Common use of Shares Issued Clause in Contracts

Shares Issued. Upon the award of shares of Common Stock pursuant to a Stock Award, the Company may issue shares of Common Stock from its authorized but unissued Common Stock. Upon the exercise of any Option, the Company may deliver to the Participant (or the Participant's broker if the Participant so directs), shares of Common Stock from its authorized but unissued Common Stock.

Appears in 5 contracts

Samples: Seafoods Plus LTD, Windswept Environmental Group Inc, Cadapult Graphic Systems Inc

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Shares Issued. Upon the award of shares of Common Stock pursuant to a Stock Award, the Company may issue shares of Common Stock from either its authorized but unissued Common StockStock or issued shares reacquired by the Company. Upon the exercise of any Option, the Company may deliver to the Participant (or the Participant's ’s broker if the Participant so directs), shares of Common Stock from either its authorized but unissued Common Stock.Stock or issued shares reacquired by the Company

Appears in 4 contracts

Samples: Media Sciences International Inc, Media Sciences International Inc, Media Sciences International Inc

Shares Issued. Upon the award of shares of Common Stock pursuant to a Stock Award, the Company Corporation may issue shares of Common Stock from its authorized but unissued Common Stock or reacquired Common Stock. Upon the exercise of any Option, the Company Corporation may deliver to the Participant (or the Participant's broker if the Participant so directs), shares of Common Stock from its authorized but unissued Common Stock or reacquired Common Stock.

Appears in 3 contracts

Samples: 1998 Incentive (Educational Video Conferencing Inc), Evci Career Colleges Inc, Boundless Corp

Shares Issued. Upon the award of shares of Common Stock pursuant to a Stock AwardAward or in settlement of an award of Stock Units, the Company may issue shares of Common Stock from its authorized but unissued Common Stock. Upon the exercise of any OptionOption or SAR, the Company may deliver to the Participant (or the Participant's ’s broker if the Participant so directs), shares of Common Stock from its authorized but unissued Common Stock.

Appears in 3 contracts

Samples: Incentive Plan (Village Bank & Trust Financial Corp.), Village Bank & Trust Financial Corp., Village Bank & Trust Financial Corp.

Shares Issued. Upon the award of shares of Common Stock pursuant to a Stock Award or in settlement of an award of Stock Units, Performance Shares or an Incentive Award, the Company Corporation may issue shares of Common Stock from its authorized but unissued Common Stock. Upon the exercise of any Option, Option or SAR the Company Corporation may deliver to the Participant (or the Participant's ’s broker if the Participant so directs), shares of Common Stock from its authorized but unissued Common Stock.

Appears in 2 contracts

Samples: Middleburg Financial Corp, Middleburg Financial Corp

Shares Issued. Upon the award of shares of Common Stock pursuant to a Stock Award, the Company may issue shares of Common Stock from its authorized but unissued Common Stock. Upon the exercise of any Option, the Company may deliver to the Participant (or the Participant's ’s broker if the Participant so directs), shares of Common Stock from its authorized but unissued Common Stock.

Appears in 1 contract

Samples: Media Sciences International Inc

Shares Issued. Upon the award of shares of Common Stock pursuant to a Stock Award, or upon the exercise of any Option or SAR, the Company may issue shares of Common Stock from its authorized but unissued Common Stock. Upon the exercise of any Option, the Company may deliver to the Participant (Stock or the Participant's broker if the Participant so directs), shares of Common Stock from its authorized but unissued Common Stocktreasury shares.

Appears in 1 contract

Samples: Net2000 Communications Inc

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Shares Issued. Upon the award of shares of Common Stock pursuant to a Stock Award, or when an award of Stock Units is earned, the Company may issue shares of Common Stock from its authorized but unissued Common Stock. Upon the exercise of any OptionOption or SAR, the Company may deliver to the Participant (or the Participant's broker if the Participant so directs), shares of Common Stock from its authorized but unissued Common Stock.

Appears in 1 contract

Samples: Chesapeake Corp /Va/

Shares Issued. Upon the award of shares of Common Stock pursuant to a Stock Award, award of Stock Units, or an Incentive Award, the Company may issue shares of Common Stock from its authorized but unissued Common Stock. Upon the exercise of any OptionOption or SAR, the Company may deliver to the Participant (or the Participant's ’s broker if the Participant so directs), shares of Common Stock from its authorized but unissued Common Stock.

Appears in 1 contract

Samples: Newmarket Corp

Shares Issued. Upon the award of shares of Common Stock pursuant to a Stock Award or in settlement of an award of Stock Units, Performance Shares or an Incentive Award, the Company may issue shares of Common Stock from its authorized but unissued Common Stock. Upon the exercise of any Option, Option or SAR the Company may deliver to the Participant (or the Participant's ’s broker if the Participant so directs), shares of Common Stock from its authorized but unissued Common Stock.

Appears in 1 contract

Samples: Eastern Virginia Bankshares Inc

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