Common use of Maximum Number of Shares Issuable Clause in Contracts

Maximum Number of Shares Issuable. Subject to adjustment as provided in Section 4.2, the maximum aggregate number of shares of Stock that may be issued under the Plan shall be One Million Five Hundred Thousand (1,500,000) and shall consist of authorized but unissued or reacquired shares of Stock or any combination thereof. If an outstanding Option for any reason expires or is terminated or canceled or if shares of Stock are acquired upon the exercise of an Option subject to a Company repurchase option and are repurchased by the Company at the Optionee’s exercise price, the shares of Stock allocable to the unexercised portion of such Option or such repurchased shares of Stock shall again be available for issuance under the Plan.

Appears in 1 contract

Sources: Merger Agreement (Charmed Homes Inc.)

Maximum Number of Shares Issuable. Subject to adjustment as provided in Section 4.2, the maximum aggregate number of shares of Stock that may be issued under the Plan shall be One Million Five Six Hundred Thousand (1,500,0001,600,000) shares and shall consist of authorized but unissued or reacquired shares of Stock or any combination thereof. If an outstanding Option for any reason expires or is terminated or canceled or if shares of Stock are acquired acquired, subject to repurchase, upon the exercise of an Option subject to a Company repurchase option and are repurchased by the Company at the Optionee’s exercise priceCompany, the shares of Stock allocable to the unexercised portion of such Option Option, or such repurchased shares of Stock Stock, shall again be available for issuance under the Plan.

Appears in 1 contract

Sources: Stock Option Assumption Agreement (Cisco Systems Inc)

Maximum Number of Shares Issuable. Subject to adjustment as provided in Section 4.2Sections 4.2 and 4.3, the maximum aggregate number of shares of Stock that may be issued under the Plan shall be One Million Five Hundred Thousand (1,500,000) [●]1 and shall consist of authorized but unissued or reacquired shares of Stock Stock, or any combination thereof. If an outstanding Option Purchase Right for any reason expires or is terminated or canceled or if shares of Stock are acquired upon the exercise of an Option subject to a Company repurchase option and are repurchased by the Company at the Optionee’s exercise pricecanceled, the shares of Stock allocable to the unexercised portion of such Option or such repurchased shares of Stock that Purchase Right shall again be available for issuance under the Plan.

Appears in 1 contract

Sources: Business Combination Agreement (FTAC Athena Acquisition Corp.)