Examples of Existing Stock Option Plan in a sentence
The maximum number of the First Stock Options will be granted as incentive stock options within the meaning of Section 422(b) of the Internal Revenue Code of 1986, as amended which are allowable under and will be subject to and governed by all the terms of the Existing Stock Option Plan (the "First Stock Options").
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.
Any affiliated organization which does not pay its per capita tax on or before the specified time shall be notified of that fact by the Secretary- Treasurer of the Federation.
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").
Exceptions will only be made for unusual circumstances such as illness or by prior arrangement (or at the discretion of the instructor).
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.
The Board and management is of the view that the Existing Stock Option Plan does not have enough Common Shares reserved for option grants to meet the Company’s future needs in the short term.
The Existing Stock Option Plan and the New Stock Option Plan will represent in the aggregate up to 17% of the Company’s post Closing share capital (on a fully diluted basis).1.10.
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.
Pursuant to Section 6(k) of the Existing Stock Option Plan and Section 10 of each of the Existing Option Agreements pursuant to which Orius has granted employee stock options, effective as of the Effective Time Orius shall terminate each then outstanding Existing Orius Option to the extent it has not theretofore been exercised in full.