Common use of Basic Limitation Clause in Contracts

Basic Limitation. Common Shares issued pursuant to the Plan may be authorized but unissued shares or treasury shares. The aggregate number of Common Shares issued under the Plan shall not exceed (a) 300,000 shares plus (b) the Common Shares described in Section 3.2. The number of Common Shares that are subject to Awards outstanding at any time under the Plan shall not exceed the number of Common Shares that then remain available for issuance under the Plan. The limitations of this Section 3.1 and Section 3.2 shall be subject to adjustment pursuant to Article 10.

Appears in 1 contract

Sources: Stock Incentive Plan (Blue Coat Systems Inc)

Basic Limitation. Common Shares issued pursuant to the Plan may be authorized but unissued shares or treasury shares. The aggregate number of Common Options and Restricted Shares issued awarded under the Plan shall not exceed (a) 300,000 shares 1,350,000 plus (b) the aggregate number of Common Shares remaining available for grants under the Predecessor Plans on March 15, 1997, plus (c) the additional Common Shares described in Section 3.2Sections 3.2 and 3.3. No additional grants shall be made under the Predecessor Plans after March 15, 1997. The number of Common Shares that are subject to Awards outstanding at any time under the Plan shall not exceed the number of Common Shares that then remain available for issuance under the Plan. The limitations limitation of this Section 3.1 and Section 3.2 shall be subject to adjustment pursuant to Article 109.

Appears in 1 contract

Sources: 1997 Stock Incentive Plan (Heska Corp)

Basic Limitation. Common Shares issued pursuant to the Plan may be authorized but unissued shares or treasury shares. The aggregate number of Common Shares issued under the Plan shall not exceed (a) 300,000 shares plus (b) the 1,500,000 Common Shares described in Section 3.2Shares. The number of Common Shares that are subject to Awards outstanding at any time under the Plan shall not exceed the number of Common Shares that then remain available for issuance under the Plan. The limitations of this Section 3.1 and Section 3.2 shall be subject to adjustment pursuant to Article 1011.

Appears in 1 contract

Sources: Inducement Equity Incentive Plan (Riverbed Technology, Inc.)

Basic Limitation. Common Shares issued pursuant to the Plan may be authorized but unissued shares or treasury shares. The aggregate number of Common Shares issued under the Plan shall not exceed (a) 300,000 shares 400,000 plus (b) the additional Common Shares described in Section 3.2. The number of Common Shares that are subject to Awards outstanding at any time under the Plan shall not exceed the number of Common Shares that then remain available for issuance under the Plan. The limitations of this Section 3.1 and Section 3.2 shall be subject to adjustment pursuant to Article 10.

Appears in 1 contract

Sources: 2007 New Employee Stock Incentive Plan (Blue Coat Systems Inc)

Basic Limitation. Common Shares issued pursuant to the Plan may be authorized but unissued shares or treasury shares. The Subject to Section 3.2, the aggregate number of Common Options and Restricted Shares issued awarded under the Plan shall not exceed (a) 300,000 shares plus (b) 11,111,864 except for the Common Shares described permitted increases provided for in Section 3.2. The number of Common Shares that are subject to Awards outstanding at any time under the Plan shall not exceed the number of Common Shares that then remain available for issuance under the Plan3.2 below. The limitations of this Section 3.1 and Section 3.2 shall be subject to adjustment pursuant to Article 108.

Appears in 1 contract

Sources: 1999 Stock Incentive Plan (Redback Networks Inc)

Basic Limitation. Common Shares issued pursuant to the Plan may be authorized but unissued shares or treasury shares. The aggregate number of Common Shares issued available for Restricted Shares, Stock Units, Options and SARs awarded under the Plan shall not exceed (a) 300,000 shares plus (b) 6,008,760. Of the Common Shares described available hereunder, no more than 25% in Section 3.2aggregate shall be available with respect to Outside Directors. The number of Common Shares that are subject to Awards outstanding at any time under the Plan shall not exceed the number of Common Shares that then remain available for issuance under the Plan. The limitations limitation of this Section 3.1 and Section 3.2 shall be subject to adjustment pursuant to Article 10. The number of Common Shares available under this Plan shall be increased by unexercised or forfeited Common Shares under the Company's 1993 and 1995 Stock Plans.

Appears in 1 contract

Sources: 1997 Stock Incentive Plan (Nanogen Inc)

Basic Limitation. Common Shares issued pursuant to the Plan may be authorized but unissued shares or treasury shares. The aggregate number of Common Shares issued under the Plan shall not exceed (a) 300,000 shares 500,000 plus (b) the additional Common Shares described in Section 3.2. The number of Common Shares that are subject to Awards outstanding at any time under the Plan shall not exceed the number of Common Shares that then remain available for issuance under the Plan. The limitations of this Section 3.1 and Section 3.2 shall be subject to adjustment pursuant to Article 10.

Appears in 1 contract

Sources: 2008 New Employee Equity Incentive Plan (Theravance Inc)