Examples of Deferred Share in a sentence
Deferred share units:The Company has a Deferred Share Unit Plan under which eligible directors of the Company receive awards of deferred share units on a quarterly basis as payment for 50% to 100% of their director fees earned.
On a winding up of the Company, the holder of a Deferred Share shall not be entitled to any repayment of capital except for whichever is the lesser of: (i) US$0.01 per Deferred Share; or (ii) the nominal value of each such Deferred Share, payable, in either such case, only after the sum of US$10,000 has been paid in respect of each Ordinary Share.
Item 4 – Approval of Deferred Share Unit Plan The Board has adopted a deferred share unit plan (the “DSU Plan”) effective July 1, 2015, the particulars of which are described below.
Subject to the provisions of the Acts and to any relevant authority of the Company in general meeting required by the Acts, the Board shall be entitled, for the purpose of giving effect to any conversion, consolidation or sub-division of Deferred Shares into any other class of shares of the Company, to nominate a person to execute any form of transfer or other document necessary to give effect thereto as attorney or agent for the holder of any such Deferred Share.