Stock Clause Example with 7 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) The maximum number of shares of Common Stock which shall be made available for sale under the Plan shall be 750,000 shares, subject to adjustment upon changes in capitalization of the Company as provided in Section 18. If the Administrator determines that on a given Exercise Date the number of shares with respect to which Options are to be exercised may exceed: (x) the number of shares then available for sale under the Plan; or (y) the number of shares available for sale under the Plan on th...e Offering Date(s) of one or more of the Offer Periods in which such Exercise Date is to occur, the Administrator may make an allocation of the shares remaining available for purchase on such Offering Dates or Exercise Date, as applicable, and shall either continue the Offer Period then in effect or terminate any one or more Offer Periods then in effect pursuant to Section 19, below. Such allocation method shall be "bottom up," with the result that all Option exercises for one (1) share shall be satisfied first, followed by all exercises for two (2) shares, and so on, until all available shares have been exhausted. Any amount remaining in a Participant's payroll account following such allocation shall be returned to the Participant and shall not be carried over to any future Purchase Period or Offer Period, as determined by the Administrator. (b) A Participant will have no interest or voting right in shares covered by the Participant's Option until such shares are actually purchased on the Participant's behalf in accordance with the applicable provisions of the Plan. No adjustment shall be made for dividends, distributions or other rights for which the record date is prior to the date of such purchase. (c) Shares to be delivered to a Participant under the Plan will be registered in the name of the Participant.View More
Variations of a "Stock" Clause from Business Contracts
Stock. (a) The maximum number of shares of Common Stock which shall be made available for sale under the Plan shall be 750,000 shares, subject Subject to adjustment upon changes in capitalization of the Company as provided in Section 18. 18, the maximum number of shares of Common Stock which will be made available for sale under the Plan is [●] shares, plus an annual increase to be added on the first business day of the calendar year beginning with the calendar year following the calendar year in which... the Plan becomes effective equal to the least of: (i) [●] shares; (ii) [●] percent of the outstanding shares of Common Stock on the last day of the immediately preceding calendar year; or (iii) a lesser number of shares determined by the Administrator. If the Administrator determines that on a given Exercise Date the number of shares with respect to which Options are to be exercised may exceed: (x) the number of shares then available for sale under the Plan; or (y) the number of shares available for sale under the Plan on the Offering Date(s) of one or more of the Offer Periods in which such Exercise Date is to occur, the Administrator may make an a pro rata allocation of the shares remaining available for purchase on such Offering Dates or Exercise Date, as applicable, and shall will either continue the Offer Period then in effect or terminate any one or more Offer Periods then in effect pursuant to Section 19, below. Such allocation method shall will be "bottom up," with the result that all Option exercises for one (1) share shall will be satisfied first, followed by all exercises for two (2) shares, and so on, until all available shares have been exhausted. Any amount remaining in a Participant's payroll account following such allocation shall will be returned to the Participant and shall will not be carried over to any future Purchase Period or Offer Period, as determined by the Administrator. (b) A Participant will have no interest or voting right in shares covered by the Participant's Option until such shares are actually purchased on the Participant's behalf in accordance with the applicable provisions of the Plan. No adjustment shall will be made for dividends, distributions or other rights for which the record date is prior to the date of such purchase. (c) Shares to be delivered to a Participant under the Plan will be registered in the name of the Participant. 8 13. Administration. The Plan will be administered by the Administrator, which will have full and exclusive discretionary authority to construe, interpret and apply the terms of the Plan, to determine eligibility, to determine, with respect to each Offer Period, whether the Purchase Price will be determined as of (i) the Exercise Date or (ii) as of the Offering Date or the Exercise Date (whichever is lower), to adjudicate all disputed claims filed under the Plan, and to designate separate Offerings for the eligible Employees of the Company and one or more Designated Parents or Subsidiaries, in which case the Offerings will be considered separate even if the dates of each such Offering are identical and the provisions of the Plan will separately apply to each Offering. Every finding, decision and determination made by the Administrator will, to the full extent permitted by Applicable Law, be final and binding upon all persons. View More
Stock. (a) The maximum number of shares of Common Stock which shall be made available for sale under the Plan shall be 750,000 shares, subject Subject to adjustment upon changes in capitalization of the Company as provided in Section 18. 18, the maximum number of shares of Common Stock which will be made available for sale under the Plan is 431,750 shares, plus an annual increase to be added on the first business day of the calendar year beginning with the calendar year following the calendar year in w...hich the Plan becomes effective equal to the least of: (i) 300,000 shares; (ii) 0.3% of the outstanding shares of Common Stock on the last day of the immediately preceding calendar year; or (iii) a lesser number of shares determined by the Administrator. If the Administrator determines that on a given Exercise Date the number of shares with respect to which Options are to be exercised may exceed: (x) the number of shares then available for sale under the Plan; or (y) the number of shares available for sale under the Plan on the Offering Date(s) of one or more of the Offer Periods in which such Exercise Date is to occur, the Administrator may make an a pro rata allocation of the shares remaining available for purchase on such Offering Dates or Exercise Date, as applicable, and shall will either continue the Offer Period then in effect or terminate any one or more Offer Periods then in effect pursuant to Section 19, 19 below. Such allocation method shall will be "bottom up," with the result that all Option exercises for one (1) share shall will be satisfied first, followed by all exercises for two (2) shares, and so on, until all available shares have been exhausted. Any amount remaining in a Participant's payroll account following such allocation shall will be returned to the Participant and shall will not be carried over to any future Purchase Period or Offer Period, as determined by the Administrator. (b) A Participant will have no interest or voting right in shares covered by the Participant's Option until such shares are actually purchased on the Participant's behalf in accordance with the applicable provisions of the Plan. No adjustment shall will be made for dividends, distributions or other rights for which the record date is prior to the date of such purchase. (c) Shares to be delivered to a Participant under the Plan will be registered in the name of the Participant. 8 13. Administration. The Plan will be administered by the Administrator, which will have full and exclusive discretionary authority to construe, interpret and apply the terms of the Plan, to determine eligibility, to determine, with respect to each Offer Period, whether the Purchase Price will be determined as of (i) the Exercise Date or (ii) as of the Offering Date or the Exercise Date (whichever is lower), to adjudicate all disputed claims filed under the Plan, and to designate separate Offerings for the eligible Employees of the Company and one or more Designated Parents or Subsidiaries, in which case the Offerings will be considered separate even if the dates of each such Offering are identical and the provisions of the Plan will separately apply to each Offering. Every finding, decision and determination made by the Administrator will, to the full extent permitted by Applicable Law, be final and binding upon all persons. View More
Stock. (a) The maximum number of shares of Common Stock which shall be made available for sale under the Plan shall be 750,000 two million seven hundred thousand (2,700,000) shares, subject to adjustment upon changes in capitalization of the Company as provided in Section 18. -8- With respect to any amendment to increase the total number of shares of Common Stock under the Plan, the Administrator shall have discretion to disallow the purchase of any increased shares of Common Stock for Offer Periods in... existence prior to such increase. If the Administrator determines that on a given Exercise Date the number of shares with respect to which Options options are to be exercised may exceed: exceed (x) the number of shares then available for sale under the Plan; Plan or (y) the number of shares available for sale under the Plan on the Offering Enrollment Date(s) of one or more of the Offer Periods in which such Exercise Date is to occur, the Administrator may make an a pro rata allocation of the shares remaining available for purchase on such Offering Enrollment Dates or Exercise Date, as applicable, in as uniform a manner as shall be practicable and as it shall determine to be equitable, and shall either continue the all Offer Period Periods then in effect or terminate any one or more Offer Periods then in effect pursuant to Section 19, below. Such allocation method shall be "bottom up," with the result that all Option exercises for one (1) share shall be satisfied first, followed by all exercises for two (2) shares, and so on, until all available shares have been exhausted. Any amount remaining in a Participant's payroll account following such pro rata allocation shall be returned to the Participant and shall not be carried over to any future Purchase Period or Offer Period, as determined by the Administrator. (b) A Participant will have no interest or voting right in shares covered by the Participant's Option option until such shares are actually purchased on the Participant's behalf in accordance with the applicable provisions of the Plan. No adjustment shall be made for dividends, distributions or other rights for which the record date is prior to the date of such purchase. (c) Shares to be delivered to a Participant under the Plan will be registered in the name of the Participant. Participant or in the name of the Participant and his or her spouse as designated in the Participant's subscription agreement. View More
Stock. (a) The maximum number of shares of Common Stock which shall be made available for sale under the Plan shall be 750,000 One Million Three Hundred Thousand (1,300,000) shares, subject to adjustment upon changes in capitalization of the Company as provided in Section 18. With respect to any amendment to increase the total number of shares of Common Stock under the Plan, the Administrator shall have discretion to disallow the purchase of any increased shares of Common Stock for Offer Periods in exi...stence prior to such increase. If the Administrator determines that on a given Exercise Date the number of shares with respect to which Options options are to be exercised may exceed: exceed (x) the number of shares then available for sale under the Plan; Plan or (y) the number of shares available for sale under the Plan on the Offering Date(s) of one or more of the Offer Periods in which such Exercise Date is to occur, the Administrator may make an a pro rata allocation of the shares remaining available for purchase on such Offering Dates or Exercise Date, as applicable, in as uniform a manner as shall be practicable and as it shall determine to be equitable, and shall either continue the all Offer Period Periods then in effect or terminate any one or more Offer Periods then in effect pursuant to Section 19, below. Such allocation method shall be "bottom up," with the result that all Option exercises for one (1) share shall be satisfied first, followed by all exercises for two (2) shares, and so on, until all available shares have been exhausted. 19. Any amount remaining in a Participant's payroll account following such pro rata allocation shall be returned to the Participant and shall not be carried over to any future Purchase Period or Offer Period, as determined by the Administrator. (b) A Participant will have no interest or voting right in shares covered by the Participant's Option option until such shares are actually purchased on the Participant's behalf in accordance with the applicable provisions of the Plan. No adjustment shall be made for dividends, distributions or other rights for which the record date is prior to the date of such purchase. (c) Shares to be delivered to a Participant under the Plan will be registered in the name of the Participant. View More
Stock. (a) The maximum number of shares of Common Stock which shall be made available for sale under the Plan shall be 750,000 shares, subject Subject to adjustment upon changes in capitalization of the Company as provided in Section 18. 18, the maximum number of shares of Common Stock which will be made available for sale under the Plan is 525,000 shares, plus an annual increase to be added on the first business day of the calendar year beginning with the calendar year following the calendar year in w...hich the Plan becomes effective equal to the least of: (i) 700,000 shares; (ii) 1 percent of the outstanding shares of Common Stock on the last day of the immediately preceding calendar year; or (iii) a lesser number of shares determined by the Administrator. If the Administrator determines that on a given Exercise Date the number of shares with respect to which Options are to be exercised may exceed: (x) the number of shares then available for sale 8 under the Plan; or (y) the number of shares available for sale under the Plan on the Offering Date(s) of one or more of the Offer Periods in which such Exercise Date is to occur, the Administrator may make an a pro rata allocation of the shares remaining available for purchase on such Offering Dates or Exercise Date, as applicable, and shall will either continue the Offer Period then in effect or terminate any one or more Offer Periods then in effect pursuant to Section 19, below. Such allocation method shall will be "bottom up," with the result that all Option exercises for one (1) share shall will be satisfied first, followed by all exercises for two (2) shares, and so on, until all available shares have been exhausted. Any amount remaining in a Participant's payroll account following such allocation shall will be returned to the Participant and shall will not be carried over to any future Purchase Period or Offer Period, as determined by the Administrator. (b) A Participant will have no interest or voting right in shares covered by the Participant's Option until such shares are actually purchased on the Participant's behalf in accordance with the applicable provisions of the Plan. No adjustment shall will be made for dividends, distributions or other rights for which the record date is prior to the date of such purchase. (c) Shares to be delivered to a Participant under the Plan will be registered in the name of the Participant. View More
Stock. (a) The maximum number of shares of Common Stock which shall be made available for sale under the Plan shall be 750,000 shares, subject Subject to adjustment upon changes in capitalization of the Company as provided in Section 18. 18, the maximum number of shares of Common Stock that may be issued pursuant to rights granted under the Plan shall be shares. In addition to the foregoing, on the first business day of each calendar year beginning with the calendar year following the calendar year in ...which the Plan becomes effective, the number of shares of Common Stock available for issuance 8 under the Plan shall be increased by that number of shares of Common Stock equal to the lesser of (i) one percent (1%) of the shares of Common Stock outstanding on the final day of the immediately preceding calendar year and (ii) such smaller number of shares of Common Stock as determined by the Administrator. If the Administrator determines that on a given Exercise Date the number of shares with respect to which Options are to be exercised may exceed: (x) the number of shares then available for sale under the Plan; or (y) the number of shares available for sale under the Plan on the Offering Date(s) of one or more of the Offer Periods in which such Exercise Date is to occur, the Administrator may make an a pro rata allocation of the shares remaining available for purchase on such Offering Dates or Exercise Date, as applicable, and shall will either continue the Offer Period then in effect or terminate any one or more Offer Periods then in effect pursuant to Section 19, below. Such allocation method shall will be "bottom up," with the result that all Option exercises for one (1) share shall will be satisfied first, followed by all exercises for two (2) shares, and so on, until all available shares have been exhausted. Any amount remaining in a Participant's payroll account following such allocation shall will be returned to the Participant and shall will not be carried over to any future Purchase Period or Offer Period, as determined by the Administrator. (b) A Participant will have no interest or voting right in shares covered by the Participant's Option until such shares are actually purchased on the Participant's behalf in accordance with the applicable provisions of the Plan. No adjustment shall will be made for dividends, distributions or other rights for which the record date is prior to the date of such purchase. (c) Shares to be delivered to a Participant under the Plan will be registered in the name of the Participant. View More
Stock. (a) A. The maximum number of shares of Common Stock which shall will be made available for sale under the Plan shall be 750,000 shares, is 1,833,857 shares of Common Stock outstanding immediately prior to the Registration Date, subject to adjustment upon changes in capitalization of the Company as provided in Section 18. If the Administrator determines that on a given Exercise Date the number of shares with respect to which Options are to be exercised may exceed: (x) the number of shares then av...ailable for sale under the Plan; or (y) the number of shares available for sale under the Plan on the Offering Date(s) of one or more of the Offer Periods in which such Exercise Date is to occur, the Administrator may make an a pro rata allocation of the shares remaining available for purchase on such Offering Dates or Exercise Date, as applicable, and shall will either continue the Offer Period then in effect or terminate any one or more Offer Periods then in effect pursuant to Section 19, below. Such allocation method shall will be "bottom up," with the result that all Option exercises for one (1) share shall will be satisfied first, followed by all exercises for two (2) shares, and so on, until all available shares have been exhausted. Any amount remaining in a Participant's payroll account following such allocation shall will be returned to the Participant and shall will not be carried over to any future Purchase Period or Offer Period, as determined by the Administrator. (b) 8 B. A Participant will have no interest or voting right in shares covered by the Participant's Option until such shares are actually purchased on the Participant's behalf in accordance with the applicable provisions of the Plan. No adjustment shall will be made for dividends, distributions or other rights for which the record date is prior to the date of such purchase. (c) C. Shares to be delivered to a Participant under the Plan will be registered in the name of the Participant. View More
