Examples of Xxxx Options in a sentence
In addition to the foregoing, Earn Out Awards with a value equivalent to 2,037,320 shares of New Xxxxxx Xxxx Common Stock will be granted under the Incentive Plan to certain holders of Xxxxxx Xxxx Options.
A total of 354,167 of the Xxxx Options are exercisable by Xx. Xxxx as of the date of the filing of this Statement.
Certain of the Xxxx Options granted during 1993 to one individual were granted contingent on certain future performance criteria and are accounted for as a variable plan.
The Excellon Shares to be issued to Xxxx Shareholders in connection with the Arrangement and to be issued pursuant to exercise or conversion of any of the Xxxx Options and Xxxx Warrants shall have been approved for listing on the TSX, subject only to satisfaction of the customary listing conditions of the TSX and Excellon shall have delivered evidence thereof satisfactory to Xxxx, acting reasonably.
The following table summarizes stock option activity: 1993 and 1997 Stock Option Plans Xxxx Options -------------------- -------------------- Weighted Weighted Shares Number of Average Number of Average Available Options Exercise Options Exercise For Grant Outstanding Price Outstanding Price --------- ----------- -------- ----------- -------- Outstanding at December 31, 1997................