Amount of Common Stock Sample Clauses
The 'Amount of Common Stock' clause defines the specific number or proportion of common shares that are subject to a particular agreement or transaction. This clause typically outlines how many shares are being issued, transferred, or reserved, and may specify conditions under which the amount can be adjusted, such as stock splits or additional issuances. Its core function is to provide clarity and certainty regarding the quantity of common stock involved, thereby preventing disputes and ensuring all parties understand their rights and obligations related to share ownership.
Amount of Common Stock. Pursuant to the Plan, the Employee shall be permitted to purchase, in the Company's currently pending underwritten public offering of Common Stock (the "Public Offering") or from the Company, as determined by the Company, shares of Common Stock with an aggregate value of up to $999,990.50 (the "Shares"), which amount shall not exceed five (5) times the Employee's current annual base salary. Such purchase must occur, if at all, on or within thirty (30) days following the Effective Date, or the rights granted in Section 1 and this Section shall terminate.