Examples of Compensation Options in a sentence
The Director acknowledges that each grant of Compensation Options is subject to applicable rules of any stock exchange or regulatory body having jurisdiction over the securities of the Company.
Both the Director and the Company agree that, in the event of Director’s resignation or termination with cause as a Director of the Company, the Company may cancel any Compensation Options that have not been granted.
In consideration of the Director agreeing to join the Board of Directors and enter into this Agreement and providing the Services to be rendered by the Director pursuant to this Agreement, the Company shall grant to the Director 10,000,000 options to purchase common shares in the capital stock of the Company (the "Compensation Options") with an exercise price of $0.10, immediate vesting and term of five years from date of grant.
The Company issued 420,000 Compensation Options to the agent as compensation in connection with the Supplement Offering.