Common use of Share Limit Clause in Contracts

Share Limit. Subject to Section 11, the aggregate number of Shares which may be issued under the Plan shall be 48,600,310 Shares1 (the “Authorized Share Limit”). The number of 1 Initial Plan reserve of 6,715,000 shares approved April 2005; reserve increased by 4,443,880 shares approved October 2006; reserve increased by 5,212,741 shares approved in June 2008, reserve increased by 5,242,445 shares approved in September 2010, reserve increased by 6,111,597 shares approved in October 2011, reserve increased by 7,665,704 shares approved in November, 2011, reserve increased by 5,272,937 shares approved in July, 2012 and reserve increased by 7,936,006 shares approved in July, 2013 for an aggregate total of 48,600,310 shares. Shares which are subject to Options or other rights to acquire Shares pursuant to Awards which are outstanding at any time shall not exceed the number of Shares which then remain available for issuance under the Plan. The Company, during the term of the Plan, shall at all times reserve and keep available sufficient Shares to satisfy the requirements of the Plan. Shares offered under the Plan may be authorized but unissued Shares or treasury Shares.