Common use of Total Number of Shares of Stock Clause in Contracts

Total Number of Shares of Stock. The total number of shares of Stock reserved for issuance by the Company directly under this Plan shall not, initially be more than Eight Hundred Thousand (800,000). The total number of shares of Stock reserved for such issuance may be increased only by a resolution adopted by the Board of Directors and an amendment of the Plan. Such Stock may be authorized and unissued or reacquired common stock of the Company.

Appears in 2 contracts

Samples: International Mercantile Corp, International Mercantile Corp

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Total Number of Shares of Stock. The total number of shares of Stock reserved for issuance by the Company directly under this Plan shall not, initially be more than Eight Hundred Thousand (800,000)) for year 2000. The total number of shares of Stock reserved for such issuance may be increased only by a resolution adopted by the Board of Directors and an amendment of the Plan. Such Stock may be authorized and unissued or reacquired common stock of the Company.

Appears in 1 contract

Samples: International Mercantile Corp

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Total Number of Shares of Stock. The total number of shares of Stock reserved for issuance by the Company directly under this Plan shall not, initially initially, be more than Eight One Million Six Hundred Thousand (800,0001,600,000). The total number of shares of Stock reserved for such issuance may December be increased only by a resolution adopted by the Board of Directors and an amendment of the Plan. Such Stock may December be authorized and unissued or reacquired common stock of the Company.

Appears in 1 contract

Samples: Agt Employees (Agtsports Inc)

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