issued and outstanding on December 31 of the immediately preceding fiscal year, and (iii) an amount determined by the Board. If, on a given Exercise Date, the number of Shares with respect to which Options are to be exercised exceeds the number of Shares then available under the Plan, the Committee shall make a pro rata allocation of the Shares remaining available for purchase in as uniform a manner as shall be practicable and as it shall determine to be equitable. (c) A Participant shall have no interest or voting right in Shares covered by his or her Option until such Option has been exercised and the Participant has become a holder of record of Shares acquired pursuant to such exercise. 8 16. DESIGNATION OF BENEFICIARY. The Committee may permit Participants to designate beneficiaries to receive any Purchased Shares or payroll deductions, if any, in the Participant's accounts under the Plan in the event of such Participant's death. Beneficiary designations shall be made in accordance with procedures prescribed by the Committee. If no properly designated beneficiary survives the Participant, the Purchased Shares and payroll deductions, if any, will be distributed to the Participant's estate. View More

Stock. (a) The stock subject to Options maximum number of shares of Common Stock which shall be common stock of made available for sale under the Company as traded on the NASDAQ or on such other exchange as the Shares may Plan shall be listed. (b) Subject 19,500,000 shares, subject to adjustment upon changes in capitalization of the Company as provided in Section paragraph 18. hereof, the maximum number of Shares which shall be made available for sale under the Plan shall be 2,500,000 Shares. If, If... on a given Exercise Date, Date the number of Shares shares with respect to which Options options are to be exercised exceeds the number of Shares shares then available under the Plan, Plan or the Committee Maximum Offering, if any, the Company shall make a pro rata allocation of the Shares shares remaining available for purchase in as uniform a manner as shall be practicable and as it shall determine to be equitable. (c) A Participant The pro rata allocation shall be limited, in the case of exceeding the Maximum Offering, to those participants in the countries, locations or Designated Subsidiaries in the specified Maximum Offering. (b) The participant will have no interest or voting right in Shares shares covered by his or her Option option until such Option option has been exercised exercised. (c) Shares 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 the Participant has become a holder of record of Shares acquired pursuant to such exercise. his or her spouse. View More

Stock. (a) The (a)The stock subject to Options shall be common stock of the Company as traded on the NASDAQ or on such other exchange as the Shares may be listed. (b) Subject 7 (h)Subject to adjustment upon changes in capitalization of the Company as provided in Section 18 hereof, the maximum number of Shares which shall be made available for sale under the Plan shall be 2,500,000 687,218 Shares. In addition, subject to adjustments upon changes in capitalization of the Company as provided in Section... 18 hereof, the maximum number of Shares which shall be made available for sale under the Plan shall automatically increase on the first day of each fiscal year, beginning with the fiscal year ending December 31, 2021, and continuing until (and including) the fiscal year ending December 31, 2030, with such annual increase equal to the lesser of (i) 687,218 Shares, (ii) 1% of the number of Shares issued and outstanding on December 31 of the immediately preceding fiscal year, and (iii) an amount determined by the Board. If, on a given Exercise Date, the number of Shares with respect to which Options are to be exercised exceeds the number of Shares then available under the Plan, the Committee shall make a pro rata allocation of the Shares remaining available for purchase in as uniform a manner as shall be practicable and as it shall determine to be equitable. (c) A (i)A Participant shall have no interest or voting right in Shares covered by his or her Option until such Option has been exercised and the Participant has become a holder of record of Shares acquired pursuant to such exercise. View More

Stock. (a) The stock subject to Options shall be common stock of the Company as traded on the NASDAQ or on such other exchange as the Shares may be listed. (b) Subject to adjustment upon changes in capitalization of the Company as provided in Section 18 hereof, the maximum number of Shares which shall be made available for sale under the Plan shall be 2,500,000 338,106 Shares. In addition, subject to adjustments upon changes in capitalization of the Company as provided in Section 18 hereof, the... maximum number of Shares which shall be made available for sale under the Plan shall automatically increase on the first day of each fiscal year, beginning with the fiscal year ending December 31, 2022, and continuing until (and including) the fiscal year ending December 31, 2030, with such annual increase equal to the lesser of (i) 338,106 Shares, (ii) 1% of the number of Shares issued and outstanding on December 31 of the immediately preceding fiscal year, and (iii) an amount determined by the Board. If, on a given Exercise Date, the number of Shares with respect to which Options are to be exercised exceeds the number of Shares then available under the Plan, the Committee shall make a pro rata allocation of the Shares remaining available for purchase in as uniform a manner as shall be practicable and as it shall determine to be equitable. (c) A Participant shall have no interest or voting right in Shares covered by his or her Option until such Option has been exercised and the Participant has become a holder of record of Shares acquired pursuant to such exercise. View More

Stock. (a) The (a)The stock subject to Options shall be common stock of the Company as traded on the NASDAQ or on such other exchange as the Shares may be listed. (b) Subject 8 (b)Subject to adjustment upon changes in capitalization of the Company as provided in Section 18 hereof, the maximum number of Shares which shall be made available for sale under the Plan shall be 2,500,000 687,218 Shares. In addition, subject to adjustments upon changes in capitalization of the Company as provided in Section... 18 hereof, the maximum number of Shares which shall be made available for sale under the Plan shall automatically increase on the first day of each fiscal year, beginning with the fiscal year ending December 31, 2021, and continuing until (and including) the fiscal year ending December 31, 2030, with such annual increase equal to the lesser of (i) 687,218 Shares, (ii) 1% of the number of Shares issued and outstanding on December 31 of the immediately preceding fiscal year, and (iii) an amount determined by the Board. If, on a given Exercise Date, the number of Shares with respect to which Options are to be exercised exceeds the number of Shares then available under the Plan, the Committee shall make a pro rata allocation of the Shares remaining available for purchase in as uniform a manner as shall be practicable and as it shall determine to be equitable. (c) A (c)A Participant shall have no interest or voting right in Shares covered by his or her Option until such Option has been exercised and the Participant has become a holder of record of Shares acquired pursuant to such exercise. View More

Stock. (a) The stock subject to Options shall be common stock of the Company as traded on the NASDAQ or on such other exchange as the Shares may be listed. (b) Subject to adjustment upon changes in capitalization of the Company as provided in Section 18 hereof, the maximum number of Shares which shall be made available for sale under the Plan shall be 2,500,000 1,800,000 Shares. In addition, subject to adjustments upon changes in capitalization of the Company as provided in Section 18 hereof, the... maximum number of Shares which shall be made available for sale under the Plan shall automatically increase on the first day of each fiscal year, beginning with the fiscal year ending January 31, 2022, and continuing until (and including) the fiscal year ending January 31, 2031, with such annual increase equal to the lesser of (i) 1,800,000 Shares, (ii) 1% of the number of Shares issued and outstanding on January 31 of the immediately preceding fiscal year, and (iii) an amount determined by the Board. If, on a given Exercise Date, the number of Shares with respect to which Options are to be exercised exceeds the number of Shares then available under the Plan, the Committee shall make a pro rata allocation of the Shares remaining available for purchase in as uniform a manner as shall be practicable and as it shall determine to be equitable. 6 (c) A Participant shall have no interest or voting right in Shares covered by his or her Option until such Option has been exercised and the Participant has become a holder of record of Shares acquired pursuant to such exercise. View More

Stock. (a) The stock subject to Options maximum number of shares of Common Stock which shall be common stock of made available for sale under the Company as traded on the NASDAQ or on such other exchange as the Shares may Plan shall be listed. (b) Subject Two Million (2,000,000) shares, subject to adjustment upon changes in capitalization of the Company as provided in Section 18 hereof, the maximum number of Shares which shall be made available for sale under the Plan shall be 2,500,000 Shares. If, hereof. If on a given Exercise Date, Date the number of Shares shares with respect to which Options options are to be exercised exceeds the number of Shares shares then available under the Plan, the Committee Company shall make a pro rata allocation of the Shares shares remaining available for purchase in as uniform a manner as shall be practicable and as it shall determine to be equitable. (c) A Participant shall (b) No participant will have no an interest or voting right in Shares shares covered by his or her Option option until such Option option has been exercised exercised. (c) Shares to be issued to a participant under the Plan will be registered in the record or beneficial name of the participant or in the record or beneficial name of the participant and the Participant has become a holder of record of Shares acquired pursuant to such exercise. his or her spouse. View More

Stock. (a) The stock subject to Options shall be common stock of the Company as traded on the NASDAQ or on such other exchange as the Shares may be listed. (b) Subject to adjustment upon changes in capitalization of the Company as provided in Section 18 hereof, the maximum number of Shares which shall be made available for sale under the Plan shall be 2,500,000 2,700,000 Shares. In addition, subject to adjustments upon changes in capitalization of the Company as provided in Section 18 hereof, the... maximum number of Shares which shall be made available for sale under the Plan shall automatically increase on the first Business Day in January of each calendar year, commencing with calendar year 2022 and continuing until (and including) the calendar year 2031, with 6 such annual increase equal to the lesser of (i) 700,000 Shares, (ii) 1% of the number of Shares issued and outstanding on December 31 of the immediately preceding calendar year, and (iii) an amount determined by the Board. If, on a given Exercise Date, the number of Shares with respect to which Options are to be exercised exceeds the number of Shares then available under the Plan, the Committee shall make a pro rata allocation of the Shares remaining available for purchase in as uniform a manner as shall be practicable and as it shall determine to be equitable. (c) A Participant shall have no interest or voting right in Shares covered by his or her Option until such Option has been exercised and the Participant has become a holder of record of Shares acquired pursuant to such exercise. View More

Stock. (a) The stock subject to Options maximum number of shares of Common Stock which shall be common stock of made available for sale under the Company as traded on the NASDAQ or on such other exchange as the Shares may Plan shall be listed. (b) Subject eight million eight hundred fifty thousand (8,850,000) shares, subject to adjustment upon changes in capitalization of the Company as provided in Section 18 hereof, the maximum number of Shares which shall be made available for sale under the Plan... shall be 2,500,000 Shares. hereof. If, on a given Exercise Date, the number of Shares shares with respect to which Options options are to be exercised exceeds the number of Shares shares then available under the Plan, the Committee Company shall make a pro rata allocation of the Shares shares remaining available for purchase in as uniform a manner as shall be practicable and as it shall determine to be equitable. (c) A Participant (b) The participant shall have no interest or voting right in Shares shares covered by his option until such option has been exercised. (c) Shares purchased by a participant under the Plan shall be registered in the name of the participant or in the name of the participant and his or her Option until such Option has been exercised and the Participant has become a holder of record of Shares acquired pursuant to such exercise. spouse. View More

Stock. (a) The stock subject to Options shall be common stock of the Company as traded on the NASDAQ or on such other exchange as the Shares may be listed. (b) Subject to adjustment upon changes in capitalization of the Company as provided in Section 18 hereof, the maximum number of Shares shares of the Company's Common Stock which shall be made available for sale under the Plan shall be 2,500,000 Shares. 575,000 shares. If, on a given Exercise Date, the number of Shares shares with respect to which ... class="diff-color-red">Options options are to be exercised exceeds the number of Shares shares then available under the Plan, the Committee shall make a pro rata allocation of the Shares shares remaining available for purchase among the participants in as uniform a such manner as shall be practicable and as it shall may determine to be equitable. (c) A Participant in its sole discretion. (b) The participant shall have no interest or voting right in Shares shares covered by his or her Option option until such Option option has been exercised and the Participant has become a holder of record of Shares acquired pursuant to such exercise. exercised. View More

Found in ARI NETWORK SERVICES INC contract