Examples of Company Share Option Plan in a sentence
Share Option Plans The Company operates three discretionary incentive share option plans: the Serica Energy Plc Long Term Incentive Plan (the "LTIP"), which was adopted by the Board on20 November 2017 which permits the grant of share-based awards, the 2017 Serica Energy plc Company Share Option Plan (“2017 CSOP”), which was adopted by the Board on 20 November 2017, and the Serica 2005 Option Plan, which was adopted by the Board on 14 November 2005.
Each Company Share Option (i) was granted in compliance with all applicable laws and all of the terms and conditions of the Company Share Option Plan.
Other than in respect of awards outstanding under or pursuant to the Company Share Option Plan, no Common Shares are reserved for issuance.
As of the date hereof, there are (i) outstanding share options issued under the Company’s Share Option Plan to purchase an aggregate of 2,367,662 Common Shares (each, a “Company Share Option”) and (ii) 1,277,339 Common Shares reserved for issuance under the Company Share Option Plan.
A new plan, the Serica Energy plc Company Share Option Plan (“Serica CSOP”), was approved for adoption at the Company’s AGM in June 2016.
The Group operates four share plans: The Fulham Shore Enterprise Management Incentive (“EMI”) Share Option Plan; The Fulham Shore Unapproved Share Option Plan (“Unapproved Plan”); The Fulham Shore Company Share Option Plan (“CSOP”); and The Fulham Shore Share Incentive Plan (“SIP”) The Group’s Share Plans provide for a grant price equal to the market price of the Company shares on the date of grant.
After CPCE and CPCW became ineligible to grant any further EMI options, each company adopted a tax advantaged Company Share Option Plan (CSOP) in 2016 and made further option grants under those plans over the respective company’s shares.
On 4 July 2018, the Group established a Company Share Option Plan (“CSOP”) under which 4,890,000 share options were granted to key employees.
Where an Award is intended to qualify as an Approved Option (as defined in the 2013 Approved Company Share Option Plan, the rules of which are set out in Appendix A), such Award shall be subject to the provisions of the 2013 Approved Company Share Option Plan.
The Company has established a Company Share Option Plan (‘CSOP’), which was approved by HMRC in November 2013.