Examples of Amended Equity Incentive Plan in a sentence
Except as provided herein, all terms and conditions of a Floating Option, including the term to expiry, conditions to and manner of exercising, will be the same as the Company Option for which it was exchanged, and shall be governed by the terms of the Amended Equity Incentive Plan, and the exchange shall not provide any optionee with any additional benefits as compared to those under his or her original Company Option.
Except as provided herein, all terms and conditions of a New Option, including the term to expiry, conditions to and manner of exercising, will be the same as the Company Option for which it was exchanged, and shall be governed by the terms of the Amended Equity Incentive Plan, and the exchange shall not provide any optionee with any additional benefits as compared to those under his or her original Company Option.
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, approved on May 29, 2007 provides for a rolling rather than a fixed maximum number of common shares which may be issued pursuant to incentive stock options and other equity incentives, awards and issuances.
The Amended Equity Incentive Plan also includes certain amendments to reflect grants to U.S. taxpayers.
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.
This summary is qualified in its entirety by the text of the Amended Equity Incentive Plan, which is attached as Schedule “A” to this Management Proxy Circular.
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).
Any benefits, rights and options accruing to any Participant in accordance with the terms and conditions of the Amended Equity Incentive Plan shall not be assignable or transferable by the Participant, whether voluntarily or by operation of law, except by will or by the laws of succession of the domicile of the deceased Participant.
The Amended Equity Incentive Plan, approved on May 11, 2010, provides for a rolling rather than a fixed maximum number of common shares which may be issued pursuant to incentive stock options and other equity incentives, awards and issuances.