Examples of Cenovus Common Shares in a sentence
SHARE CAPITAL (continued)The Company has recorded a liability of $31 million at March 31, 2011 (December 31, 2010–$18 million) in the Consolidated Balance Sheets for PSUs based on the market value of the Cenovus Common Shares at March 31, 2011.
PSUs vest after three years.The Company has recorded a liability of $43 million at September 30, 2011 (December 31, 2010–$18 million) in the Consolidated Balance Sheets for PSUs based on the market value of the Cenovus Common Shares at September 30, 2011.
PSUs vest after three years.The Company has recorded a liability of $39 million at June 30, 2011 (December 31, 2010–$18 million) in the Consolidated Balance Sheets for PSUs based on the market value of the Cenovus Common Shares at June 30, 2011.
No Cenovus Common Shares are issuable pursuant to the Cenovus DSU Plans.EnCana has sought the advice of its Canadian tax advisors and, in a supplemental Canadian tax ruling and opinion request, has requested rulings from the CRA, to confirm that the foregoing exchange of EnCana DSUs for Cenovus DSUs will occur on a tax-neutral basis for Canadian tax purposes for holders of EnCana DSUs who are resident in Canada or who were granted the EnCana DSUs in respect of services rendered in Canada.
Employees have the option to convert either 25 or 50 percent of their annual bonus award into DSUs. DSUs vest immediately, are redeemed in accordance with terms of the agreement and expire on December 15 of the calendar year following the year of cessation of directorship or employment.The Company has recorded a liability of $39 million at March 31, 2011 (December 31, 2010–$31 million) in the Consolidated Balance Sheets for DSUs based on the market value of the Cenovus Common Shares at March 31, 2011.
Each such Person will receive a pro rata share of the cash proceeds from the sale of the Cenovus Common Shares or the Cenovus Preferred Shares, as applicable, sold by the Depositary (less commissions, other reasonable expenses incurred in connection with the sale of the Cenovus Common Shares or the Cenovus Preferred Shares and any amount withheld in respect of taxes) in lieu of the Cenovus Common Shares or the Cenovus Preferred Shares themselves.
As of the Agreement Date, 1,228,869,903 Cenovus Common Shares and no Cenovus Preferred Shares are issued and outstanding.
In lieu of any fractional Cenovus Common Shares, Cenovus Warrants or Cenovus Preferred Shares, a Husky Common Shareholder or a Husky Preferred Shareholder, as applicable, otherwise entitled to a fractional interest in a Cenovus Common Share, Cenovus Warrant or Cenovus Preferred Share, as applicable, shall receive the next lower whole number of Cenovus Common Shares, Cenovus Warrants or Cenovus Preferred Shares, as applicable.
The Cenovus Common Shares are listed and posted for trading on the TSX and the NYSE, and Cenovus is in material compliance with the applicable rules of the TSX and the NYSE.
Sundry debtors net of provision for doubtful debts increased to Rs. 2,231 million as at March 31, 2004 as against Rs. 2,028 million as at March 31, 2003.