Common use of Parent Equity Plan Clause in Contracts

Parent Equity Plan. Prior to or as of the Effective Time, the Board of Directors and shareholders of Parent shall adopt the equity incentive plan attached hereto as Exhibit D (the “Parent Equity Plan”) reserving for issuance 14,410,000 shares of Parent Common Stock for equity awards to be made thereunder.

Parent Equity Plan. Prior to or as of the Effective Time, the Board of Directors and shareholders of Parent shall adopt the equity incentive plan attached hereto as Exhibit D C (the “Parent Equity Plan”) reserving for issuance 14,410,000 5,000,000 shares of Parent Common Stock for equity awards to be made thereunder. For a period of 24 months following the Effective Time, the Parent shall not issue awards under the Parent Option Plan with respect to more than an aggregate of 500,000 shares of Parent Common Stock.

Parent Equity Plan. Prior to or as of the Effective Time, the Board of Directors and shareholders of Parent shall adopt and approve the equity incentive plan attached hereto as Exhibit D (the “Parent Equity Plan”) reserving for issuance 14,410,000 10,000,000 shares of Parent Common Stock for equity awards to be made thereunder. No options shall be granted under the Parent Equity Plan prior to the Closing.

Parent Equity Plan. Prior to or as of the Effective Time, the Board of Directors and shareholders of Parent shall adopt the equity incentive plan attached hereto as Exhibit D (the “Parent Equity Plan”) reserving for issuance 14,410,000 1,200,000 shares of Parent Common Stock for equity awards to be made thereunder. For a period of twelve (12) months following the Effective Time, the Parent shall not issue grants under the Parent Equity Plan in excess of two hundred forty thousand (240,000) shares of Parent Common Stock.

Parent Equity Plan. Prior to or as of the Effective Time, the Board of Directors and shareholders of Parent shall adopt the equity incentive plan attached hereto as Exhibit D (the “Parent Equity Plan”) reserving for issuance 14,410,000 7,000,000 shares of Parent Common Stock for equity awards to be made thereunder. Upon the approval of the Board of Directors, Parent may issue options for up to 5,700,000 shares of Parent Common Stock after the Closing hereunder to the persons and with the terms set forth in Schedule 4.14 hereto.