Permitted Stock Option Plan means (i) the Company’s 1997 Equity Incentive Plan, as amended from time to time, (ii) the Company’s 2005 Non-Employee Directors’ Equity Incentive Plan, as amended from time to time, (iii) the Company’s 2007 Equity Incentive Plan, as amended from time to time, (iv) the Company’s 1999 Employee Stock Purchase Plan, as amended from time to time, and (v) any other stock purchase or stock option plans or other arrangements that are approved by the board of directors of the Company which provide for the issuance of securities of the Company to officers, directors, employees or consultants of the Company as compensation or other consideration for services provided.
Permitted Stock Option Plan means the Company’s 2006 Option Plan, as amended or any successor plan, in any event, implemented by the Company pursuant to which an aggregate amount of no greater than 21% of the aggregate Capital Stock (as of the Commencement Date) may be issued to officers, directors, consultants and employees of the Company as compensation for services; provided that any issuance of Capital Stock thereunder in excess of 16.6% of the aggregate Capital Stock (as of the Commencement Date) shall be to officers, directors, consultants and employees of the Company as compensation for services and not to any Major Investor; provided that upon the effectiveness of the Company’s Initial Public Offering the Permitted Stock Option Plan shall mean (i) any employee stock purchase plan within the meaning of Section 423 of the Internal Revenue Code of 1986, as amended (the “Code”) and (ii) equity incentive plan that provides for the grant of incentive stock options within the meaning of Section 422 of the Code, nonstatutory stock options, stock appreciation rights, restricted stock awards, restricted stock unit awards, performance-based stock awards, and other forms of equity compensation, in each case to the Company’s officers, directors, employees and consultants.
Permitted Stock Option Plan has the meaning set forth in paragraph --------------------------- 4C(xix).
More Definitions of Permitted Stock Option Plan
Permitted Stock Option Plan means an employee stock option or stock bonus plan which is adopted by the Board of Directors of Holdings and reasonably acceptable to the Purchasers and which provides for the issuance to the employees of Common Shares so long as (i) the number of Common Shares issued pursuant to such plan and upon the exercise of such options does not exceed, in the aggregate, 33 Class A Common Shares.
Permitted Stock Option Plan means, as applied to any Person, any plan or --------------------------- program in the nature of an incentive plan or program that has been duly adopted, if such Person is a corporation, by its board of directors, or, if such Person is a partnership, by its general partner or partners, providing for the issuance of Capital Securities of such Person; provided that the amount of -------- Capital Securities that are subject to, and the terms and conditions of, such plan or program are conventional and not more favorable than those of similar plans or programs maintained by Persons of a size similar to such Person and engaged in businesses similar to that of such Person.