Common use of Shares Subject to the Plan Clause in Contracts

Shares Subject to the Plan. Subject to adjustment as provided in Section 6, an aggregate of 306,000 Shares shall be available for issuance upon the exercise of options granted under the Plan. The Shares deliverable upon the exercise of options may be made available from authorized but unissued Shares or treasury Shares. If any option granted under the Plan shall terminate for any reason without having been exercised, the Shares subject to, but not delivered under, such option shall be available for other options.