Excessive Shares Sample Clauses
The Excessive Shares clause limits the number of shares that can be issued or held by a party beyond a specified threshold. In practice, this clause may restrict shareholders from acquiring more than a certain percentage of the company's total shares, or it may trigger specific actions if the threshold is exceeded, such as forced divestment or loss of voting rights. Its core function is to prevent any single party from gaining disproportionate control or influence over the company, thereby maintaining balanced governance and protecting the interests of all shareholders.
Excessive Shares. In the event that the number of Shares subject to this Option exceeds any maximum established under the Code for Incentive Stock Options that may be granted to Optionee, or in the event that this Option becomes first exercisable in any calendar year to obtain Common Stock having a Fair Market Value (determined at the time of grant) in excess of $100,000, this Option shall be treated as a Non-Qualified Stock Option to the extent of such excess. The proceeding sentence shall be interpreted consistently with the provisions of Section 422(d) of the Code.
Excessive Shares. In the event that the number of Shares subject to this Option exceeds any maximum established under the Code for incentive stock options that may be granted to the Optionee, this Option shall be considered a non-qualified option for purposes of the Code to the extent of such excess.
Excessive Shares. In the event that the number of Shares subject to this Option exceeds any maximum established under the Code for Incentive Stock Options that may be granted to Optionee, or in the event that any part of this Option (as aggregated with all other Incentive Stock Options held by the Grantee) becomes first exercisable in any calendar year to obtain Common Stock having a Fair Market Value (determined at the time of grant) in excess of One Hundred Thousand and No/100 Dollars ($100,000.00), this Option shall be treated as a Non-Qualified Stock Option to the extent of such excess. The proceeding sentence shall be interpreted consistently with the provisions of Section 422(d) of the Code. (remainder of page left blank intentionally)
Excessive Shares. In the event that the number of shares subject to this Option exceeds any maximum established under the Code for Incentive Stock Options that may be granted to Optionee, or in the event that this Option becomes first exercisable in any calendar year to obtain Common Stock having a fair market value (determined at the time of grant) in excess of $100,000, this Option shall be treated as a Non-Qualified Stock Option to the extent of such excess. If the exercise of the Option is accelerated by reason of a Change in Control, any portion of such Option that is not exercisable as an Incentive Stock Option by reason of the $100,000 limitation contained in Section 422(d) of the Code shall be treated as a Non-Qualified Stock Option.
Excessive Shares. In the event that the number of shares subject to the Option exceeds any maximum established under the Internal Revenue Code for Incentive Stock Options that may be granted to Optionee, or in the event that the Option becomes first exercisable in any calendar year to obtain Common Stock having a fair market value (determined at the time of grant) in excess of $100,000, the Option shall be treated as a Non-Qualified Stock Option to the extent of such excess. If the exercise of the Option is accelerated by reason of a Change in Control (as that term is defined in the Plan), any portion of such Option that is not exercisable as an Incentive Stock Option by reason of the $100,000 limitation contained in Section 422(d) of the Internal Revenue Code shall be treated as a Non-Qualified Stock Option. 6
Excessive Shares. In the event that the number of Shares of ISO Option Stock subject to this Option exceeds any maximum established under the Code for incentive stock options that may be granted to the Optionee, such excess Shares shall be considered non-qualified option stock for purposes of the Code.
Excessive Shares. In the event that the number of shares of Common Stock subject to this Option exceeds any maximum number established under the Code which may be treated as incentive stock options, this Option shall not be treated as an incentive stock option to the extent of such excess number of shares but shall otherwise remain in full force and effect.