Common use of Plan Shares Clause in Contracts

Plan Shares. The Company shall use its best efforts and shall take all necessary corporate action to obtain, prior to June 1, 2000, shareholder approval for an increase in the number of shares of Common Stock reserved for issuance under the Plan (or a successor plan) to at least 700,000 shares, such that Croc▇▇▇ ▇▇▇, if he desires, elect to purchase 500,000 shares of Loan Stock under the Plan (or a successor plan).

Plan Shares. The Company shall use its best efforts and shall take all necessary corporate action to obtain, prior to June 1, 2000, shareholder approval for an increase in the number of shares of Common Stock reserved for issuance under the Plan (or a successor plan) to at least 700,000 shares, such that Croc▇Onis▇▇ ▇▇▇, if he desires, elect to purchase 500,000 150,000 shares of Loan Stock under the Plan (or a successor plan).