Examples of Reserved Employee Shares in a sentence
The Company shall not grant to any of its employees options to purchase Reserved Employee Shares which will become exercisable at a rate in excess of 25% per annum from the date of such grant (except as set forth on Schedule II) without the consent of the Board of Directors.
Issue or sell any equity securities of the Company or securities that are convertible into equity securities of the Company, other than any issuance of Reserved Employee Shares pursuant to options and other rights granted under equity compensation plans approved by the Company's stockholders.
The Company shall not ----------------------------------- grant to any of its employees options to purchase Reserved Employee Shares which will become exercisable at a rate in excess of 25% per annum from the date of such grant without the approval of the Company's Board of Directors.
The conversion price of the • Investor wants protection Preferred will be subject to adjustment to prevent dilution against “price dilution” if in the event that the Company issues additional shares of Company sells shares convertible debt or equity securities (other below issue price to than the Reserved Employee Shares described under investor “Reserved Employee Shares” below) at a purchase price less than the Original Purchase Price.
The foregoing number of Reserved Employee Shares may be increased by vote or written consent of at least a majority of the members of the Board of Directors of the Corporation.