DIRTT definition

DIRTT shall have the meaning ascribed thereto in the recitals.

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DIRTT or the “Corporation”).

DIRTT has the meaning set forth in the Preamble. (r)

Examples of DIRTT in a sentence

• Except as expressly provided otherwise herein, the term “Borrower” as used herein shall include DIRTT Environmental Solutions Ltd.

• This confidentiality undertaking is in addition to, and not in limitation of, any other confidentiality agreements or similar obligations relating to DIRTT by which the Employee may be bound.

• The Employee expressly consents to be bound by the provisions of this Agreement for the benefit of DIRTT or any of its subsidiaries, affiliates or assigns to whose employ of the Employee may be transferred without the necessity that this Agreement be re-signed at the time of such transfer.

• Nothing in this Agreement shall effect the existence or enforceability of any prior agreements entered into between the Employee and DIRTT unrelated to the subject matter of this Agreement.

• Per: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Title: Chief Financial Officer Borrower: DIRTT ENVIRONMENTAL SOLUTIONS, INC.

• Executive shall have 10 days to make such election following the 45 day period by providing written notice to DIRTT.

• The existing and new DIRTT System specified above, shall be Landlord’s property under the terms of the Lease.

• DIRTT will advance the Retention Cash Bonus to the Employee on the Retention Bonus Payment Date, provided that the Employee remains continuously and actively employed by DIRTT on such date.

• FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto , whose address and social insurance number, if applicable, are set forth below, this Initial 6.25% Debenture (or $ principal amount hereof*) of DIRTT ENVIRONMENTAL SOLUTIONS LTD.

• Vacation will be increased 1 week per year for every 5 years of the Executive’s service up to and including the 20th year of service, calculated from the date the Executive first commenced employment with DIRTT.

More Definitions of DIRTT

DIRTT or the “Company”) (TSX: DRT), an interior construction company using technology for client-driven design and manufacturing, announces it has agreed with recommendations provided by Iron Compass, LLC to add ▇▇▇▇ (▇▇▇▇) ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇ ▇▇▇▇▇▇ to the board of directors of the Company (the “Board”), effective immediately. “In January we renewed our commitment to engage with our shareholders to the betterment of the Company and all stakeholders. The addition of two great leaders, ▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇ ▇▇▇▇▇▇, is evidence of what can happen when constructive collaboration with our shareholders takes place,” says ▇▇▇▇▇ ▇▇▇▇▇, Lead Director. “Iron Compass put forward two truly talented and highly qualified nominees with impressive skill sets and track records that will enhance our board and contribute to DIRTT’s growth strategy.” Given the expertise ▇▇. ▇▇▇▇▇▇▇ and ▇▇. ▇▇▇▇▇▇ bring in leading and building successful companies, they will be participating in the recruitment of DIRTT’s new CEO. As such, both individuals will join existing directors ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇ on a newly-created CEO Search Committee with the mandate to recruit a talented external candidate with a track record of value creation to become the next CEO. “We are pleased with the addition of ▇▇. ▇▇▇▇▇▇▇ and ▇▇. ▇▇▇▇▇▇ in order to enhance the Board and executive search process,” said ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, Partner, Iron Compass. “Like the Board, we believe that DIRTT is a special company with an ability to create significant long-term shareholder value. ▇▇. ▇▇▇▇▇▇▇ and ▇▇. ▇▇▇▇▇▇ can be instrumental in helping the Company to execute on the opportunity.” To immediately accommodate these appointments, long-serving director ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ who joined the Board in 2005 has retired from the Board and Interim CEO ▇▇. ▇▇▇▇▇▇▇▇▇ will step down as a Director. ▇▇. ▇▇▇▇▇▇▇▇ has agreed to remain involved with the Company as a special advisor to the Company with respect to Partners. ▇▇. ▇▇▇▇▇▇▇▇▇ will continue to lead the Company, with full scope and authority as Interim CEO, and will work closely with the Board and participate in Board meetings as an observer. ▇▇▇▇▇▇▇ ▇▇▇▇▇ who also joined the Board in 2005 will not be nominated to serve as a Director at the June 26, 2018 meeting consistent with the Board’s focus on renewal and on having truly independent directors. “On behalf of the entire DIRTT family, we would like to thank ▇▇▇▇▇▇▇▇ for his commitment and leadership to our company over th...

DIRTT or the “Corporation”) as of the 17th day of January, 2018.

DIRTT or the “Company”), and Iron Compass LLC and Iron Compass GP, LLC, on behalf of and for the account of Iron Compass Partners LP and Iron Compass North Partners LP (collectively, “Iron Compass”), who have each agreed to be bound by this Agreement (all of the foregoing, the “Parties”).