Examples of ATS Common Shares in a sentence
On May 18, 2022, the RSU plan was amended so that RSUs granted may be settled in ATS Common Shares, where deemed advisable by the Company, as an alternative to cash payments.
If the Spin-Off consists of more than one class of Photowatt Common Shares, each record holder of ATS Common Shares shall receive Photowatt Common Shares of each class, calculated as provided above, except that the calculation shall be performed separately for each such class.
For the purpose of this Section 4.3, the contemplated distribution of Photowatt Common Shares owned by ATS to record holders of ATS Common Shares entitled to receive Photowatt Common Shares in connection with the Spin-Off may take place directly or indirectly, by way of a single step or a series of one or more intermediate steps, including one or more distributions of shares of one or more Affiliates of ATS.
After the Spin-Off, until such Photowatt Common Shares are duly registered in the names of the record holders of ATS Common Shares entitled to receive Photowatt Common Shares in connection with the Spin-Off, in accordance with applicable Law, Photowatt shall regard the Persons entitled to receive such Photowatt Common Shares as record holders of Photowatt Common Shares in accordance with the terms of the Spin-Off without requiring any action on the part of such Persons.
It is the Company's intention to settle these RSUs with ATS Common Shares and therefore the Company measures these RSUs as equity awards based on fair value.
Under ATS’ shareholding guidelines for its directors, directors must hold ATS Common Shares and DSUs with an aggregate value of at least $344,000 and the Chairman must hold ATS Common Shares and DSUs with an aggregate value of at least $781,000 (the “Director Ownership Guidelines”).
All stock options granted have an exercise price equal to the market price of the underlying ATS Common Shares at the time of grant.
Reappointment of Independent Auditors At the Meeting, the holders of ATS Common Shares will be requested to reappoint Ernst & Young LLP as the auditor of the Corporation to hold office until the next annual meeting of shareholders or until a successor is appointed, and to authorize the Board to fix the auditor’s remuneration.
Share Ownership GuidelinesThe Corporation requires its non-executive directors to have a minimum shareholding of ATS Common Shares (and/or DSUs) having an aggregate value of not less than five times the annual Board cash retainer (excluding committee-related retainers), based on the higher of the price at the date of purchase/grant and the current market price.
Option-based awards that vested with a market price less than the exercise price on the vesting date have been excluded from the calculation.2 The value of the RSUs vested during the year was calculated based on the 20-day volume-weighted average trading price of the ATS Common Shares on the TSX as of the vesting date.