Examples of DSU Plan in a sentence
The maximum number of Common Shares reserved for issuance at any time and issued within any one-year period to insiders of the Company under all security-based compensation arrangements, including the DSU Plan and the RSU Plan, cannot exceed 10% of the issued and outstanding Common Shares.
For the time being, the DSU Plan will serve as a method of deferring director fee compensation of the Board.
The DSU Plan will be available for inspection and placed before the Shareholders for approval at the Meeting.
Each DSU Award entitles the DSU Participant to receive, subject to adjustment as provided for in the DSU Plan, a lump sum cash payment or, at the Company’s discretion, Common Shares equal to the whole number of DSUs credited to the DSU Participant (plus a cash settlement for any fraction of a DSU).
The DSU Plan will also be posted on the Company’s website at www.americassilvercorp.com/s/agm.asp.