Common use of Awards Not to Exceed Shares Available Clause in Contracts

Awards Not to Exceed Shares Available. The number of Shares subject to Awards which have been granted under this Plan at any time during the Plan's term shall not, in the aggregate at any time, exceed the number of Shares authorized for issuance under the Plan. The number of Shares subject to a Stock Appreciation Right that is settled in cash shall count as Shares issued under the Plan and shall not again be available for grant or issuance under the Plan. The number of Shares subject to an Award which expires, is canceled, is forfeited or is terminated for any reason, shall again be available for issuance under the Plan.

Appears in 4 contracts

Samples: 1995 Long Term Incentive Plan (Canargo Energy Corp), 1995 Long Term Incentive Plan (Fountain Oil Inc), 1995 Long Term Incentive Plan (Fountain Oil Inc)

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