Common use of Increase in Option Pool Clause in Contracts

Increase in Option Pool. The Company shall not increase the number of shares of capital stock reserved for issuance in connection with its equity incentive plans (including, without limitation, its stock option plan) in excess of 8,000,000 shares without the consent of a majority of the Purchaser Directors.

Appears in 2 contracts

Sources: Investor Rights Agreement (Achillion Pharmaceuticals Inc), Investor Rights Agreement (Achillion Pharmaceuticals Inc)