Examples of Outstanding Company Stock in a sentence
In addition, commencing on January 1, 2015 and continuing until the expiration of the Plan, the number of shares of Stock available for issuance under the Plan shall automatically increase in an amount equal to four percent (4%) of the total number of shares of Outstanding Company Stock on December 31st of the preceding calendar year.
Without limiting the generality of the foregoing, the Company shall use its commercial best efforts to obtain all amendments to the instruments governing the rights of the Outstanding Company Stock Options and to obtain the consents of such holders to exercise such Outstanding Company Stock Options, at or prior to the Effective Time.
In addition, commencing on January 1, 2017 and continuing until the expiration of the Plan, the 2015 Plan Reserve Amount shall automatically increase in an amount equal to the lesser of (i) four percent (4%) of the total number of shares of Outstanding Company Stock on December 31st of the preceding calendar year and (ii) the number of shares of Stock (which may be zero) designated by action of the Board prior to the first day of any calendar year.
In addition, commencing on January 1, 2013 and continuing until the expiration of the plan, the number of shares of Stock available for issuance under the Plan shall automatically increase in an amount equal to 4% of the total number of shares of Outstanding Company Stock on December 31st of the preceding calendar year.
As of the date hereof, the Required Company Stockholder Vote is the affirmative vote or consent of (i) the holders of a majority of the shares of the Outstanding Company Stock voting or consenting, as the case may be, on an as-if-converted to Common Stock basis and (ii) the holders of seventy-five percent (75%) of the shares of the outstanding Preferred Stock voting as a separate class.
Outstanding Company Stock Options Following the Acquisition and Option Exchange, the Company has issued an aggregate of 2,760,000 Stock Options issued and outstanding.
Outstanding Company Stock Options and Company Warrants (in each case as defined in Section 3.2(b)) shall be treated following the Effective Time in the manner set forth in Section 6.11.
The affirmative vote or consent of such number of holders of the shares of the Outstanding Company Stock as is required and necessary under the DGCL and the Certificate of Incorporation to adopt this Agreement and the Merger Agreement have executed and are a party to the Voting Agreement (the “Required Company Stockholder Vote”).
In addition, commencing on January 1, 2014 and continuing until the expiration of the plan, the number of shares of Stock available for issuance under the Plan shall automatically increase in an amount equal to 4% of the total number of shares of Outstanding Company Stock on December 31st of the preceding calendar year.
The shares of Outstanding Company Stock that are subject to the Voting Agreement are, if voted in favor of the Merger, sufficient to authorize and approve the Merger pursuant to the Certificate of Incorporation and the DGCL.