Examples of Reserved Employee Shares in a sentence
Issue or sell any equity securities of the Company or securities that are convertible into equity securities of the Company, other than any issuance of Reserved Employee Shares pursuant to options and other rights granted under equity compensation plans approved by the Company's stockholders.
The Company shall not ----------------------------------- grant to any of its employees options to purchase Reserved Employee Shares which will become exercisable at a rate in excess of 25% per annum from the date of such grant without the approval of the Company's Board of Directors.
The Company shall not grant to any of its employees options to purchase Reserved Employee Shares which will become exercisable at a rate in excess of 25% per annum from the date of such grant (except as set forth on Schedule II) without the consent of the Board of Directors.
Ethical and moral values from religion and other sources are used to make them a responsible citizen of India.
Grant to any of its employees options or other rights to purchase Reserved Employee Shares unless authorized by the Company’s Board of Directors or its Compensation Committee (which Compensation Committee shall at all times be comprised of at least one of the Series A-1 Directors).