Option Number. The "Option Number" shall initially be the number of shares equal to nineteen and nine-tenths percent (19.9%) of the total number of shares of the Company Common Stock issued and outstanding as of the date of this Agreement, and shall be adjusted hereafter to reflect changes in the Company's capitalization occurring after the date hereof in accordance with Section 9 hereof. Notwithstanding any other provision of this Agreement, in no event shall the Option Number exceed nineteen and nine-tenths percent (19.9%) of the total number of shares of the Company Common Stock issued and outstanding as of the date of this Agreement, adjusted in accordance with Section 9 hereof.
Appears in 3 contracts
Samples: Merger Agreement (Worldtalk Communications Corp), Stock Option Agreement (Tumbleweed Communications Corp), Stock Option Agreement (Tumbleweed Communications Corp)
Option Number. The "Option Number" shall initially be the number of shares equal to nineteen and nine-tenths percent (19.9%) of the total number of shares of the Company Common Stock issued and outstanding as of the date of this Agreement, and shall be adjusted hereafter to reflect changes in the Company's capitalization occurring after the date hereof in accordance with Section 9 11 hereof. Notwithstanding any other provision of this Agreement, in no event shall the Option Number exceed nineteen and nine-tenths percent (19.9%) of the total number of shares of the Company Common Stock issued and outstanding as of the date of this Agreement, adjusted in accordance with Section 9 11 hereof.
Appears in 3 contracts
Samples: Stock Option Agreement (Interface Systems Inc), Stock Option Agreement (Tumbleweed Communications Corp), Stock Option Agreement (Tumbleweed Communications Corp)
Option Number. The "Option Number" Number shall initially be the number of shares equal to nineteen and nine-tenths percent (19.9%) of the total number of shares of the Company Common Stock issued and outstanding as of the date of this Agreement, and shall be adjusted hereafter to reflect changes in the Company's capitalization occurring after the date hereof in accordance with Section 9 hereof10. Notwithstanding any other provision of this Agreement, in no event shall the Option Number exceed nineteen and nine-tenths percent (19.9%) of the total number of shares of the Company Common Stock issued and outstanding as of the date of this Agreement, adjusted in accordance with Section 9 hereof10.
Appears in 2 contracts
Samples: Stock Option Agreement (CFM Technologies Inc), Stock Option Agreement (Mattson Technology Inc)
Option Number. The "Option Number" shall initially be the number of shares Shares equal to nineteen and nine-tenths ten percent (19.910.0%) of the total number of shares of the Company Common Stock issued and outstanding as of the date of this Agreement, and shall be adjusted hereafter to reflect changes in the Company's capitalization occurring after the date hereof in accordance with Section 9 hereof. Notwithstanding any other provision hereof (provided that the number of this AgreementShares issuable hereunder shall be reduced to the extent necessary so that the aggregate number of Shares issuable hereunder shall not, in no event shall the Option Number exceed nineteen and nine-tenths upon such issuance, constitute more than ten percent (19.910.0%) of the total number of shares of the Company Common Stock then issued and outstanding as of the date of this Agreement, adjusted in accordance with Section 9 hereofoutstanding).
Appears in 1 contract
Samples: Stock Option Agreement (Electronic Data Systems Corp /De/)
