Examples of Existing Option Plan in a sentence
PARTICULARS OF OTHER MATTERS TO BE ACTED UPON Reconfirmation of the Existing Option Plan At the Meeting, shareholders will be asked to pass a resolution re-confirming the Corporation’s existing Stock Option Plan dated May 3, 2004, as amended and restated June 1, 2007 (the “Option Plan”) as set out below.
The maximum number of Shares that are issuable to Insiders, within any 12 month period, pursuant to Awards granted under the Plan, or when combined with all of the Corporation’s other Share Compensation Arrangement (including the Existing Option Plan), cannot exceed ten percent (10%) of the Corporation’s total issued and outstanding Shares.
The maximum number of Shares that are issuable pursuant to all Awards granted under the Plan, or when combined with all the Corporation’s other Share Compensation Arrangement (including the Existing Option Plan), granted or issued in any 12 month period to any one Person, cannot exceed five percent (5%) of the Outstanding Issue as of the date of grant or issue, unless the requisite disinterested shareholder approval has been obtained by the Corporation in accordance with the policies of the Exchanges.
Stock options (“Options” and together with the Share Units, “Awards”) granted under the Existing Option Plan will remain outstanding and be governed by the terms of the Omnibus Plan if the Omnibus Plan is approved by the Shareholders of the Corporation.
Options granted under the Existing Option Plan will remain outstanding and be governed by the terms of the Omnibus Plan if the Omnibus Plan is approved by the shareholders of the Company.