Limitations on Grants. If required by the Code, the aggregate Fair Market Value (determined as of the grant date) of Shares for which an Incentive Stock Option is exercisable for the first time during any calendar year under all equity incentive plans of the Company and its Subsidiaries (as defined in Section 422 of the Code or any successor thereto) may not exceed $100,000.
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Samples: Employment Agreement (SeaBright Holdings, Inc.), Employment Agreement (Seabright Insurance Holdings Inc), 1999 Long Term Equity Incentive Plan (Packaging Corp of America)
Limitations on Grants. If required by the Code, the aggregate Fair Market Value (determined as of the grant date) of Shares shares for which an Incentive Stock Option is exercisable for the first time during any calendar year under all equity incentive plans of the Company and its Subsidiaries (as defined in Section 422 of the Code or any successor thereto) may not exceed $100,000.
Appears in 1 contract
Samples: Plan and Agreement of Merger (Gundle SLT Environmental Inc)
Limitations on Grants. If required by the CodeCode at the time of grant of an Incentive Stock Option, the aggregate Fair Market Value (determined as of the grant date) of Shares shares for which an Incentive Stock Option such option is exercisable for the first time during any calendar year under all equity incentive plans of the Company and its Subsidiaries (as defined in Section 422 of the Code or any successor thereto) may not exceed $100,000.
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Samples: Proxy Statement
