Examples of Resulting Issuer Stock Option Plan in a sentence
See Opal’s “Statement of Executive Compensation” attached as Schedule “D” to this Listing Statement for information regarding the Resulting Issuer Stock Option Plan.To briefly summarize, under the Resulting Issuer Stock Option Plan, the Options are non-assignable and may be granted for a term not exceeding 10 years from the date of grant.
The exercise price of options granted under the Resulting Issuer Stock Option Plan will be determined by the board of directors of the Resulting Issuer, provided that it is not less than the price permitted by the Exchange, or, if the shares are no longer listed on the Exchange, then such other exchange or quotation system on which the shares are listed or quoted for trading.Amendment.
Options that have been cancelled or that have expired without having been exercised will continue to be issuable under the Resulting Issuer Stock Option Plan.
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Subject to the termination and change of control provisions noted below, the terms of any Resulting Issuer Stock Option granted under the Resulting Issuer Stock Option Plan is determined by the Resulting Issuer Board and may not exceed ten (10) years from the date of grant.