Share Limit. Subject to Sections 5.2 and 9, the aggregate number of Shares which may be issued under the Plan shall not exceed 10,000,000 Shares. The number of Shares which are subject to Options or other rights outstanding at any time shall not exceed the number of Shares which then remain available for issuance under the Plan. The Company, during the term of the Plan, shall at all times reserve and keep available sufficient Shares to satisfy the requirements of the Plan. Shares offered under the Plan may be authorized but unissued Shares or treasury Shares.
Share Limit. Subject to Section 11, the aggregate number of Shares which may be issued under the Plan shall be 48,600,310 Shares1 (the “Authorized Share Limit”). The number of 1 Initial Plan reserve of 6,715,000 shares approved April 2005; reserve increased by 4,443,880 shares approved October 2006; reserve increased by 5,212,741 shares approved in June 2008, reserve increased by 5,242,445 shares approved in September 2010, reserve increased by 6,111,597 shares approved in October 2011, reserve increased by 7,665,704 shares approved in November, 2011, reserve increased by 5,272,937 shares approved in July, 2012 and reserve increased by 7,936,006 shares approved in July, 2013 for an aggregate total of 48,600,310 shares. Shares which are subject to Options or other rights to acquire Shares pursuant to Awards which are outstanding at any time shall not exceed the number of Shares which then remain available for issuance under the Plan. The Company, during the term of the Plan, shall at all times reserve and keep available sufficient Shares to satisfy the requirements of the Plan. Shares offered under the Plan may be authorized but unissued Shares or treasury Shares.
Share Limit. The maximum number of shares of Common Stock that may be delivered pursuant to awards granted to Eligible Persons under this Plan (the “Share Limit”) is 2,622,000 shares, provided that the Administrator may reduce the Share Limit in its discretion. The foregoing numerical limit is subject to adjustment as contemplated by Section 4.3, Section 7.1, and Section 8.10.
Share Limit. Subject to Section 11 and Section 17.2, the aggregate number of Shares which may be issued under the Plan shall be the most recent “Cumulative Share Reserve” entry set forth on the Share Reserve Schedule attached as Exhibit A to the Plan (the “Authorized Share Limit”); provided, however, that if the corporate records of the Company (e.g., consents, resolutions or minutes) show that the “Cumulative Share Reserve” entry is outdated, then the Authorized Share Limit evidenced by such corporate records will control, and the Company shall update the Share Reserve Schedule to reflect such corporate records as soon as practicable. The number of Shares which are subject to Options or other rights to acquire Shares pursuant to Awards which are outstanding at any time shall not exceed the number of Shares which then remain available for issuance under the Plan. The Company, during the term of the Plan, shall at all times reserve and keep available sufficient Shares to satisfy the requirements of the Plan. Shares offered under the Plan may be authorized but unissued Shares or reacquired Shares, including Shares forfeited to or repurchased by the Company on the open market or otherwise.
Share Limit. Notwithstanding any other provision in this Section 1.05 to the contrary, in no event shall Borrower be required under this Section 1.05 to: (i) issue more shares of Common Stock than Borrower has authorized and available for issuance, or (ii) breach its obligations under the rules or regulations of any Trading Market on which its shares of Common Stock may then be listed. In the event Borrower does not have adequate shares of Common Stock authorized and available for issuance to be able to fulfill a Conversion Notice, or Borrower would breach its obligations under the rules or regulations of any Trading Market on which its shares of Common Stock are then listed if it fulfilled a Conversion Notice, Lender agrees to amend the Conversion Notice to reduce the Conversion Amount to that amount for which an adequate number of shares of Common Stock is authorized and available for issuance by Borrower.
Share Limit. The total number of Shares that may be purchased pursuant to this Agreement shall not exceed, in the aggregate, 5,025,000 shares of Common Stock of the Company (as adjusted for stock splits, stock dividends, combinations or similar events with respect to such shares).
Share Limit. Notwithstanding any other provision in this Exhibit A to the contrary, in no event shall the Company be required under this Exhibit A to: (i) issue more shares of Common Stock than the Company has authorized and available for issuance, or (ii) breach its obligations under the rules or regulations of any Trading Market on which its shares of Common Stock may then be listed. In the event the Company does not have adequate shares of Common Stock authorized and available for issuance to be able to fulfill a Notice, or the Company would breach its obligations under the rules or regulations of any Trading Market on which its shares of Common Stock are then listed if it fulfilled a Notice, Consultant agrees to accept payment of the applicable Consulting Fee in the form of cash. * * * * *
Share Limit. The shares of Restricted Nonvoting Common Stock that may be issued under this Plan will not exceed 20% of the fully diluted Common Stock of the Corporation in the aggregate.
