Parent Option Plan definition
Examples of Parent Option Plan in a sentence
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 prior to or as of the Effective Time.
The Board of Directors and shareholders of Parent shall adopt the Parent Option Plan reserving for issuance 3,000,000 shares of Parent Common Stock prior to or as of the Effective Time.
At or prior to Closing, Parent shall adopt the Parent Option Plan providing for the issuance of up to an aggregate equal to fifteen percent (15%) of the shares of Parent Common Stock outstanding from time to time.
The Company Options, the Parent Options and the Parent Warrants will be exercisable for Parent Shares in accordance with the terms of the Company Stock Plan, as amended pursuant to Section 4.03 hereof, the Parent Option Plan (as hereinafter defined) and the Parent Warrant Certificates, respectively.
The Parent Options shall be granted pursuant and subject to the Parent Option Plan and the applicable award agreement.