Common use of Reload Feature Clause in Contracts

Reload Feature. On the first day of each Sales Period, unless this Sellers Plan is otherwise terminated, new shares of stock will be added as Plan Shares to this Sellers Plan equal to the greater of (i) the number of Plan Shares in the preceding Sales Period minus any shares not sold pursuant to the Sellers Plan during the preceding Sales Period or (ii) the number of shares of Stock subject to stock options held by Seller that will expire during the then current Sales Period. If necessary to reload the Plan Shares (as described above), the Options will be updated to add the earliest to expire stock options of the Seller until the Plan Shares have been reloaded. Notwithstanding the foregoing, Options will not be added to this Sellers Plan that will not vest within the then current Sales Period.

Reload Feature. o On the first day of each Sales Period, unless this Sellers Plan is otherwise terminated, new shares of stock will be added as Plan Shares to this Sellers Plan equal to the greater of (i) the number of Plan Shares in the preceding Sales Period minus any shares not sold pursuant to the Sellers Plan during the preceding Sales Period or (ii) the number of shares of Stock subject to stock options held by Seller that will expire during the then current Sales Period. If necessary to reload the Plan Shares (as described above), the Options will be updated to add the earliest to expire stock options of the Seller until the Plan Shares have been reloaded. Notwithstanding the foregoing, Options will not be added to this Sellers Plan that will not vest within the then current Sales Period.