Common use of SHARES AVAILABLE FOR CONVERSION Clause in Contracts

SHARES AVAILABLE FOR CONVERSION. The Shares available for conversion shall be reduced as a pool as set forth at, above. Should the pool of Shares available for conversion be insufficient to provide for any level of conversion, in full or part, at any time as set forth in this Agreement, the remaining conversion schedule shall be of no further force or effect and all conversion rights shall expire and terminate and no further Shares shall convert or be subject to conversion.

Appears in 10 contracts

Samples: Stock Bonus Agreement (Accesspoint Corp /Nv/), Stock Bonus Agreement (Accesspoint Corp /Nv/), Stock Bonus Agreement (Accesspoint Corp /Nv/)

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