Common use of Share Purchase Options Clause in Contracts

Share Purchase Options. The Parties recognize the existing grant to the Executive of share purchase options for 100,000 common shares of the Company ("Shares") under the Company's Amended Share Purchase Option Plan dated as of September 30, 1995 (the "Plan"). Upon the full exercise of the existing share purchase options, the Executive will, subject to the then prevailing policies and practices of the Company's Compensation Committee, be granted another share purchase option in respect of not less than 100,000 Shares.

Share Purchase Options. The Parties recognize the existing grant to the Executive of share purchase options for 100,000 200,000 common shares of the Company ("Shares") under the Company's Amended Share Purchase Option Plan dated as of September 30, 1995 1995, including any amendments or modifications thereof, or any successor plan that may be adopted by the Board of Directors of the Company (the "Plan"). Upon , in accordance with the rules and regulations of applicable regulatory authorities and the Plan, it being understood that upon the full exercise of the existing share purchase options, the Executive will, subject to the then prevailing policies and practices of the Company's Compensation Committee, be granted another share purchase option in respect of not less than 100,000 200,000 Shares.

Share Purchase Options. The Parties recognize the existing grant to the Executive of share purchase options for 100,000 125,000 common shares of the Company ("Shares") under the Company's Amended Share Purchase Option Plan dated as of September 30, 1995 1995, including any amendments or modifications thereof, or any successor plan that may be adopted by the Board of Directors of the Company (the "Plan"). Upon , in accordance with the rules and regulations of applicable regulatory authorities and the Plan, it being understood that upon the full exercise of the existing share purchase options, the Executive will, subject to the then prevailing policies and practices of the Company's Compensation Committee, be granted another share purchase option in respect of not less than 100,000 125,000 Shares.

Share Purchase Options. The Parties recognize the existing grant to the Executive of share purchase options for 100,000 common shares of the Company ("Shares") under the Company's Amended Share Purchase Option Plan dated as of September 30, 1995 1995, including any amendments or modifications thereof, or any successor plan that may be adopted by the Board of Directors of the Company (the "Plan"). Upon , in accordance with the full exercise rules and regulations of applicable regulatory authorities and the existing share purchase options, the Executive willPlan, subject to the then prevailing policies and practices of the Company's Compensation Committee, be granted another share purchase option in respect of not less than 100,000 Shares.following conditions: