Examples of Legacy Option Plan in a sentence
If there is a significant change in mix proportions, weather conditions, or other controlling factors, the Engineer will require construction of test strips to check target density.
The table below summarizes the activity related to the Legacy Option Plan for the nine months ended September 30, 2021 and 2020: Nine months ended September 30, 2021 September 30, 2020 The fair values of the Legacy Options were calculated using the Black-Scholes Option Pricing Model as at September 30, 2021 and 2020.
As at December 31, 2022, there were 2,427,776 Options, 838 RSUs, 23,865 DSUs and 158,857 PSUs issued and outstanding under the Long-Term Incentive Plan and 393,500 Options issued and outstanding under the Legacy Option Plan, collectively representing approximately 7.2% of the issued and outstanding Common Shares.
If all of the vesting criteria is not met, the Second Modified Options are forfeited for no consideration.The Company has accounted for the modifications as a cancellation of the original Legacy Options and the issuance of new Legacy Options.The Legacy Option Plan has been classified as a cash-settled share-based payment arrangement.
The previous grants of Options were not taken into account when considering new grants under the Legacy Option Plan.