Examples of Old Plan in a sentence
Benefits providedThe ERS Plan supports three benefit tiers: Old Plan, New Plan, and Georgia State Employees’ Pension and Savings Plan (GSEPS).
The majority of options granted under the Old Plan were granted to former executives of the Company.On September 20, 2011, the shareholders of the Company approved a new stock option plan (the “Plan”).
Options under the Old Plan vest over various periods from the date of the granting of the option.
The maximum number of Common Shares that may be reserved for issue under the Old Plan is 2,000,000 Common Shares.
All options granted under the Old Plan that have not been exercised within ten years of the grant will expire, subject to earlier termination if the optionee ceases to be an officer, director, employee or consultant of the Company.