Limitation on Options. 18 4.6 Limitation on Subsidiary Dividends and Other Distributions........ 18 4.7
Limitation on Options. Except as otherwise expressly set forth in this Agreement and the Related Agreements, the Company shall not grant any options, warrants or other rights to acquire shares of Common Stock or other equity securities of the Company, other than pursuant to the Option Plans.
Limitation on Options. No Perpetual Lease Notwithstanding the provisions of sections 4.2 and 4.3, the maximum term of years, including the Primary Term, and all Extended Terms, of this Lease shall not exceed forty (40) years. The Parties expressly state that it is not their intent to create a perpetual lease or to convey a free-hold estate of any kind.
Limitation on Options. No payment option may be selected by a Participant or Beneficiary under Sections 5.2, 5.4, or 5.5 unless it satisfies the requirements of Code sections 401(a)(9) and 457(d)(2) of the Code and applicable Treasury Regulations thereunder, including that payments commencing before the death of the Participant shall satisfy the incidental death benefit requirements under Code section 401(a)(9)(G).
Limitation on Options. A Participant may not select a payment option under subsections 7.02(a) or (c) if the amount of any such periodic payment is less than $100. No payment option may be selected by a Participant under Sections 7.02 or 7.04 unless it satisfies the requirements of Sections 401(a)(9) and 457(d)(2) of the Code, including the requirement that payments commencing before the death of the Participant shall satisfy the incidental death benefit requirements under Section 401(a)(9)(G) of the Code.
Limitation on Options. 19 4.6 LIMITATION ON RESTRICTIONS ON SUBSIDIARY DIVIDENDS AND OTHER DISTRIBUTIONS.......................19 4.7
Limitation on Options. The Company shall not grant any options, warrants or other rights to acquire shares of Common Stock or other equity securities of the Company, except up to an aggregate of 32.558 shares of Common Stock (as appropriately adjusted for any stock split, combination, reorganization, recapitalization, reclassification, stock dividend or similar event, including the stock split referred to in Section 1.10 hereof) may be issued in the form of awards pursuant to the Plan as described in Section 1.6, and all such grants made after the date hereof shall be approved by the Compensation Committee of the Company's Board of Directors.
Limitation on Options. Neither the Company nor the Principal Shareholders shall grant any options, warrants or other rights to acquire shares of Common Stock or other equity securities of the Company, except that (i) the Principal Shareholders may grant options for up to ten (10) shares of Common Stock to employees of the Company at any time prior to the expiration of eighteen (18) months from the Closing Date, pursuant to the Employee Stock Option Plan as described in Section 1.6 hereof, and (ii) at any time subsequent to such date, the Company may grant options for up to ten (10) shares of Common Stock, pursuant to grants which are approved by the compensation committee of the Company's Board of Directors.
Limitation on Options. The Company shall not grant any options, warrants or other rights to acquire shares of Common Stock or other equity securities of the Company, except up to an aggregate of 479,823 shares of Non-Voting Common Stock (of which options to purchase 159,823 shares of Non-Voting Common Stock at an exercise price of $2.00 per share will be granted immediately after the Closing) may be issued to employees of the Company pursuant to options granted under a stock option plan, which grants after the date hereof are - 21 - 28 approved by the Compensation Committee of the Company's Board of Directors. All stock options shall be exercisable for shares of Non-Voting Common Stock.
Limitation on Options. (1) Tenant's rights under Section 4.04 A hereof are subject and subordinate, in all respects, to the rights of any other tenant (an "Existing Tenant") in the Building whose lease (an "Existing Lease") was executed prior to the date of this Amendment, including without limitation any renewal, extension or expansion rights provided for in any such Existing Lease, all as set forth on Schedule 4 attached to this Amendment and incorporated in the Lease by this reference. Without limiting the foregoing, Tenant shall have no right to lease any portion of the Building pursuant to either Section 4.04 or 4.05 of the Lease for any time period during which an Existing Tenant who is identified on Schedule 4 has the right, pursuant to its lease with Landlord, to lease such premises.
