Examples of DSG Plan in a sentence
Approval of an ordinary resolution approving amendments to the DSG Plan as more fully described in the Information Circular.
Directors are required to receive a minimum of $15,000 of their annual base retainer in DSGs and/or Common Shares and may elect to take all or a portion of the balance of their base retainer, attendance, Chair (including Lead Director), and Vice Chair fees in DSGs and/or Common Shares, in each case, pursuant to the Just Energy DSG Plan.
The price used to determine the number of DSGs and Common Shares granted to directors pursuant to the DSG Plan during the year ended March 31, 2011 was: $12.86 for the quarter ended June 30, 2010; $14.16 for the quarter ended September 30, 2010; $14.58 for the quarter ended December 31, 2010 and $15.22 for the quarter ended March 31, 2011, being the weighted average trading price of Common Shares on the TSX for the 10 trading days preceding each quarter end of Just Energy.
The purpose of the Just Energy DSG Plan is to provide effective incentives for the independent directors to promote the business and success of Just Energy by encouraging the ownership of DSGs and/or common shares.
The Directors, who approved the ordinary resolution on May 16, 2013 determined that the ordinary resolution is in the best interest of Just Energy, its shareholders and other stakeholders and recommend that holders of common shares vote ‘‘FOR’’ the ordinary resolution approving the amendment to the DSG Plan as described in below.
Based on previous research, it will be proposed that teachers can affect how learners process language and apply their knowledge to practice speaking.
Since the DSG Plan was first established in 2004, Just Energy has, prior to April 1, 2013, granted 179,625 fully paid DSGs. and common shares to directors of the 200,000 currently authorized DSGs and common shares.
Weld David Wagstaff(4) Notes:(1) Non-management directors are required to receive a minimum of fifteen percent of their annual base retainer in DSGs and/or common shares and may elect to take all or a portion of the balance of their base retainer and chair (including lead director) fees in DSGs and/or common shares, in each case, pursuant to the Just Energy DSG Plan described in detail on page 39 of this circular.
For the year ended March 31, 2013, the non-management directors of Just Energy were required to receive $15,000 of their $65,000 annual base retainer in fully paid deferred share grants (‘‘DSGs’’) and/or common shares (with one-quarter thereof issuable at the end of each quarter) and are entitled to elect to receive all or a portion of their remaining director’s fees in fully paid DSGs and/or common shares of Just Energy pursuant to the Just Energy DSG Plan.
Medium-term fiscal planning is rudimentary and lacks credibility with the public.