Examples of Old Fording in a sentence
The sole purpose of the Exchange Option Plan was to issue the exchange options in order to preserve the existing rights of Old Fording optionholders following completion of the 2003 Arrangement.
Option plan Under the 2003 Arrangement, all options to purchase common shares of Old Fording were exchanged for options to purchase units of the Trust.
These consolidated financial statements reflect the financial position, results of operations and cash flows as if the Trust had always carried on the businesses formerly carried on by its predecessor company, Fording Inc., being the public company existing prior to the Arrangement (Old Fording).
For example, the objects of an activity in an RNLS might be “employees or contractors.” In this case, the restricted statement is divided into two statements, one whose object is “employees” and another whose object is “contractors”.
Information in this table includes, in respect of the period prior to February 28, 2003, the effective date of the 2003 Arrangement, compensation paid to such Named Executive Officers as employees of Old Fording.
Exchange of 40.0 million shares of Old Fording for an equivalent number of units of the Trust.
The Consolidated Financial Statements reflect the financial position, results of operations and cash flows as if the Trust had always carried on the businesses formerly carried on by its predecessor, Fording Inc., being the public company existing prior to the 2003 Arrangement (Old Fording).
Units issued and outstanding(in millions of units and Canadian dollars) Balance, beginning of period 147.0 $ 357.9 147.0 $ 357.7 Issued on exercise of options - - - 0.2 Other - 1.5 - 1.5 Balance, end of period 147.0 $ 359.4 147.0 $ 359.4 Market value of units, September 30, 2005 $ 7,287.0 $ 7,287.0 Under the Arrangement, all options to purchase common shares of Old Fording were exchanged for options to purchase units of the Trust under the exchange option plan.
These amounts do not apply to a Named Executive Officer who participates in the defined contribution components of the Basic Plan and the Supplemental Plan.Table of Contents Change of Control Agreements Old Fording entered into change of control agreements with certain members of its senior management in connection with becoming a public company in 2001.
Options to purchase units in the Trust and, prior to the reorganization, options to purchase shares in Old Fording had a different intrinsic value before and after going public.