Common use of Ten-Percent Shareholders Clause in Contracts

Ten-Percent Shareholders. An Employee who owns more than ten percent (10%) of the total combined voting power of all classes of outstanding stock of the Company, a Parent or Subsidiary shall not be eligible for the grant of an ISO unless such grant satisfies the requirements of Section 422(c)(5) of the Code.

Appears in 4 contracts

Samples: 2024 Stock Incentive Plan (Silvaco Group, Inc.), 2024 Stock Incentive Plan (Silvaco Group, Inc.), 2024 Stock Incentive Plan (Sow Good Inc.)

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Ten-Percent Shareholders. An Employee who owns more than ten percent (10%) % of the total combined voting power of all classes of outstanding stock of the Company, a Parent or Subsidiary shall not be eligible for the grant of an ISO unless such grant satisfies the requirements of Section 422(c)(5) of the Code.

Appears in 3 contracts

Samples: 2021 Stock Incentive Plan (Rockley Photonics Holdings LTD), Business Combination Agreement (SC Health Corp), 2015 Stock Incentive Plan (Sigma Designs Inc)

Ten-Percent Shareholders. An Employee who owns more than ten percent (10%) of the total combined voting power of all classes of outstanding stock shares of the Company, a Parent or Subsidiary shall not be eligible for the grant of an ISO unless such grant satisfies the requirements of Section 422(c)(5) of the Code.

Appears in 2 contracts

Samples: 2024 Omnibus Incentive Plan (I-Mab), Award Agreement (Gorilla Technology Group Inc.)

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Ten-Percent Shareholders. An Employee who owns more than ten percent (10%) of the total combined voting power of all classes of outstanding stock shares of the Company, a Parent or a Subsidiary shall not be eligible for the grant of an ISO ISO, unless such grant satisfies the requirements of Section 422(c)(5) of the Code.

Appears in 1 contract

Samples: 2022 Stock Incentive Plan (CENNTRO ELECTRIC GROUP LTD)

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