Common use of Common Stock Available for Awards Clause in Contracts

Common Stock Available for Awards. Subject to the provisions of paragraph 14 hereof, there shall be available for Awards under this Plan granted wholly or partly in Common Stock (including rights or options that may be exercised for or settled in Common Stock) an aggregate of 50 million shares of Common Stock. No more than 20 million shares of Common Stock may be the subject of Awards that are not Options or Stock Appreciation Rights. In the sole discretion of the Committee, 20 million shares of Common Stock may be granted as Incentive Stock Options.

Appears in 5 contracts

Samples: Retention Agreement (MPLX Lp), Retention Agreement (MPLX Lp), Retention Agreement (MPLX Lp)

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