Discounted Market Price definition

Discounted Market Price of Shares means, if the Shares are listed only on the TSX Venture Exchange, the Market Price less the maximum discount permitted under the TSX Policy applicable to Options.

Discounted Market Price means the last per share closing price for the Common Shares on the Exchange before the date of grant of an Option, less any applicable discount under Exchange Policies;

Discounted Market Price means the Market Price less the discount set forth below, subject to a minimum price of $0.10:

Examples of Discounted Market Price in a sentence

• Options may be exercised at a price that shall be fixed by the Board at the time that the Option is granted (the “Exercise Price”), provided that such Exercise Price shall in no event be lower than the Discounted Market Price, as such term is defined by the policies of the Exchange, or the lowest price permitted by the policies of the Exchange.

• The exercise price of the Common Shares covered by each option shall be determined by the Board, provided however, that the exercise price shall not be less than the lowest price permitted by any stock exchange on which the Common Shares are then listed, or other regulatory body having jurisdiction, subject that the exercise price will not be lower than the Discounted Market Price as defined in the TSXV’s policies.

• Where the ASX Listing Rules or the TSXV policies specify or require a minimum price, the option exercise price in respect of an Option must not be less than any price specified in the ASX Listing Rules and the Discounted Market Price (as such term is defined in the policies of the TSXV), or any other minimum price specified in the polices of the TSXV from time to time.

• If the Shares are listed on the TSXV, the Option Exercise Price in respect of an Option offered under an Offer must not be less than the Discounted Market Price (as such term is defined in the policies of the TSXV) or any other minimum price specified in the policies of the TSXV.

More Definitions of Discounted Market Price

Discounted Market Price means the Market Price of the Common Shares, less a discount of up to 25% if the Market Price is $0.50 or less; up to 20% if the Market Price is between $2.00 and $0.51; and up to 15% if the Market Price is greater than $2.00;

Discounted Market Price means, in respect of Shares on a particular Grant Date, the Market Price less the maximum discount permitted by the. Exchange.

Discounted Market Price means the closing trading price per Share on the Exchange on the last trading day preceding (i) the issuance of a news release in respect of the Option grant, or (ii) the date of grant, as applicable, on which there was a closing price (less the applicable discount), or, if the Shares are not listed on any stock exchange, a price determined by the Administrators.

Discounted Market Price means the Market Price less the following maximum discounts based on closing price (and subject, notwithstanding the application of any such maximum discount, to a minimum price per share of $0.05): closing price up to $0.50 (25%), closing price up from $0.51 to $2.00 (20%), closing price above $2.00 (15%).

Discounted Market Price means the Market Price less the following maximum discounts based on closing price (and subject, notwithstanding the application of any such maximum discount, to a minimum price per share of

Discounted Market Price means the greater of the closing market price of the underlying securities on (a) the trading day prior to the date of grant of the option; and (b) the date of grant of the option.

Discounted Market Price means the Market Price less a discount which shall not exceed the amount set forth below, subject to a minimum price of $0.10;