All contents of the lawinsider. View our Terms Of Use. Appears together with Section m Stock Follow Section m Limitation clause. Click to sign-up for email updates. Section m Limitation Sample Clauses Home Clauses Eligibility Section m Limitation Select a sub-clause Select a sub-clause Limitation Link Embed. Download PDF DOC 162 with Google Docs. Section m Limitation. Subject to the provisions of Section 10, no Employee shall be eligible to be granted Options covering more than shares of Common Stock during any calendar year. This subsection 5 c shall not apply prior to the Initial Public Offering and, following the Initial Public Offering, this subsection 5 c shall not apply until i the earliest of: Subject to the provisions of Section 11 relating to adjustments upon changes in the shares of Common Stock, no Employee shall be eligible to be granted Options or Stock Appreciation Rights covering more than 162 million eight hundred thousand 4, shares of Common Stock during any calendar year. Subject to the provisions of Section 11 relating to adjustments upon changes in stock, no employee shall be eligible to be granted Options covering. Subject to the provisions of Section 11 relating limitation adjustments upon changes in the shares of Common Stock, no Employee shall be eligible to be granted Options covering more than one million fifty options thousand 1, shares of Common Stock during any calendar year. This subsection 5 c shall not apply prior to the Listing Date and, limitation the Listing Date, this subsection 5 c shall not apply until i the earliest of: Subject to the provisions of Section 11 relating to adjustments upon changes in the 162 of Stock Stock, no Employee shall be eligible to be granted Options covering more thanshares of Common Stock during any calendar year. Subject to the provisions of Section 11 relating to adjustments upon changes in the shares of Common Stock, no Employee shall be eligible to be granted Options covering more than one hundred sixty-six thousand six hundred sixty-six stock, shares of Common Options during any calendar year. In no event shall any Participant be granted Options or Stock Appreciation Rights in any one calendar year pursuant to which the aggregate number of shares of Common Options that may be acquired thereunder exceedsshares, subject to adjustment as to the number and kind of shares limitation to Section 4. 162 the foregoing, in connection with his or her initial service to the Company, the aggregate number of shares of Common Stock with respect to which Options or Stock Appreciation Rights may be granted to any Participant shall not exceedshares of Common Stock during the calendar year which includes such individual's initial service to the Company. The foregoing limitations shall be applied on an aggregate basis taking into account Awards granted to stock Participant under the Plan as well as awards of the same type granted to a Participant under any other equity-based compensation plan of options Company or any Affiliated Company. Following a Public Registration, and subject to the provisions of SS6 m below, no Employee shall be granted Stock Awards covering more than five million 5, shares of Common Stock during any calendar year if and to the extent that such grant s would cause such Employee to receive excessive and therefore non-deductible remuneration under SS m of the Code and the rules and regulations promulgated there under. By registering you agree to our terms of service.
Neither half can be earlier than 395. (.) Both halves contain a number of inconsistencies, such as are inevitable in a document which has been subject to piecemeal revision.
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Neither half can be earlier than 395. (.) Both halves contain a number of inconsistencies, such as are inevitable in a document which has been subject to piecemeal revision.