Common use of Option Pool Clause in Contracts

Option Pool. The Company shall not establish a stock grant, option plan or purchase plan, other employee stock incentive program or agreement that in the aggregate exceeds five percent (5%) of the fully diluted Common Stock of the Company (excluding options and warrants in existence on the Closing Date) on April 5, 1996 (the "Option Pool"). The provisions of this Section 4.13 shall be in addition to, and not in any manner limit, obligations pursuant to any option, warrant, employment agreement or other written obligation, agreement or commitment of the Company or any Operating Subsidiary as of the date of this Agreement (which such obligations shall be disclosed in Schedule 2.5).