Common use of Transfer to Directors and Senior Officers Clause in Contracts

Transfer to Directors and Senior Officers. (1) You may transfer escrow securities within escrow to existing or, upon their appointment, incoming directors or senior officers of the Issuer or any of its material operating subsidiaries, if the Issuer’s board of directors has approved the transfer and provided that: (a) you make application under the applicable Exchange Policy of the intent to transfer at least 10 business days and not more than 30 business days prior to the date of the proposed transfer; and (b) the Exchange does not provide notice of its objection to the Escrow Agent prior to 10:00 a. m. (Vancouver time) or 11:00 a.m. (Calgary time) on such specified date. (2) Prior to the transfer the Escrow Agent must receive: (a) a certified copy of the resolution of the board of directors of the Issuer approving the transfer; (b) a certificate signed by a director or officer of the Issuer authorized to sign, stating that the transfer is to a director or senior officer of the Issuer or a material operating subsidiary and that any required acceptance from the Exchange on which the Issuer is listed has been received; (c) an acknowledgment in the form of Form 5E signed by the transferee; and (d) a transfer power of attorney, completed and executed by the transferor in accordance with the requirements of the Issuer’s transfer agent. (3) A transfer within escrow is a trade within the meaning of securities legislation and may require an exemption or discretionary order.

Transfer to Directors and Senior Officers. (1) You may transfer escrow securities within escrow to existing or, upon their appointment, incoming directors or senior officers of the Issuer or any of its material operating subsidiaries, if the Issuer’s 's board of directors has approved the transfer and provided that:: (as at June 14, 2010) (a) you make application to transfer under the applicable Exchange Policy of the intent to transfer at least 10 business days and not more than 30 business days prior to the date of the proposed transfer; and (b) the Exchange does not provide notice of its objection to the Escrow Agent prior to 10:00 a. m. 10:00 a.m. (Vancouver time) or 11:00 a.m. (Calgary time) on such specified date. (2) Prior to the transfer the Escrow Agent must receive: (a) a certified copy of the resolution of the board of directors of the Issuer approving the transfer; (b) a certificate signed by a director or officer of the Issuer authorized to sign, stating that the transfer is to a director or senior officer of the Issuer or a material operating subsidiary and that any required acceptance from the Exchange on which the Issuer is listed on has been received; (c) an acknowledgment in the form of Form 5E signed by the transferee; and (d) a transfer power of attorney, attorney completed and executed by the transferor in accordance with the requirements of the Issuer’s 's transfer agent. (3) A transfer within escrow is a trade within the meaning of securities legislation and may require an exemption or discretionary order.

Transfer to Directors and Senior Officers. (1) You may transfer escrow securities within escrow to existing or, upon their appointment, incoming directors or senior officers of the Issuer or any of its material operating subsidiaries, if the Issuer’s 's board of directors has approved the transfer and provided that: (a) you make application to transfer under the applicable Exchange Policy of the intent to transfer at least 10 business days and not more than 30 business days prior to the date of the proposed transfer; and and (b) the Exchange does not provide notice of its objection to the Escrow Agent prior to 10:00 a. m. 10:00 a.m. (Vancouver time) or 11:00 a.m. (Calgary time) on such specified date. (2) Prior to the transfer the Escrow Agent must receive: (a) a certified copy of the resolution of the board of directors of the Issuer approving the transfer; ; (b) a certificate signed by a director or officer of the Issuer authorized to sign, stating that the transfer is to a director or senior officer of the Issuer or a material operating subsidiary and that any required acceptance from the Exchange on which the Issuer is listed on has been received; ; (c) an acknowledgment in the form of Form 5E signed by the transferee; and and (d) a transfer power of attorney, completed and executed by the transferor in accordance with the requirements of the Issuer’s 's transfer agent. (3) A transfer within escrow is a trade within the meaning of securities legislation and may require an exemption or discretionary order.

Transfer to Directors and Senior Officers. (1) You may transfer escrow securities securities, other than options, within escrow to existing or, upon their appointment, incoming directors or senior officers of the Issuer or any of its material operating subsidiaries, if the Issuer’s board of directors has approved the transfer and provided that: (a) you make application under the applicable Exchange Policy of the intent to transfer at least 10 business days and not more than 30 business days prior to the date of the proposed transfer; and (b) the Exchange does not provide notice of its objection to the Escrow Agent prior to 10:00 a. m. 10:00 a.m. (Vancouver time) or 11:00 a.m. (Calgary time) on such specified date. (2) Prior to the transfer the Escrow Agent must receive: (a) a certified copy of the resolution of the board of directors of the Issuer approving the transfer; (b) a certificate signed by a director or officer of the Issuer authorized to sign, stating that the transfer is to a director or senior officer of the Issuer or a material operating subsidiary and that any required acceptance from the Exchange on which the Issuer is listed has been received; (c) an acknowledgment in the form of Form 5E signed by the transferee; and (d) a transfer power of attorney, completed and executed by the transferor in accordance with the requirements of the Issuer’s transfer agent. (3) A transfer within escrow is a trade within the meaning of securities legislation and may require an exemption or discretionary order.

Transfer to Directors and Senior Officers. (1) You may transfer escrow securities within escrow to existing or, upon their appointment, incoming directors or senior officers of the Issuer or any of its material operating subsidiaries, if the Issuer’s 's board of directors has approved the transfer and provided that: (a) you make application under the applicable Exchange Policy of the intent to transfer at least 10 business days and not more than 30 business days prior to the date of the proposed transfer; and (b) the Exchange does not provide notice of its objection to the Escrow Agent prior to 10:00 a. m. 10:00 a.m. (Vancouver time) or 11:00 a.m. (Calgary time) on such specified date. (2) Prior to the transfer the Escrow Agent must receive: (a) a certified copy of the resolution of the board of directors of the Issuer approving the transfer; (b) a certificate signed by a director or officer of the Issuer authorized to sign, stating that the transfer is to a director or senior officer of the Issuer or a material operating subsidiary and that any required acceptance from the Exchange on which the Issuer is listed has been received; (c) an acknowledgment in the form of Form 5E signed by the transferee; and (d) a transfer power of attorney, attorney completed and executed by the transferor in accordance with the requirements of the Issuer’s 's transfer agent. (3) A transfer within escrow is a trade within the meaning of securities legislation and may require an exemption or discretionary order.