126 Excluded Stock

Example Definitions of "126 Excluded Stock"
126 Excluded Stock. (A) Options and rights to purchase Common Stock, which options and rights are issued (i) pursuant to the terms of the Benefit Plans and the 1998 Employee Stock Purchase Plan (or any subsequent plans approved by the Issuer's stockholders); (ii) in the ordinary course of business, consistent with past practice of the Company (in the case of the Benefit Plans other than the 1998 Employee Stock Purchase Plan); and (iii) with an exercise price not less than the Market Price on the date of grant or,... in the case of shares purchased under the 1998 20 24 Employee Stock Purchase Plan, at a purchase price not less than 85% of the Market Price on the first or last day of the applicable offering period, whichever is lower; or (B) Common Stock issued in connection with a Combination. View More Arrow
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