Common use of Residual Shares Clause in Contracts

Residual Shares. Each share of Company Common Stock that remains available for issuance pursuant to the Company Equity Plan as of the Second Effective Time (the “Residual Shares”) shall, in accordance with the Company Equity Plan, be converted at the Second Effective Time into the number of shares of HoldCo Common Stock equal to the product of the number of such Residual Shares and the Exchange Ratio (such shares of HoldCo Common Stock, the “Assumed Shares”).

Residual Shares. Each share Any shares of Company Common Stock that remains remain available for issuance pursuant to the any Company Equity Stock Plan as of the Second Effective Time (the “Residual Shares”) shall, in accordance with the such Company Equity Stock Plan, be converted at the Second Effective Time into the number of shares of HoldCo Parent Common Stock equal to the product of the number of such Residual Shares and the Exchange Ratio (such shares of HoldCo Parent Common Stock, the “Assumed Shares”).