Ten-Percent Shareholders. An Employee who owns more than 10 percent of the total combined voting power of all classes of outstanding stock of the Company or any of its Subsidiaries shall not be eligible for designation as an Optionee unless (i) the Exercise Price for an ISO (and a Nonstatutory Option to the extent required by applicable law) is at least 110 percent of the Fair Market Value of a Share on the date of grant, and (ii) in the case of an ISO, such ISO by its terms is not exercisable after the expiration of five years from the date of grant.
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Samples: Nonstatutory Stock Option Agreement (Broadcom Corp), Nonstatutory Stock Option Agreement (Broadcom Corp), Nonstatutory Stock Option Agreement (Broadcom Corp)
Ten-Percent Shareholders. An Employee who owns more than 10 percent of the total combined voting power of all classes of outstanding stock of the Company or any of its Subsidiaries subsidiaries shall not be eligible for designation as the grant of an Optionee unless ISO unless:
(i) the The Exercise Price for an ISO (and a Nonstatutory Option to the extent required by applicable law) is at least 110 percent of the Fair Market Value of a Share on the date of grant, and ; and
(ii) in the case of an ISO, such Such ISO by its terms is not exercisable after the expiration of five years from the date of grant.
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