Common use of S-8 Clause in Contracts

S-8. The Company will not file a Form S-8 with the Commission during the Exclusion Period (as defined in Section 12(a) of the Agreement) without the consent of the Subscriber, except in connection with an additional 1,000,000 shares of common stock underlying employee stock options that may be subsequently granted to regularly employed employees of the Company, excluding consultants.

Appears in 2 contracts

Sources: Subscription Agreement (Wizzard Software Corp /Co), Subscription Agreement (Wizzard Software Corp /Co)

S-8. The Company will not file a Form S-8 with the Commission during the Exclusion Period (as defined in Section 12(a) of the Agreement) without the consent of the Subscriber, except in connection with an additional 1,000,000 shares of common stock underlying employee stock options that may be subsequently granted to regularly employed employees of the Company, excluding consultantsoption plans.

Appears in 1 contract

Sources: Subscription Agreement (BVR Technologies LTD)