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: Award Agreement (Covanta Holding Corp), Danielson Holding Corp, Covanta Energy 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: The Agreement and Plan of Merger (Angstrom Technologies Corp.), The Agreement and Plan of Merger (Angstrom Technologies Corp.), The Agreement and Plan of Merger (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
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.
Appears in 1 contract
Samples: Danielson Holding Corp
