Examples of Newco Option in a sentence
Options and Warrants Stock Options The Firebird Shareholders will be asked at the Meeting to approve the Newco Option Plan.
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As the Stock Option Plan of the Issuer will not carry forward to Newco, and in contemplation of the successful completion of the Arrangement, at the Meeting, Shareholders will be asked to consider, and if thought fit, pass the Newco Option Plan Resolution with or without variation, the full text of which is below.
In order to become effective, the Newco Option Plan Resolution must be approved by a simple majority of the votes cast by the shareholders of the Company, present in person or by proxy, at the Meeting.
As of the date of this Circular, Newco has not granted any options under the Newco Option Plan.
See the section of this Circular entitled "Approval of the Newco Option Plan".
The Change of Business will be completed pursuant to three transaction agreements involving the Company, copies of which are available under the Company’s profile on SEDAR at www.sedar.com.The text of the Newco Option Plan Resolution is found with the Circular at “Particulars of Matters to be Acted Upon”.
It is the intention of the Newco Board that options to acquire up to approximately 10% of the number of issued and outstanding Newco Shares then outstanding may be granted following the Arrangement pursuant to the Newco Option Plan to directors, officers, employees and consultants of Newco.
The exercise price per share of each AV Option assumed in accordance with this Section 1.4 ("Newco Options") shall be equal to the exercise price of such Newco Option immediately prior to the Effective Time.
A copy of the Newco Option Plan is set out in Appendix F to this Information Circular.