Common use of Stock Option Plan Clause in Contracts

Stock Option Plan. The Board of Directors of Parent shall adopt the Parent Option Plan reserving for issuance 2,000,000 shares of Parent Common Stock, subject to ratification of Parent’s shareholders after the Effective Time.

Appears in 3 contracts

Samples: Agreement and Plan of Merger and Reorganization (Solar Energy Initiatives, Inc.), Agreement and Plan of Merger and Reorganization (Foothills Resources Inc), Agreement and Plan of Merger and Reorganization (Critical Digital Data, Inc.)

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Stock Option Plan. The Board of Directors of Parent shall adopt adopt, prior to or as of the Parent Effective Time, the 2010 Option Plan Plan, subject to stockholder approval, reserving for issuance 2,000,000 3,500,000 shares of Parent Common Stock, subject to ratification of Parent’s shareholders after the Effective Time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Invivo Therapeutics Holdings Corp.), Agreement and Plan of Merger and Reorganization (Invivo Therapeutics Holdings Corp.)

Stock Option Plan. The Board of Directors and shareholders of Parent shall adopt the Parent Option Plan reserving for issuance 2,000,000 3,000,000 shares of Parent Common Stock, subject Stock prior to ratification or as of Parent’s shareholders after the Effective Time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger And (Cromwell Uranium Corp.), Agreement and Plan of Merger and Reorganization (Modigene Inc.)

Stock Option Plan. The Board of Directors and shareholders of Parent shall adopt the Parent Option Plan reserving for issuance 2,000,000 shares of Parent Common Stock, subject Stock prior to ratification or as of Parent’s shareholders after the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Ethanex Energy, Inc.)

Stock Option Plan. The Board of Directors and shareholders of Parent shall adopt the Parent Option Plan reserving for issuance 2,000,000 shares of Parent Common Stock, subject Stock prior to ratification or as of Parent’s shareholders after the Effective Time. Parent shall also assume the Company’s 2003 Plan.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (WaferGen Bio-Systems, Inc.)

Stock Option Plan. The Board of Directors of and shareholders of Parent shall adopt the Parent Option Plan reserving for issuance 2,000,000 shares of Parent Common Stock, subject prior to ratification or as of Parent’s shareholders after the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (High Tide Ventures, Inc.)

Stock Option Plan. The Board of Directors of Parent shall adopt the Parent Option Plan reserving for issuance 2,000,000 4,000,000 shares of Parent Common Stock, subject to ratification of Parent’s 's shareholders after the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Alternative Energy Sources Inc)

Stock Option Plan. The Board of Directors of Parent shall adopt adopt, prior to or as of the Effective Time, the Parent Option Plan Plan, subject to stockholder approval, reserving for issuance 2,000,000 6,700,000 shares of Parent Common Stock, subject to ratification of Parent’s shareholders after the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Organovo Holdings, Inc.)

Stock Option Plan. The Board of Directors and shareholders of Parent shall adopt the Parent Option Plan reserving for issuance 2,000,000 3,000,000 shares of Parent Common Stock prior to or as of the Effective Time. For a period of 12 months following the Effective Time, the Parent shall not issue options or other awards under the Parent Option Plan with respect to more than an aggregate of 600,000 shares of Parent Common Stock, subject to ratification of Parent’s shareholders after the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (UFood Restaurant Group, Inc.)

Stock Option Plan. The Board of Directors and shareholders of the Parent shall adopt the Parent Option Plan reserving for issuance 2,000,000 an aggregate of 4,250,000 shares of Parent Common Stock, subject Stock prior to ratification or as of Parent’s shareholders after the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (22nd Century Group, Inc.)

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Stock Option Plan. The Board of Directors and shareholders of Parent shall adopt the Parent Option Plan reserving for issuance 2,000,000 4,000,000 shares of Parent Common Stock, subject Stock prior to ratification or as of Parent’s shareholders after the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Kentucky USA Energy, Inc.)

Stock Option Plan. The Board of Directors of Parent shall adopt the Parent Option Plan reserving for issuance 2,000,000 4,000,000 shares of Parent Common Stock prior to or as of the Effective Time. For a period of 24 months following the Effective Time, the Parent shall not issue options or other awards under the Parent Option Plan with respect to more than an aggregate of 400,000 shares of Parent Common Stock, subject to ratification of Parent’s shareholders after the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Nevada Gold Holdings, Inc.)

Stock Option Plan. The Board of Directors of Parent shall adopt adopt, prior to or as of the Parent Option Effective Time, an Equity Incentive Plan (the “2012 Equity Incentive Plan”), subject to stockholder approval, reserving for issuance 2,000,000 10,000,000 shares of Parent Common Stock, subject to ratification of Parent’s shareholders after the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Lifeapps Digital Media Inc.)

Stock Option Plan. The Board of Directors and shareholders of Parent shall adopt the Parent Option Plan reserving for issuance 2,000,000 3,850,000 shares of Parent Common Stock, subject Stock prior to ratification or as of Parent’s shareholders after the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Kreido Biofuels, Inc.)

Stock Option Plan. The Board of Directors and shareholders of Parent shall adopt the Parent Option Plan reserving for issuance 2,000,000 5,698,823 shares of Parent Common Stock, subject Stock prior to ratification or as of Parent’s shareholders after the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Aslahan Enterprises Ltd.)

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