Performance Warrants means the performance warrants of the Corporation which expire on January 31, 2025, with each performance warrant providing the right to purchase one Common Share at a price of $3.00 per Common Share.

Performance Warrants means those warrants specified as Performance Warrants issuable pursuant to Purchase Agreement.

Performance Warrants means the performance warrants issued to directors, officers, employees and consultants of the Company, no further awards of which are to be granted since the closing of the IPO. Each whole Performance Warrant is exercisable for one-fifth of a post-consolidation Common Share upon the payment of the applicable exercise price.

Examples of Performance Warrants in a sentence

As the Performance Warrants are exercisable in the Canadian dollar, the Performance Warrants were accounted for as a derivative liability.
Pursuant to the RTO, the Company changed its functional currency from USD to Canadian dollars (consistent with the exercise currency) and as such, the Performance Warrants were no longer considered derivative liabilities.
In case of change of control, the employee is entitled to receive a severance payment equal to twenty-four (24) months of basic salaries and immediate vesting of Performance Warrants.
In case of termination of the employment agreement by the Company without cause, or by the employee for cause, the employee is entitled to receive a severance payment equal to twelve (12) months of basic salaries and immediate vesting of Performance Warrants.
As such, the fair value of the December 2018 Performance Warrants was recognized as a warrant liability, inclusive of a probability weighting associated with the performance incentive being met.

More Definitions of Performance Warrants

Performance Warrants means performance warrants to purchase Common Shares issued to certain directors, officers and employees of the Company.

Performance Warrants has the meaning ascribed to such term in Section 3.6(a) hereof;

Performance Warrants means those performance warrants for 61,111 -------------------- shares of Stock issued on December 30, 1994 to the Purchasers (as defined below).

Performance Warrants means the 6,650,000 non-transferable common share purchase warrants issued by the Company to Daniel Beck and Nelson Ijih as consideration for their contribution of certain intellectual property to the Company, each such warrant entitling the holder to acquire one (1) Share at a price of $0.05 per warrant until February 1, 2023, provided certain milestones are met;

Performance Warrants means the non-transferable, divisible warrants to purchase the Company's Common Stock that are issued at the time that certain minimum funding levels are achieved, as are more fully defined in Section 5.3(f), below.

Performance Warrants means warrants to purchase Common Shares with each such performance warrant entitling the holder to purchase one Common Share, subject to the terms and conditions of the Performance Warrant Plan.

Performance Warrants shall have the meaning set forth in the first -------------------- WHEREAS clause hereof.