Examples of New Stock Option Plan in a sentence
The Company’s current stock option plan (the "New Stock Option Plan") was last approved by the shareholders on December 20, 2019.
The New Stock Option Plan increased the maximum number of common shares that may be reserved for issuance to 10% of the total number of issued and outstanding common shares on the date the stock options are granted.
Compensation costs attributable to share options granted to employees, directors or consultants are measured at fair value at the grant date and expensed with a corresponding increase to contributed surplus over the vesting period.At the Company's October 7, 2016 Annual General and Special Meeting of Shareholders, shareholders approved the New Stock Option Plan to replace the existing Old Stock Option Plan.
Stock options: The Company has reserved 5,145,000 common shares under its New Stock Option Plan which was last approved by the shareholders on December 20, 2019.
If the New Stock Option Plan is approved by the Shareholders, the Predecessor Option Plan will continue to exist but only for the purpose of governing the terms of all outstanding Options that have already been issued under the Predecessor Option Plan before the adoption of the New Stock Option Plan.