Examples of Share Compensation Plan in a sentence
Under this plan, the aggregate number of common shares that may be reserved and available for grant and issuance pursuant to the exercise of options and settlement of RSUs, each under the Share Compensation Plan, shall not exceed 20% (in the aggregate) of the issued and outstanding Common Shares at the time of granting.
Stock OptionsThe Board of Directors has adopted the Share Compensation Plan on November 4, 2022.
The Share Compensation Plan provides participants (each, a “ Participant”), who may include participants who are citizens or residents of the United States (each, a “US Participant”), with the opportunity, through RSUs and Options, to acquire an ownership interest in the Company.
Mechanics for RSUs RSUs awarded to Participants under the Share Compensation Plan are credited to an account that is established on their behalf and maintained in accordance with the Share Compensation Plan.
To approve the Company’s Share Compensation Plan and all unallocated entitlements under the Share Compensation Plan.