Grants Exceeding Allotted Shares. If the Stock covered by an Award exceeds, as of the date of grant, the number of Shares which may be issued under the Plan without additional stockholder approval, such Award shall be void with respect to such excess Shares, unless stockholder approval of an amendment sufficiently increasing the number of Shares subject to the Plan is timely obtained in accordance with Applicable Law and Section 16(b) of the Plan.
Appears in 4 contracts
Samples: Equity Award Plan (Covanta Holding Corp), Equity Award Plan (Danielson Holding Corp), Equity Award Plan (Covanta Holding Corp)
Grants Exceeding Allotted Shares. If the Covered Stock covered by an Award exceeds, as of the date of grant, the number of Shares which that may be issued under the Plan without additional stockholder shareholder approval, such Award shall be void with respect to such excess SharesCovered Stock, unless stockholder shareholder approval of an amendment sufficiently increasing the number of Shares subject to the Plan is timely obtained in accordance with Applicable Law and Section 16(b) 13 of the Plan.
Appears in 3 contracts
Samples: Merger Agreement (Angstrom Technologies Corp.), Merger Agreement (Angstrom Technologies Corp.), Stock Incentive Plan (Angstrom Technologies Corp.)
Grants Exceeding Allotted Shares. If the Awarded Stock covered by an Award exceeds, as of the date of grant, the number of Shares which may be issued under the Plan without additional stockholder approval, such Award shall be void with respect to such excess SharesAwarded Stock, unless stockholder approval of an amendment sufficiently increasing the number of Shares subject to the Plan is timely obtained in accordance with Applicable Law and Section 16(b) of the Plan15(b).
Appears in 1 contract
Samples: Incentive Stock Plan (General Growth Properties Inc)
Grants Exceeding Allotted Shares. If the Stock covered by an Award exceeds, as of the date of grant, the number of Shares which may be issued under the Plan without additional stockholder approval, such Award shall be void with respect to such excess Shares, unless stockholder approval of an amendment sufficiently increasing the number of Shares subject to the Plan is timely obtained in accordance with Applicable Law and Section 16(b17(b) of the Plan.
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