Examples of Existing Option Plan in a sentence
Having taken such precautions and having made such enquiries as are reasonable, the Company believes that it has complied with the general and specific requirements of the ASX Listing Rules as applicable from time to time which apply to disclosing entities and which require the Company to notify ASIC of information available to the stock market conducted by ASX, from the date of the Company’s admission to the Official List of the ASX.
The Omnibus Plan will supersede the Existing Option Plan and accordingly no further stock options will be granted under the latter plan.
As at July 31, 2021, the Existing Option Plan reserved Shares equal to a maximum of 10% of the issued and outstanding Shares for issue pursuant to the Existing Option Plan.
Prior to the Effective Time, the Company and each employee identified on Schedule 2.6 (each, a "Holder") shall enter into ------ a written agreement in form reasonably satisfactory to Parent and Company pursuant to which each Holder shall agree to terminate and cancel all outstanding options issued pursuant to the Company's 1993 Employee Stock Option Plan (the "Existing Option Plan") as of the Closing Date.
The maximum number of Shares reserved and available for issuance under the Plan shall equal the difference between (i) 9 percent of the total number of issued and outstanding shares of Stock (on a fully diluted basis assuming the exchange of all OP Units for Shares) and (ii) the number of Shares subject to options under the Existing Option Plan and the Trustees' Plan, calculated with respect to both clauses (i) and (ii) as of the Effective Date.