Common use of Effect on Available Shares Clause in Contracts

Effect on Available Shares. All SARs that may be settled in shares of the Company’s stock shall be counted in full against the number of shares available for award under the Plan, regardless of the number of shares actually issued upon settlement of the SARs.

Appears in 6 contracts

Samples: Employment Agreement (Commerce Energy Group, Inc.), Stock Option Award Agreement (Commerce Energy Group, Inc.), Restricted Share Award Agreement (Commerce Energy Group Inc)

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Effect on Available Shares. All SARs that may be settled in shares of the Company’s 's stock shall be counted in full against the number of shares available for award under the Plan, regardless of the number of shares actually issued upon settlement of the SARs.

Appears in 3 contracts

Samples: Stock Option Award Agreement (Commerce Energy Group, Inc.), Employment Agreement (Commerce Energy Group, Inc.), Restricted Share Award Agreement (Commerce Energy Group, Inc.)

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