Examples of Existing Stock Option Plan in a sentence
The Corporation has the Existing Stock Option Plan for the granting of incentive stock options to the directors, officers, employees and consultants.
The existing Stock Option Plan (the “Existing Stock Option Plan”) is a “rolling” stock option plan under the policies of the TSXV, as under the Existing Stock Option Plan the Company is authorized to grant Options of up to 10% of its issued and outstanding Common Shares at the time of the stock option grant, from time to time.
The purpose of the Existing Stock Option Plan is to advance the interests of the Company by encouraging the directors, officers, employees and consultants of the Company to acquire Common Shares, thereby increasing their proprietary interest in the Company and furnishing them with additional incentive in their efforts on behalf of the Company in the conduct of its business and affairs.
Under the terms of the Existing Stock Option Plan, a maximum of 14,551,885 Common Shares (representing approximately 10% of the currently outstanding Common Shares of the Company) are reserved for issuance.
Each of the Existing Orius Options was issued pursuant to an Existing Option Agreement in the form previously delivered to LISN and the terms thereof are set forth in such Existing Option Agreement and the Existing Stock Option Plan.
In making the decision to seek Shareholder approval of the amendment to the Existing Stock Option Plan, management noted that the utilization of Options has been and will continue to be an important factor in attracting and keeping superior quality personnel.
No options were granted to the named executive officers during 2001 or through the Existing Stock Option Plan termination on April 9, 2002.
If the Stock Option Plan Resolution is not approved then the Existing Stock Option Plan will remain in force.
The purpose of granting options pursuant to the Existing Stock Option Plan is to assist the Corporation in compensating, attracting, retaining and motivating the directors, officers, employees and consultants of the Corporation and to closely align the personal interests of such persons to that of the shareholders.
At the Corporation's December 1, 2015 annual general meeting of Shareholders, the Corporation proposed and its Shareholders re-approved a 10% "rolling" stock option plan (the "Existing Stock Option Plan").