Common use of Shares Issued Clause in Contracts

Shares Issued. Upon the award of shares of Common Stock pursuant to a Stock Award, the Company may issue shares of Common Stock from its authorized but unissued Common Stock. Upon the exercise of any Option, the Company may deliver to the Participant (or the Participant's broker if the Participant so directs), shares of Common Stock from its authorized but unissued Common Stock.

Appears in 5 contracts

Samples: Incentive Plan (Educational Video Conferencing Inc), Incentive Plan (Cadapult Graphic Systems Inc), Incentive Plan (Windswept Environmental Group Inc)

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Shares Issued. Upon the award of shares of Common Stock pursuant to a Stock Award, the Company may issue shares of Common Stock from either its authorized but unissued Common StockStock or issued shares reacquired by the Company. Upon the exercise of any Option, the Company may deliver to the Participant (or the Participant's ’s broker if the Participant so directs), shares of Common Stock from either its authorized but unissued Common Stock.Stock or issued shares reacquired by the Company

Appears in 4 contracts

Samples: 2009 Stock Incentive Plan (Media Sciences International Inc), 2006 Stock Incentive Plan (Media Sciences International Inc), 2006 Stock Incentive Plan (Media Sciences International Inc)

Shares Issued. Upon the award of shares of Common Stock pursuant to a Stock AwardAward or in settlement of an award of Stock Units, the Company may issue shares of Common Stock from its authorized but unissued Common Stock. Upon the exercise of any OptionOption or SAR, the Company may deliver to the Participant (or the Participant's ’s broker if the Participant so directs), shares of Common Stock from its authorized but unissued Common Stock.

Appears in 3 contracts

Samples: Incentive Plan (Village Bank & Trust Financial Corp.), Incentive Plan (Village Bank & Trust Financial Corp.), Incentive Plan (Village Bank & Trust Financial Corp.)

Shares Issued. Upon the award of shares of Common Stock pursuant to a Stock Award, the Company Corporation may issue shares of Common Stock from its authorized but unissued Common Stock or reacquired Common Stock. Upon the exercise of any Option, the Company Corporation may deliver to the Participant (or the Participant's broker if the Participant so directs), shares of Common Stock from its authorized but unissued Common Stock or reacquired Common Stock.

Appears in 3 contracts

Samples: Incentive Plan (Educational Video Conferencing Inc), Incentive Plan (Evci Career Colleges Inc), Incentive Plan (Boundless Corp)

Shares Issued. Upon the award of shares of Common Stock pursuant to a Stock Award or in settlement of an award of Stock Units, Performance Shares or an Incentive Award, the Company Corporation may issue shares of Common Stock from its authorized but unissued Common Stock. Upon the exercise of any Option, Option or SAR the Company Corporation may deliver to the Participant (or the Participant's ’s broker if the Participant so directs), shares of Common Stock from its authorized but unissued Common Stock.

Appears in 2 contracts

Samples: 2006 Equity Compensation Plan (Middleburg Financial Corp), Equity Compensation Plan (Middleburg Financial Corp)

Shares Issued. Upon the award of shares of Common Stock pursuant to a Stock Award, award of Stock Units, or an Incentive Award, the Company may issue shares of Common Stock from its authorized but unissued Common Stock. Upon the exercise of any OptionOption or SAR, the Company may deliver to the Participant (or the Participant's ’s broker if the Participant so directs), shares of Common Stock from its authorized but unissued Common Stock.

Appears in 1 contract

Samples: Incentive Compensation and Stock Plan (Newmarket Corp)

Shares Issued. Upon the award of shares of Common Stock pursuant to a Stock Award or in settlement of an award of Stock Units, Performance Shares or an Incentive Award, the Company may issue shares of Common Stock from its authorized but unissued Common Stock. Upon the exercise of any Option, Option or SAR the Company may deliver to the Participant (or the Participant's ’s broker if the Participant so directs), shares of Common Stock from its authorized but unissued Common Stock.

Appears in 1 contract

Samples: 2007 Equity Compensation Plan (Eastern Virginia Bankshares Inc)

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Shares Issued. Upon the award of shares of Common Stock pursuant to a Stock Award, or when an award of Stock Units is earned, the Company may issue shares of Common Stock from its authorized but unissued Common Stock. Upon the exercise of any OptionOption or SAR, the Company may deliver to the Participant (or the Participant's broker if the Participant so directs), shares of Common Stock from its authorized but unissued Common Stock.

Appears in 1 contract

Samples: Incentive Plan (Chesapeake Corp /Va/)

Shares Issued. Upon the award of shares of Common Stock pursuant to a Stock Award, the Company may issue shares of Common Stock from its authorized but unissued Common Stock. Upon the exercise of any Option, the Company may deliver to the Participant (or the Participant's ’s broker if the Participant so directs), shares of Common Stock from its authorized but unissued Common Stock.

Appears in 1 contract

Samples: Incentive Plan (Media Sciences International Inc)

Shares Issued. Upon the award of shares of Common Stock pursuant to a Stock Award, or upon the exercise of any Option or SAR, the Company may issue shares of Common Stock from its authorized but unissued Common Stock. Upon the exercise of any Option, the Company may deliver to the Participant (Stock or the Participant's broker if the Participant so directs), shares of Common Stock from its authorized but unissued Common Stocktreasury shares.

Appears in 1 contract

Samples: 1997 Equity Incentive Plan (Net2000 Communications Inc)

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