Examples of Amended Equity Incentive Plan in a sentence
Pursuant to Rule 416(c) under the Securities Act, this Registration Statement shall also cover an indeterminate amount of interests to be offered or sold pursuant to the Amended Equity Incentive Plan.
The Amended Equity Incentive Plan now provides for the grant of deferred share units (DSUs) in addition to stock options and restriction share units (RSUs).
Please see the Company’s management information circular dated May 1, 2020 for further information on the Company’s Amended Equity Incentive Plan.
The Amended Equity Incentive Plan also includes certain amendments to reflect grants to U.S. taxpayers.
Amended Equity Incentive Plan Benefits Because awards under the Equity Incentive Plan are discretionary, it is not possible to determine the benefits or amounts that will be received in the future by individual employees or groups of employees under the Equity Incentive Plan.
The Company’s Amended Equity Incentive Plan was approved by disinterested shareholders.Approval of the Amended Equity Incentive Plan The Company’s Amended Equity Incentive Plan is a “rolling” plan, pursuant to which the aggregate number of common shares to be issued under the plan shall not exceed 10% of the Company’s issued and outstanding common shares.
See “Dilution” for more information, especially the impact of a “down round.”The Company also has outstanding stock options that have been issued under our Second Amended Equity Incentive Plan, which will convert a prices below the price in this Offering.
On the Effective Date, the Company shall grant the Executive 110,600 restricted stock units (the “Initial RSUs”) and 665,000 Company stock options (the “Initial Options”) with a strike price of $70, all in accordance with the terms of the Company’s Restated and Amended Equity Incentive Plan (the “LTIP”).