Number of Optioned Shares. The number of Shares that may be acquired under an Option granted to a Participant shall be determined by the Board as at the time the Option is granted, provided that the aggregate number of Shares reserved for issuance to any one Participant under this Plan or any other Security Based Compensation Arrangement, shall not exceed five percent (5%) of the total number of issued and outstanding Shares (calculated on a non-diluted basis).
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Samples: Employment Agreement (Oncolytics Biotech Inc), Employment Agreement (Oncolytics Biotech Inc), Employment Agreement (Oncolytics Biotech Inc)
Number of Optioned Shares. The number of Shares that may be acquired under shares subject to an Option granted to a Participant shall be determined by the Board as at of Directors, but no Participant, upon the time Corporation becoming listed on any stock exchange, shall be granted an Option which exceeds the Option is granted, provided that the aggregate maximum number of Shares reserved for issuance to shares permitted by any one Participant under this Plan stock exchange on which the common shares are then listed or any other Security Based Compensation Arrangement, shall not exceed five percent (5%) of the total number of issued and outstanding Shares (calculated on a non-diluted basis)regulatory body having jurisdiction.
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