Examples of Legacy Option Plan in a sentence
Following the closing of the Company’s IPO, no further awards were made under the Legacy Option Plan.
The Legacy Option Plan continues to govern awards granted thereunder.
Immediately prior to the completion of the Company’s May 2015 IPO, and in connection with the closing of the offering, each option outstanding under the Legacy Option Plan became exercisable for one Class B multiple voting share.
The majority of grants outstanding under both the Stock Option Plan and the Legacy Option Plan have been approved with a four year vesting schedule with 25% vesting after one year and the remainder vesting evenly over the remaining 36 months.
In connection with its initial public offering (“IPO”) in March 2017, the Company amended the Legacy Option Plan such that outstanding options granted under the Legacy Option Plan became exercisable for Subordinate Voting Shares, and no further awards would be made under the Legacy Option Plan.