Common use of Shares; Adjustment Upon Certain Events Clause in Contracts

Shares; Adjustment Upon Certain Events. (a) Shares to be issued under this Agreement shall be made available, at the discretion of the Board, from authorized but unissued Shares, issued Shares reacquired by the Company or Shares purchased by the Company on the open market specifically for these purposes.

Appears in 2 contracts

Samples: Stock Option Agreement (Koger Equity Inc), Stock Option Agreement (Koger Equity Inc)

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Shares; Adjustment Upon Certain Events. (a) Shares to be issued under this Agreement shall be made available, at the discretion of the Board, either from authorized but unissued Shares, from issued Shares reacquired by the Company or from Shares purchased by the Company on the open market specifically for these purposesthis purpose.

Appears in 2 contracts

Samples: Stock Option and Restricted Stock Agreement (Priceline Com Inc), Stock Option Agreement (Priceline Com Inc)

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