Examples of Approved Stock Option in a sentence
The Italian Participant may exercise his Italian Option at any time after the Italian Option becomes exercisable in accordance with Subparagraph 2 of this Paragraph H and before the Italian Option lapses for any reason stated in Paragraph G of this Italian Addendum.C-15 ADDITIONAL PROVISIONS FOR UK PARTICIPANTS The following additional provisions constitute the 2002 UK Approved Stock Option Appendix (the “UK Subplan”) for UK Participants.
Ratification of Approved Stock Option Plan At the annual general meeting of the shareholders of the Corporation held on December 18, 2017, the shareholders ratified, confirmed and approved the Plan, which entitles the Corporation to grant options to Participants to purchase up to a maximum of 10% of the Corporation’s issued and outstanding Common Shares as at the time of grant.
ADDITIONAL PROVISIONS FOR UK PARTICIPANTS The following additional provisions constitute the 2002 UK Approved Stock Option Appendix (the “UK Subplan”) for UK Participants.
The grant of an Approved Stock Option shall be subject to obtaining any approval or consent which may be required under the provisions of any regulation or enactment.
Shares sold immediately after withdrawal are exempt from a capi- tal gains tax.Inland Revenue Approved Stock Option Plans:Savings-Related Share Option Scheme (SRSO) or Sharesave or SAYE Scheme, introduced by the Finance Act 1980, is currently the most popular plan judged by the number of participants.
The material terms of the 2013 Approved Stock Option Plan can be summarized as follows: 1.
Approved Stock Option Plans – The Approved Savings-Related Share Option Scheme (SAYE), introduced by the Finance Act of 1999, is currently the most popular plan judg- ing by the number of participants relative to the number of companies operating such schemes.
EQUITY COMPENSATION PLAN INFORMATIONThe Corporation’s 2013 Approved Stock Option Plan, described below, is currently the only compensation plan under which equity securities of the Corporation are authorized for issuance.
See “Matters to be Approved at the Meeting – Ratification of Approved Stock Option Plan” for details of the annual ratification of the Plan.
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