Common use of Limits On Options Clause in Contracts

Limits On Options. No Key Service Provider shall receive Options during any Fiscal Year covering in excess of 500,000 Shares, subject to adjustment pursuant to Section 10.

Appears in 2 contracts

Sources: Equity Incentive Plan (Global Ship Lease, Inc.), Equity Incentive Plan (GSL Holdings, Inc.)

Limits On Options. No Key Service Provider shall receive Options during any Fiscal Year covering in excess of 500,000 250,000 Shares, subject to adjustment pursuant to Section 10.

Appears in 1 contract

Sources: Equity Incentive Plan (Global Ship Lease, Inc.)