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This excerpt taken from the IDIX DEF 14A filed Apr 26, 2007. Shares Subject
to the Plan
Subject to certain adjustments, 3,000,000 shares of our
common stock may be issued pursuant to the 2005 Plan. As of
March 31, 2007, 2,684,537 shares of our common stock
were subject to awards outstanding under the 2005 Plan.
If any award granted under the 2005 Plan is forfeited or the
award otherwise terminates without the issuance of any shares,
the shares associated with such award will be available for
future grants subject, however, in the case of stock options to
any limitations under the Internal Revenue Code of 1986, as
amended, which we refer to as the Code. In addition, shares that
are tendered to Idenix by a participant as payment of the
exercise price of any stock option, or shares withheld from any
award to satisfy a participant’s tax withholding
obligations, will not count as shares issued under the 2005
Plan. In the event of stock dividends, stock splits, other
recapitalizations, reclassifications or other specified events
affecting us and shares of our common stock, appropriate and
equitable adjustments shall be made to the number and kind of
shares available for grant, as well as to other maximum
limitations, under the 2005 Plan, and the number and kind of
shares common stock or other rights and prices under outstanding
awards.
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