Common use of Reallocation of Shares Clause in Contracts

Reallocation of Shares. If an Option is terminated, in whole or in part, for any reason other than its exercise, or if a Stock Award is forfeited in whole or in part, the number of shares of Common Stock allocated to the Option or Stock Award or portion thereof may be reallocated to other Options and Stock Awards to be granted under this Plan.

Appears in 8 contracts

Samples: Incentive Plan (Media Sciences International Inc), Incentive Plan (Windswept Environmental Group Inc), Incentive Plan (Seafoods Plus LTD)

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Reallocation of Shares. If an Option is terminated, in whole or in part, for any reason other than its exercise, or if a Stock Award is forfeited in whole or in part, the number of shares of Common Stock allocated to the Option or Stock Award or portion thereof may be reallocated to other Options and Stock Awards to be granted under this Plan.

Appears in 2 contracts

Samples: 1999 Stock Option Plan (Cardinal Financial Corp), 2001 Non Qualified Stock Option Plan (Educational Video Conferencing Inc)

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Reallocation of Shares. If an Option is terminated, in whole or in part, for any reason other than its exercise, or if a Stock Award is forfeited in whole or in part, the number of shares of Common Stock allocated to the Option or Stock Award or portion thereof may be reallocated to other Options and Stock Awards to be granted under this Plan. Such reallocated shares shall not be included in calculating the percentages set forth in Section 5.02.

Appears in 1 contract

Samples: Incentive Plan (Boundless Corp)

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