Common use of Permitted Stock Clause in Contracts

Permitted Stock. Common Stock or options or warrants to acquire Common Stock, constituting, in the aggregate, 2,000,000 shares or less of the outstanding Common Stock issued or reserved for issuance to present and future key management and directors of the Company pursuant to a stock incentive program approved or to be approved by the board of directors.

Appears in 3 contracts

Samples: Preferred Stock and Warrant Purchase Agreement (Jotan Inc), Warrant Purchase Agreement (F Jotan LLC), Priority Warrant Purchase Agreement (Jotan Inc)

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Permitted Stock. Common Stock or options or warrants to acquire Common --------------- Stock, constituting, in the aggregate, 2,000,000 shares or less of the outstanding Common Stock issued or reserved for issuance to present and future key management and directors of the Company pursuant to a stock incentive program approved or to be approved by the board of directors.

Appears in 1 contract

Samples: Preferred Stock and Warrant Purchase Agreement (Rice Partners Ii L P)

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