Common use of Basic Limitation Clause in Contracts

Basic Limitation. Common Shares issued pursuant to the Plan may be authorized but unissued shares or treasury shares. The aggregate number of Common Shares underlying Awards that are reserved for issuance under the Plan shall not exceed (a) 1,250,000 Common Shares plus (b) the number of Common Shares that remain available for issuance on the Effective Date under the Predecessor Plan plus (c) the additional Common Shares described in Sections 3.2 and 3.3.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Motive Inc), Restricted Stock Agreement (Motive Inc)

AutoNDA by SimpleDocs

Basic Limitation. Common Shares issued pursuant to the Plan may be authorized but unissued shares or treasury shares. The aggregate number of Common Shares underlying Awards that are reserved for issuance issued under the Plan shall not exceed (a) 1,250,000 1,500,000 Common Shares. The number of Common Shares plus (b) that are subject to Awards outstanding at any time under the Plan shall not exceed the number of Common Shares that then remain available for issuance on the Effective Date under the Predecessor Plan plus (c) the additional Common Shares described in Sections Plan. The limitations of this Section 3.1 and Section 3.2 and 3.3shall be subject to adjustment pursuant to Article 11.

Appears in 1 contract

Samples: Inducement Equity Incentive Plan (Riverbed Technology, Inc.)

Basic Limitation. Common Shares issued pursuant to the Plan may be authorized but unissued shares or treasury shares. The aggregate number of Common Shares underlying Awards that are reserved for issuance issued under the Plan shall not exceed (a) 1,250,000 Common Shares 400,000 plus (b) the number of Common Shares that remain available for issuance on the Effective Date under the Predecessor Plan plus (c) the additional Common Shares described in Sections 3.2 and 3.3Section 3.2. The number of Common Shares that are subject to Awards outstanding at any time under the Plan shall not exceed the number of Common Shares that then remain available for issuance under the Plan. The limitations of this Section 3.1 shall be subject to adjustment pursuant to Article 10.

Appears in 1 contract

Samples: 2007 New Employee Stock Incentive Plan (Blue Coat Systems Inc)

AutoNDA by SimpleDocs

Basic Limitation. Common Shares issued pursuant to the Plan may be authorized but unissued shares or treasury shares. The aggregate number of Common Shares underlying Awards that are reserved for issuance issued under the Plan shall not exceed (a) 1,250,000 Common Shares 500,000 plus (b) the number of Common Shares that remain available for issuance on the Effective Date under the Predecessor Plan plus (c) the additional Common Shares described in Sections 3.2 and 3.3Section 3.2. The number of Common Shares that are subject to Awards outstanding at any time under the Plan shall not exceed the number of Common Shares that then remain available for issuance under the Plan. The limitations of this Section 3.1 shall be subject to adjustment pursuant to Article 10.

Appears in 1 contract

Samples: 2008 New Employee Equity Incentive Plan (Theravance Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!