Limitations on Grants. If required by the Code, the aggregate Fair Market Value (determined as of the grant date) of Shares for which an Incentive Stock Option is exercisable for the first time during any calendar year under all equity incentive plans of the Company and its Subsidiaries (as defined in Section 422 of the Code or any successor thereto) may not exceed $100,000.
Limitations on Grants. 5 4.4 Limitation on Incentive Options........................................ 5 4.5
Limitations on Grants. A person who is not an employee of the Company or an Affiliate is not eligible to receive an Incentive Option.
Limitations on Grants. No person may receive Options and shares of Restricted Stock for more than 2,000,000 shares of Stock in the aggregate (subject to adjustment pursuant to Section 4.2) during any calendar year.
Limitations on Grants. Awards may be granted only to persons who are eligible to be Participants. The maximum number of shares of Stock with respect to which Awards may be granted to any Participant in any calendar year under the Plan is 225,000.
Limitations on Grants. (a) No employee shall be granted a right hereunder if such employee, immediately after the right is granted, would own stock or rights to purchase stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company, or of any subsidiary, computed in accordance with Sections 423(b)(3) and 424(d) of the Code.
Limitations on Grants. No Option shall be granted pursuant to Rule 3 above if such grant would result in the aggregate of:
Limitations on Grants. 4 4.3 Limitation on Incentive Options................................... 5 4.4 Ten Percent Limitation on Ownership............................... 5 4.5 Annual Grants to Nonemployee Board Members........................ 5
Limitations on Grants. A nonemployee Board member is not eligible to receive a grant of Options except as provided in Section 4.5. A person who is not an employee of the Company or an Affiliate is not eligible to receive an Incentive Option. The maximum number of
Limitations on Grants. If required by the Code at the time of grant of an Incentive Stock Option, the aggregate Fair Market Value (determined as of the grant date) of shares for which such option is exercisable for the first time during any calendar year may not exceed $100,000.
