Example ContractsClauseslimit on incentive stock optionsVariants
Remove:

Incentive Stock Options. Notwithstanding the foregoing and, subject to adjustment as provided in [Section 15], the maximum number of Shares that may be issued upon the exercise of Incentive Stock Options will equal the aggregate Share number stated in Section 3(a), plus, to the extent allowable under Section 422 of the Code and the Treasury Regulations promulgated thereunder, any Shares that become available for issuance under the Plan pursuant to Section 3(b).

Incentive Stock Options. Notwithstanding the foregoing and, subject to adjustment as providedother provisions in [Section 15],this Section 4.2, the maximum number of Sharesshares that may be issued upon the exercise of Incentive Stock Options willshall equal the aggregate Shareshare number stated in Section 3(a), plus,4.1, subject to the extent allowable underadjustment as provided in Section 422 of the Code and the Treasury Regulations promulgated thereunder, any Shares that become available for issuance under the Plan pursuant to Section 3(b). 15.1.

The maximum number of shares of Stock available for issuance pursuant to Incentive Stock Options. NotwithstandingOptions shall be the foregoing and, subject to adjustmentsame as provided in [Section 15], the maximum number of Shares that may be issued upon the exercise of Incentive Stock Options will equal the aggregate Share number stated in Section 3(a), plus, to the extent allowable under Section 422 of the Code and the Treasury Regulations promulgated thereunder, any Shares that becomeshares available for issuance under the Plan pursuant to Section 3(b)4.1(a).

Incentive Stock Options. Notwithstanding the foregoing and, subjectSubject to adjustment as provided in [Section 15][Article XIII], the maximum numberno more than an aggregate of 300,000 Shares that may be issued uponpursuant to the exercise of Incentive Stock Options will equal the aggregate Share number stated in Section 3(a), plus, to the extent allowable under Section 422 of the Code and the Treasury Regulations promulgated thereunder, any Shares that become available for issuancegranted under the Plan (including shares issued pursuant to Section 3(b)the exercise of Incentive Stock Options that are the subject of disqualifying dispositions within the meaning of Code Sections 421 and 422).

Incentive Stock Options. Notwithstanding anything in this Section 4(c) to the foregoing and,contrary but subject to adjustment as provided in [Section 15],Section 10(c) hereof, the maximum aggregate number of Shares that may be issued upondelivered under the Plan as a result of the exercise of the Incentive Stock Options will equal the aggregate Share number stated in Section 3(a), plus, to the extent allowable under Section 422 of the Code and the Treasury Regulations promulgated thereunder,shall be 1,837,500 Shares. In no event shall any Shares that become available for issuanceIncentive Stock Options be granted under the Plan pursuant to Section 3(b). after the tenth anniversary of the date on which the Board adopts the Plan.

Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.