Option Plan Restrictions. The only officer, director, employee and/or consultant stock option or stock incentive plan currently in effect or contemplated by the Company shall provide for no more than 40 million shares of the Company’s common stock. No other plan will be adopted nor may any options not included in such plan be issued until expiration of the Exclusion Period.
Appears in 3 contracts
Samples: Subscription Agreement, Subscription Agreement (Volcan Holdings, Inc.), Subscription Agreement (Volcan Holdings, Inc.)
Option Plan Restrictions. The only officer, director, employee and/or consultant stock option or stock incentive plan plans currently in effect or contemplated by the Company shall provide for no more than 40 7 million shares of the Company’s common stock. No other plan will be adopted nor may any options not included in such plan be issued until expiration of the Exclusion Period.
Appears in 1 contract
Samples: Securities Purchase Agreement (Omnitek Engineering Corp)
