Common use of Options or Rights Clause in Contracts

Options or Rights. Subject to the Act, the Articles and any Unanimous Shareholder Agreement, the Board may from time to time issue or grant options to purchase the whole or any part of the authorized and unissued shares of the Corporation at such times and to such persons and for such consideration as the Board shall determine, except that no share shall be issued until it is fully paid as provided by the Act.

Appears in 3 contracts

Samples: The Arrangement Agreement (DecisionPoint Systems, Inc.), The Arrangement Agreement (Comamtech Inc.), The Arrangement Agreement (DecisionPoint Systems, Inc.)

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Options or Rights. Subject to the Act, Act and the Articles and any Unanimous Shareholder AgreementArticles, the Board may from time to time issue or grant options to purchase the whole or any part of the authorized and rights to acquire unissued shares of the Corporation at such times and to such persons and for such consideration as the Board shall determine, except provided that no share shall be issued until it is fully paid as provided by the Actpaid.

Appears in 1 contract

Samples: Arrangement Agreement (Firstservice Corp)

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