Examples of Amalco Options in a sentence
If, before the expiry of an option the employment of the optionee by the Corporation or by any Subsidiary of the Corporation shall terminate for any reason whatsoever other than termination by the Corporation for cause, all Amalco Options granted to optionees shall expire and terminate within 60 days of the optionee ceasing to be a director, officer, full-time employee or consultant of the Corporation.
Additionally, the Amalco Stock Option Plan provides (unless the Amalco board of directors determines otherwise) for the acceleration of the vesting period for any Amalco Options granted if an unsolicited proposal is made with respect to Amalco or a take-over bid which is not exempt from the take-over bid requirements of the Securities Act (Alberta) is made for the Amalco Shares.
New Amalco Options may be granted to the directors and officers following the completion of the Transaction.
Pursuant to the Amalgamation, Amalco will issue a total of 58,643,413 Amalco Shares for a total aggregate consideration of $41,050,389, 382,332 Amalco Warrants, 310,301 Amalco Broker’s Warrants, 6,005,032 Amalco Options, 868,000 Amalco Compensation Options and 100,000 Amalco Agent’s Options.
Upon completion of the Amalgamation, there will be 925,000 Amalco Options outstanding.