Examples of Common Share Rights in a sentence
The Common Share Rights Incentive Plan provides the holder the right to purchase common shares over a five year period.
The Trust Unit Rights Incentive Plan that was effective under the Trust was renamed on conversion the Common Share Rights Incentive Plan.
The fair value of options granted under the Stock Option Plan (the “Option Plan”), and the Restricted Options and Share rights governed under the Common Share Rights Incentive Plan (“CSRIP”) are recognized as compensation expense with a corresponding increase to other reserves in shareholders’ equity over the term of the options based on a graded vesting schedule.
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Share Rights Plan As a result of the conversion of the legal structure of Baytex Energy Trust (the “Trust”) from an income trust to a corporation at year-end 2010, all outstanding rights to acquire trust units of the Trust (“unit rights”) were exchanged for equivalent rights to acquire common shares of Baytex (“share rights”), which are governed by the terms of the Common Share Rights Incentive Plan (the “Share Rights Plan”).
Baytex had a Trust Units Rights Incentive Plan (the “Unit Rights Plan”), which was superseded by the Company’s Common Share Rights Incentive Plan (the “Share Rights Plan”) upon conversion from an income trust to a corporation as described in note 11.
The weighted average number of shares used to calculate per share amounts was as follows: For the second quarter of 2014, 12.4 million shares (2013 – 27.2 million) that would be issued under the Stock Option Plan (“Option plan”) and Common Share Rights Incentive Plan (“CSRIP”) were excluded in calculating the weighted average number of diluted shares outstanding as they were considered anti-dilutive.
The foregoing does not include the Common Share Purchase Rights outstanding under the Company's Common Share Rights Plan.
As at December 31, 2014, all of the grants were fully vested and the number of share unit options outstanding under the Common Share Rights Incentive Plan was 3,159 share unit options (December 31, 2013 - 496,918 share unit options).
The weighted average number of shares used to calculate per share amounts was as follows: For the third quarter of 2014, 14.5 million shares (2013 – 16.7 million) that were issuable on exercise of options or rights issued under the Stock Option Plan (“Option Plan”) and Common Share Rights Incentive Plan (“CSRIP”) were excluded in calculating the weighted average number of diluted shares outstanding as they were considered anti-dilutive.