Common use of Grant Limits Clause in Contracts

Grant Limits. The maximum aggregate Fair Market Value (determined at the time an Option is granted) of the Stock with respect to which Incentive Stock Options are exercisable for the first time by a Participant during any calendar year (under all plans of the Company, a Parent and a Subsidiary) shall not exceed $100,000.

Appears in 5 contracts

Samples: 2004 Stock Incentive Plan (Build a Bear Workshop Inc), 2004 Stock Incentive Plan (Build a Bear Workshop Inc), 2004 Stock Incentive Plan (Build a Bear Workshop Inc)

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