Authorized Capital Increases means one or more capital increases of Oi upon resolution of the Board of Directors, through public or private issuance of common shares, until the amount of its share capital reaches the limit set forth in Oi’s Bylaws at the time of the respective capital increase, and may also, within such limit, (i) resolve on the issuance of subscription bonus and debenture stock; or (ii) grant stock options to managers, employees of the Company or company under its control and/or to individuals who provide services to them, according to a plan approved by the General Meeting without the shareholders having preemptive rights to subscribe for such shares.
Authorized Capital Increases. : It means one or more increases in Light’s capital by resolution of the Board of Directors, by means of a public or private issuance of common shares, up to the limit established in Light’s Articles of Incorporation at the time of the respective capital increase, and may also, within said limit, (i) resolve on the issue of subscription warrants and debentures convertible into shares; or (ii) grant call option to managers, employees of the Company, or company under its Control and/or to individuals who provide services to them, pursuant to the Plan approved by the General Meeting of Creditors and the shareholders shall not have the right of first refusal for the subscription of these shares.
Authorized Capital Increases. Means one or more capital increases of Oi upon resolution of the Board of Directors, through public or private issue of common or preferred shares, if applicable, until its share capital reaches the limit provided for in Oi’s Bylaws at the time of the respective capital increase, and may, within said limit, (i) resolve on the issue of subscription warrants and debentures convertible in shares; or (ii) grant option for purchase of shares to managers, employees of the Company or company under its control and/or to natural persons who provide services thereto, in accordance with the Plan approved by the General Meeting of Creditors without the shareholders having the preemptive right to subscribe to such shares.