Stock Issuable Sample Clauses
The 'Stock Issuable' clause defines the conditions under which a company is obligated or permitted to issue shares of its stock. It typically outlines the types of stock that may be issued, the circumstances triggering issuance (such as upon conversion of convertible securities, exercise of options, or as part of a financing round), and any limitations or procedures related to such issuances. This clause ensures clarity for both the company and its investors regarding when and how new shares can be created, thereby helping to manage expectations and prevent disputes over dilution or ownership changes.
Stock Issuable. The maximum number of shares of Stock reserved and available for issuance under the Plan shall be [●]1 shares (the “Initial Limit”), subject to adjustment as provided in this Section 3, plus on January 1, 2022 and each January 1 thereafter, the number of shares of Stock reserved and available for issuance under the Plan shall be cumulatively increased by (i) five percent of the number of shares of Stock issued and outstanding on the immediately preceding December 31 or (ii) such lesser number of shares as determined by the Administrator (the “Annual Increase”). Subject to such overall limitation, the maximum aggregate number of shares of Stock that may be issued in the form of Incentive Stock Options shall not exceed the Initial Limit, as cumulatively increased on January 1, 2022 and each January 1 thereafter by the lesser of the Annual Increase for such year or [●]2 shares of Stock, subject in all cases to adjustment as provided in Section 3(b). For purposes of this limitation, the shares of Stock underlying any awards under the Plan and under the Company’s 2016 Stock Incentive Plan, as amended, that are forfeited, canceled, held back upon exercise of an option or settlement of an award to cover the exercise price or tax withholding, reacquired by the Company prior to vesting, satisfied without the issuance of Stock or otherwise terminated (other than by exercise) shall be added back to the shares of Stock available for issuance under the Plan and, to the extent permitted under Section 422 of the Code and the regulations promulgated thereunder, the shares of Stock that may be issued as Incentive Stock Options. In the event the Company repurchases shares of Stock on the open market, such shares shall not be added to the shares of Stock available for issuance under the Plan. Subject to such overall limitations, shares of Stock may be issued up to such maximum number pursuant to any type or types of Award. The shares available for issuance under the Plan may be authorized but unissued shares of Stock or shares of Stock reacquired by the Company.
Stock Issuable. The maximum number of shares of Stock reserved and available for issuance under the Plan shall be 840,000 shares, subject to adjustment as provided in Section 3(b). For purposes of this limitation, the shares of Stock underlying any Awards that are forfeited, canceled, held back upon exercise of an Option or settlement of an Award to cover the exercise price or tax withholding, reacquired by the Company prior to vesting, satisfied without the issuance of Stock or otherwise terminated (other than by exercise or settlement) shall be added back to the shares of Stock available for issuance under the Plan. Subject to such overall limitations, shares of Stock may be issued up to such maximum number pursuant to any type or types of Award. The shares available for issuance under the Plan may be authorized but unissued shares of Stock or shares of Stock reacquired by the Company.
Stock Issuable. The number of shares of Common Stock “obtainable upon exercise” of Warrants at any time shall be the number of shares of Common Stock for which such Warrants are then exercisable. The number of shares “for which each Warrant is exercisable” shall be one (1) share of Common Stock subject to adjustment as provided in Section 4.1.
Stock Issuable. The maximum number of shares of Stock reserved and available for issuance under the Plan shall be 7,400,000 shares, subject to adjustment as provided in Section 3(b); provided that not more than 375,000 shares shall be issued in the form of Unrestricted Stock Awards, Restricted Stock Awards, Deferred Stock Awards or Performance Share Awards. For purposes of this limitation, the shares of Stock underlying the Awards granted under the Plan that are forfeited, canceled or otherwise terminated (other than by exercise) shall be added back to the shares of Stock available for issuance under the Plan. Subject to such overall limitations, shares of Stock may be issued up to such maximum number pursuant to any type or types of Award; provided, however, that Stock Options or Stock Appreciation Rights with respect to no more than 333,333 shares of Stock may be granted to any one individual grantee during any one calendar year period. The shares available for issuance under the Plan may be authorized but unissued shares of Stock or shares of Stock reacquired by the Company.”
Stock Issuable. The maximum number of shares of Stock reserved and available for issuance under the Plan shall be 2,311,259 shares. For purposes of this limitation, the shares of Stock underlying any Awards which are forfeited, canceled, reacquired by the Company, satisfied without the issuance of Stock or otherwise terminated (other than by exercise) shall be added back to the shares of Stock available for issuance under the Plan. Subject to such overall limitation, shares of Stock may be issued up to such maximum number pursuant to any type or types of Award. The shares available for issuance under the Plan may be authorized but unissued shares of Stock or shares of Stock reacquired by the Company and held in its treasury. Each right to purchase Common Stock granted under the Plan is intended to include an associated right (the "Associated Right") to purchase one one-hundredth of a share of Series C Junior Participating Preferred Stock, par value $0.01 per share, at an exercise price of $50 per Right (the "Purchase Price"), subject to adjustments. Each Associated Right may only be transferred in conjunction with the associated share of Common Stock until after the tenth business day after (1) the date a public announcement is made that a person or group has acquired beneficial ownership of at 18% or more of the Common Stock or (2) the date such a person or group has consummated a tender offer or other transaction that would result in that person or group reaching that level of ownership, whereupon the Associated Rights will be transferrable separately. If a person or group makes an announcement that it has acquired beneficial ownership of 18% or more of 5 the Common Stock or the Board of Directors of the Company declares any person or group to be an adverse acquiror, each Associated Right will entitle the holder to purchase Common Stock at 50% of its then current market price. The total dollar amount of Common Stock so purchasable will equal the Purchase Price then in effect. The other terms and conditions of the Rights are governed by the terms of the Rights Agreement dated as of September 29, 2000 between the Company and Continental Stock Transfer & Trust Company.
Stock Issuable. The maximum number of shares of Stock reserved and available for issuance under the Plan shall be [•]1 shares (the “Initial Limit”), plus on January 1, 202[•] and on January 1 of each year thereafter, the number of shares reserved and available for