Common use of Stock Reservation and Awards Clause in Contracts

Stock Reservation and Awards. As of the Capitalization Date, 4,460,221 shares of Company Common Stock were reserved and available for issuance pursuant to the Company Stock Plans. As of the Capitalization Date, there were (i) outstanding Company Options to acquire 6,152,774 shares of Company Common Stock with a weighted average exercise price of $5.65 per share; (ii) 5,426,034 shares of Company Common Stock subject to outstanding Company RSUs; and (iii) 577,785 shares of Company Common Stock subject to outstanding Company PSUs (at target level of performance achievement). From the Capitalization Date to the date of this Agreement, the Company has not issued or granted any shares of Company Common Stock, other than pursuant to the exercise of Company Options or the vesting and settlement of Company RSUs or Company PSUs, and has not issued any Company Preferred Stock. The Company has delivered or made available to Parent a true and complete list as of the Capitalization Date of all outstanding Company Options, Company RSUs and Company PSUs, including, with respect to each such equity award, the (A) holder, (B) date of grant, (C) vesting schedule, (D) whether subject to performance conditions, (E) number of shares of Company Common Stock subject to such award (assuming target performance levels were achieved, if applicable), and, for Company Options, (F) the applicable exercise price, (G) expiration date and (H) whether it is an incentive stock option.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Enova International, Inc.), Agreement and Plan of Merger (Enova International, Inc.), Agreement and Plan of Merger (Enova International, Inc.)

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Stock Reservation and Awards. As of the Capitalization Date, 4,460,221 the Company has reserved (i) 134,914,840 shares of Company Common Stock were reserved and available for issuance pursuant to the Company Stock PlansPlans and (ii) 16,000,000 shares of Company Common Stock for issuance pursuant to the Company ESPP. As of the Capitalization Date, there were (i) outstanding Company Options to acquire 6,152,774 49,428,528 shares of Company Common Stock with a weighted average exercise price of $5.65 per shareStock; and (ii) 5,426,034 13,472,757 shares of Company Common Stock subject to outstanding Company RSUs; and (iii) 577,785 shares of Company Common Stock subject to outstanding Company PSUs (at target level of performance achievement). From the Capitalization Date to the date of this Agreement, the Company has not issued or granted any shares of Company Common Stock, other than pursuant to the exercise of Company Options or the vesting and settlement of Company RSUs or Company PSUsRSUs, in each case, which were granted prior to the date of this Agreement and has not issued any Company Preferred Stock. The Section 3.7(b) of the Company has delivered or made available to Parent Disclosure Letter sets forth a true true, correct and complete list of all outstanding Company Options and Company RSUs as of the Capitalization Date of all outstanding Company OptionsDate, Company RSUs and Company PSUs, including, with respect to each such equity awardoutstanding Company Option or Company RSU, the as applicable: (A) holder, the employee number of the holder of such Company Option or Company RSU; (B) date of grant, the grant date; (C) the applicable vesting schedule, ; (D) whether subject to performance conditions, the per share exercise price; and (E) number of shares of Company Common Stock subject to such award (assuming target performance levels were achieved, if applicable), and, for Company Options, (F) the applicable exercise price, (G) expiration date and (H) whether it is an incentive stock optiondate.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cvent Holding Corp.)

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