Compensation Shares means previously unissued Shares which are issuable upon the exercise of the Compensation Options;

Compensation Shares has the meaning ascribed thereto in the opening paragraphs of this Agreement;

Compensation Shares means the Common Shares underlying the Compensation Options;

Examples of Compensation Shares in a sentence

The Contractor covenants and agrees that, with respect to the Compensation Shares that it receives, it shall, at all times that it is the beneficial owner of such shares, vote such shares on all matters coming before it as a stockholder of the Company in the same manner as the majority of the board of directors of the Company shall recommend.
It is understood and agreed that the number of Compensation Shares granted hereunder is based upon a conversion price of $0.045 per share.
Compensation Shares burn rate: calculated as the total number of Compensation Shares granted in the applicable year, divided by the fully diluted weighted average shares outstanding in the applicable year.
For greater certainty no fractional Compensation Shares will be issued but the Contractor will be entitled to receive one whole Compensation Share if, but for this section, the Contractor would otherwise be entitled to receive a fractional Compensation Share.
Total (Combined) Burn Rate: calculated as total number of securities (Compensation Shares and Options) granted in the applicable year, divided by the fully diluted weighted average shares outstanding in the applicable year.

More Definitions of Compensation Shares

Compensation Shares means the Common Shares to be issued upon exercise of the Compensation Warrants.

Compensation Shares means the Common Shares issuable upon exercise of the Compensation Warrants.

Compensation Shares means shares of Stock issued to a Participant pursuant to this Plan and, where appropriate, includes any securities distributable to the Participant by reason of his or her ownership of Compensation Shares; provided that any such securities shall, for purposes of Section 3.1, be treated as if they had been issued at the time the Compensation Shares giving rise to such distribution were first issued (or are deemed to have been issued) to the Participant.

Compensation Shares shall have the meaning ascribed thereto in Section 11 hereof;

Compensation Shares has the meaning ascribed to such term in Section 15 hereof.

Compensation Shares has the meaning set out in Section 3.2;

Compensation Shares means the 32,280,000 Common Shares issued to the Integrated Cyber Members pursuant to the Purchase Agreement on the Acquisition Closing Date.