Optionable Shares definition
Optionable Shares means the authorized and unissued or reacquired shares of the Class B Common Stock of the Corporation available to be issued under the Plan.
Examples of Optionable Shares in a sentence
The Founders shall place such Optionable Shares, together with undated share transfers executed in blank, in escrow with an agent (the “Option Agent”) for issuance against exercise of options.