ISO Limit definition

ISO Limit means the maximum aggregate number of Shares that are permitted to be issued pursuant to the exercise of ISOs granted under the Plan as described in Section 5(a).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

ISO Limit means 31,500,000 Shares, subject to adjustment as provided in the Plan and subject to the provisions of Section 422 or 424 of the Code or any successor provisions.

ISO Limit means the lesser of the Plan Limit (as defined in Section 4) or 14,314,887 million Shares, subject to adjustment as provided in the Plan and subject to the provisions of Section 422 or 424 of the Code or any successor provisions.

Examples of ISO Limit in a sentence

Substitute Awards will not be counted against the Total Share Reserve; provided, that, Substitute Awards issued in connection with the assumption of, or in substitution for, outstanding options intended to qualify as Incentive Share Options will be counted against the ISO Limit.
Notwithstanding the foregoing, any Incentive Option shall become exercisable as of its respective vesting dates and to the extent the ISO Limit is exceeded, the portion of the option that becomes exercisable because of vesting in excess of the ISO Limit shall be treated as a Non-Statutory Option under the Federal tax laws.
Substitute Awards will not be counted against the Total Share Reserve; provided, that, Substitute Awards issued in connection with the assumption of, or in substitution for, outstanding options intended to qualify as Incentive Stock Options will be counted against the ISO Limit.

More Definitions of ISO Limit

ISO Limit means the maximum aggregate number of shares of Common Stock that are permitted to be issued pursuant to the exercise of Incentive Stock Options granted under the Plan as described in Section 4(b).