SHARES OF STOCK OF THE CORPORATION Sample Clauses

SHARES OF STOCK OF THE CORPORATION. (a) Shares Subject to This Plan. Awards which are granted or issued under this Plan shall be with respect to the authorized but unissued or reacquired Shares of the Corporation's Common Stock. The aggregate number of Shares which may be issued upon the exercise of Options and/or which may be utilized with respect to Stock Appreciation Rights settled in cash or in Shares under this Plan shall not exceed one million five hundred thousand (1,500,000) Shares, subject to adjustment under Section 10.
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SHARES OF STOCK OF THE CORPORATION. (a) Shares Subject to This Plan Stock with respect to which Awards are granted or issued under this Plan shall be authorized but unissued or reacquired Shares. The number of Shares subject to Awards is 2,500,000, subject to adjustment as described in (b).
Sample 1
SHARES OF STOCK OF THE CORPORATION. 6 (a) Shares Subject to This Plan 6 (b) Adjustment of Shares 7 (c) Awards Not to Exceed 10% of Corporation's Common Stock 7 (d) Awards Not to Exceed Shares Available 7 7. TERMS AND CONDITIONS OF OPTIONS 7 (a) Eligibility for Incentive Stock Options 7 (b) Award Agreements 8 (c) Number of Shares Covered by an Option 8 (d) Exercise of Options 8 (e) Vesting of Options 8 (f) Term and Expiration of Options 8 (g) Exercise Price 9 (h) Medium and Time of Payment of Purchase ice 9 (i) Nontransferability of Options 9 (j) Termination of Employee, Director, Independent Contractor or Consultant Status for Any Reason Other Than Death, Total and Permanent Disability or For Cause 9 (k) Death of Participant 10 (l) Total and Permanent Disability of Participant 10 (m) Termination For Cause 11 (n) Rights as a Stockholder 11 (o) Modification, Extension, and Renewal of Options 11 (p) Other Provisions 11 (q) No Disqualification of Incentive Stock Options 12 (r) Limitation on Incentive Stock Options 12 8. STOCK APPRECIATION RIGHTS 12 (a) Stock Appreciation Right Award Agreements 12 (b) Number of Shares Covered by a Stock Appreciation Right 12 (c) Stock Appreciation Rights Issued and Exercised Without Payment of Consideration 12 (d) Exercise of Stock Appreciation Rights 13 (e) Vesting of Stock Appreciation Rights 13 (f) Term and Expiration of Stock Appreciation Rights 13 (g) Exercise and Settlement of a Stock Appreciation Right 13 (h) Nontransferability of Stock Appreciation Rights 14 (i) Termination of Employee, Director, Independent Contractor or Consultant Status for any Reason Other Than Death, Total and Permanent Disability or For Cause 14 (j) Death of Participant 14 (k) Total and Permanent Disability of Participant 15 (l) Termination For Cause 15 (m) Rights as a Stockholder 15
Sample 1

Related to SHARES OF STOCK OF THE CORPORATION

  • Capital Stock of the Company The authorized capital stock of the COMPANY is as set forth in Section 1.4(i). All of the issued and outstanding shares of the capital stock of the COMPANY are owned by the STOCKHOLDERS and in the amounts set forth in Annex II and further, except as set forth on Schedule 5.3, are owned free and clear of all liens, security interests, pledges, charges, voting trusts, restrictions, encumbrances and claims of every kind. All of the issued and outstanding shares of the capital stock of the COMPANY have been duly authorized and validly issued, are fully paid and nonassessable, are owned of record and beneficially by the STOCKHOLDERS and further, such shares were offered, issued, sold and delivered by the COMPANY in compliance with all applicable state and federal laws concerning the issuance of securities. Further, none of such shares were issued in violation of the preemptive rights of any past or present stockholder.

  • Reservation of Shares of Common Stock The Company shall at all times reserve and keep available a number of its authorized but unissued shares of Common Stock that shall be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Agreement.

  • Shares The term “

  • Capital Stock and Ownership The Capital Stock of each of Holdings and its Subsidiaries has been duly authorized and validly issued and is fully paid and non-assessable. Except as set forth on Schedule 4.2, as of the date hereof, there is no existing option, warrant, call, right, commitment or other agreement to which Holdings or any of its Subsidiaries is a party requiring, and there is no membership interest or other Capital Stock of Holdings or any of its Subsidiaries outstanding which upon conversion or exchange would require, the issuance by Holdings or any of its Subsidiaries of any additional membership interests or other Capital Stock of Holdings or any of its Subsidiaries or other Securities convertible into, exchangeable for or evidencing the right to subscribe for or purchase, a membership interest or other Capital Stock of Holdings or any of its Subsidiaries. Schedule 4.2 correctly sets forth the ownership interest of Holdings and each of its Subsidiaries in their respective Subsidiaries as of the Closing Date.

  • Availability of Shares of Preferred Stock (a) The Company covenants and agrees that it will cause to be reserved and kept available out of its authorized and unissued shares of Preferred Stock or any shares of Preferred Stock held in its treasury, the number of shares of Preferred Stock that will be sufficient to permit the exercise in full of all outstanding Rights.

  • Issuance of Shares of Stock As soon as practicable following each Vesting Date (but in no event later than two and one-half months after the end of the year in which the Vesting Date occurs), the Company shall issue to the Grantee the number of shares of Stock equal to the aggregate number of Restricted Stock Units that have vested pursuant to Paragraph 2 of this Agreement on such date and the Grantee shall thereafter have all the rights of a stockholder of the Company with respect to such shares.

  • Registration of Shares of Common Stock The Company agrees that as soon as practicable after the closing of its initial Business Combination, it shall use its best efforts to file with the Securities and Exchange Commission a registration statement for the registration, under the Act, of the shares of Common Stock issuable upon exercise of the Warrants, and it shall use its best efforts to take such action as is necessary to register or qualify for sale, in those states in which the Warrants were initially offered by the Company and in those states where holders of Warrants then reside, the shares of Common Stock issuable upon exercise of the Warrants, to the extent an exemption is not available. The Company will use its best efforts to cause the same to become effective and to maintain the effectiveness of such registration statement, and a current prospectus relating thereto, until the expiration of the Warrants in accordance with the provisions of this Agreement. If any such registration statement has not been declared effective by the 90th day following the closing of the Business Combination, holders of the Warrants shall have the right, during the period beginning on the 91st day after the closing of the Business Combination and ending upon such registration statement being declared effective by the Securities and Exchange Commission, and during any other period when the Company shall fail to have maintained an effective registration statement covering the shares of Common Stock issuable upon exercise of the Warrants, to exercise such Warrants on a “cashless basis” as determined in accordance with Section 3.3.1(c). The Company shall provide the Warrant Agent with an opinion of counsel for the Company (which shall be an outside law firm with securities law experience) stating that (i) the exercise of the Warrants on a cashless basis in accordance with this Section 7.4 is not required to be registered under the Act and (ii) the shares of Common Stock issued upon such exercise will be freely tradable under U.S. federal securities laws by anyone who is not an affiliate (as such term is defined in Rule 144 under the Act) of the Company and, accordingly, will not be required to bear a restrictive legend. For the avoidance of any doubt, unless and until all of the Warrants have been exercised on a cashless basis, the Company shall continue to be obligated to comply with its registration obligations under the first three sentences of this Section 7.4. The provisions of this Section 7.4 may not be modified, amended, or deleted without the prior written consent of the Representative.

  • Capital Stock of Sub Each issued and outstanding share of capital stock of Sub shall be converted into and become one validly issued, fully paid and nonassessable share of common stock, par value $0.01 per share, of the Surviving Corporation.

  • Shares of Common Stock may be issued from time to time as the Board of Directors of the Corporation shall determine and on such terms and for such consideration as shall be fixed by the Board of Directors.

  • No Rights to Purchase Preferred Stock The issuance and sale of the Shares as contemplated hereby will not cause any holder of any shares of capital stock, securities convertible into or exchangeable or exercisable for capital stock or options, warrants or other rights to purchase capital stock or any other securities of the Company to have any right to acquire any shares of preferred stock of the Company.

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