TSX Venture Policies definition

TSX Venture Policies means the rules and policies of the TSX Venture as amended from time to time.

TSX Venture Policies means the rules and policies of the TSX Venture as amended from time to time. Other Words and Phrases

TSX Venture Policies means the rules and policies of the TSX Venture as amended from time to time. Other Words and Phrases 1.3 Words and phrases used in this Plan but which are not defined in the Plan, but are defined in the TSX Venture Policies (and, if applicable, the NEX Policies), will have the meaning assigned to them in the TSX Venture Policies (and, if applicable, NEX Policies). Gender 1.4 Words importing the masculine gender include the feminine or neuter, words in the singular include the plural, words importing a corporate entity include individuals, and vice versa.

Examples of TSX Venture Policies in a sentence

• It is the intention of the Company that this Plan will at all times be in compliance with the TSX Venture Policies (or, if applicable, the NEX Policies) and any inconsistencies between this Plan and the TSX Venture Policies) (or, if applicable, the NEX Policies) will be resolved in favour of the latter.

• It is the intention of the Company that this Plan will at all times be in compliance with TSX Venture Policies (or, if applicable, NEX Policies) and any inconsistencies between this Plan and TSX Venture Policies (or, if applicable, NEX Policies) will be resolved in favour of the latter.

• It is the intention of the Company that this Plan will at all times be in compliance with TSX Venture Policies and any inconsistencies between this Plan and TSX Venture Policies will be resolved in favour of the latter.

• At the date of grant of the Option, the Company is classified as [a Tier Issuer under TSX Venture Policies].

• The maximum aggregate number of Plan Shares that may be reserved for issuance under the Plan at any point in time is 10% of the Outstanding Shares at the time Plan Shares are reserved for issuance as a result of the grant of an Option, less any Common Shares reserved for issuance under share options granted under Share Compensation Arrangements other than this Plan, unless this Plan is amended pursuant to the requirements of the TSX Venture Policies and, if applicable, the NEX Policies.

• Words and phrases used in this Plan but which are not defined in the Plan, but are defined in the TSX Venture Policies (and, if applicable, the NEX Policies), will have the meaning assigned to them in the TSX Venture Policies (and, if applicable, the NEX Policies).

• Maximum Plan Shares 2.2 The maximum aggregate number of Plan Shares that may be reserved for issuance under the Plan at any point in time is 10% of the Outstanding Shares at the time Plan Shares are reserved for issuance as a result of the grant of an Option, unless this Plan is amended pursuant to the requirements of the TSX Venture Policies and, if applicable, the NEX Policies.

• It is the intention of the Company that, if and so long as the Company’s shares are listed on the TSX Venture Exchange (“TSX Venture”), this Plan will at all times be in compliance with the rules and policies of the TSX Venture (the ‘‘TSX Venture Policies”) and any inconsistencies between this Plan and the TSX Venture Policies whether due to inadvertence or changes in TSX Venture Policies will be resolved in favour of the latter.

• This Plan is effective as of December 23, 2010, subject to applicable Regulatory Approval and approval of the shareholders of the Company if required by the TSX Venture Policies.

• It is the intention of the Company that this Plan will at all times be in compliance with the TSX Venture Policies (as defined herein) and any inconsistencies between this Plan and the TSX Venture Policies) will be resolved in favour of the latter.

More Definitions of TSX Venture Policies

TSX Venture Policies means the rules and policies of the TSX Venture as amended from time to time.Other Words and Phrases 1.3 Words and phrases used in this Plan but which are not defined in the Plan, but are defined in the TSX Venture Policies (and, if applicable, the NEX Policies), will have the meaning assigned to them in the TSX Venture Policies (and, if applicable, NEX Policies). Gender 1.4 Words importing the masculine gender include the feminine or neuter, words in the singular include the plural, words importing a corporate entity include individuals, and vice versa. STOCK OPTION PLAN Establishment of Stock Option Plan 2.1 The Plan is hereby established to recognize contributions made by Service Providers and to create an incentive for their continuing assistance to the Company and its Affiliates. Maximum Plan Shares 2.2 The maximum aggregate number of Plan Shares that may be reserved for issuance under the Plan at any point in time is 10% of the Outstanding Shares at the time Plan Shares are reserved for issuance as a result of the grant of an Option, less any Common Shares reserved for issuance under share options granted under Share Compensation Arrangements other than this Plan, unless this Plan is amended pursuant to the requirements of the TSX Venture Policies (and, if applicable, NEX Policies). Eligibility 2.3 Options to purchase Common Shares may be granted hereunder to Service Providers of the Company, or its affiliates, from time to time by the Board. Service Providers that are not individuals will be required to undertake in writing not to effect or permit any transfer of ownership or option of any of its securities, or to issue more of its securities (so as to indirectly transfer the benefits of an Option), as long as such Option remains outstanding, unless the written permission of the TSX Venture and the Company is obtained. Options Granted Under the Plan 2.4 All Options granted under the Plan will be evidenced by a Stock Option Agreement in the form attached as Schedule A, showing the number of Optioned Shares, the term of the Option, a reference to vesting terms, if any, and the Exercise Price. 2.5 Subject to specific variations approved by the Board, all terms and conditions set out herein will be deemed to be incorporated into and form part of a Stock Option Agreement made hereunder. Limitations on Issue 2.6 Subject to §2.10, the following restrictions on issuances of Options are applicable under the Plan: (a) no Service Provider can be granted an Opt...

TSX Venture Policies means the rules and policies of the TSX Venture as amended from time to time. 2.2 Currency. Unless otherwise indicated, all dollar amounts referred to in this Plan are in Canadian funds. 2.3 Gender. As used in this Plan, words importing the masculine gender shall include the feminine and neuter genders and words importing the singular shall include the plural and vice versa, unless the context otherwise requires. 2.4 Interpretation. This Plan will be governed and construed in accordance with the laws of the Province of British Columbia.