Examples of Shellbridge Stock Option Plan in a sentence
The Shellbridge Stock Option Plan will be administered by the board of directors of Shellbridge or by a committee of independent directors designated by the board.
In addition, the aggregate number of Shellbridge Shares reserved for issuance to insiders under the Shellbridge Stock Option Plan, together with all other share compensation arrangements of Shellbridge, shall not exceed 10% of the total number of issued and outstanding Shellbridge Shares (on a non-diluted basis).
OTHER MATTER TO BE BROUGHT BEFORE THE MEETING Approval of Shellbridge Stock Option Plan At the Meeting, the Shareholders will be asked to consider and, if deemed advisable, approve the adoption by Shellbridge of a stock option plan (the “Shellbridge Stock Option Plan”) which will authorize the Shellbridge board of directors to issue stock options to directors, officers, employees or other service providers of Shellbridge and its Subsidiaries.
If any provision is determined to be unenforceable, the remainder of this agreement shall remain in full force and effect.
Shellbridge Stock Option Plan Only Shareholders at the close of business on the Record Date will be entitled to vote in relation to the ordinary resolution to approve the Shellbridge Stock Option Plan.
The Parties agree that the VCLT establishes the rules governing interpretation of the ECT.
Table 08: Main Indicators of the Logic Framework of the Range of the Project.Indicator of RangeTargetAchieved% against targetTotal number of direct beneficiary families.12,00014,110117.6%- Women in families benefitted (*)4,8003,20966.9%- Young people in families benefitted (*)3,6001,81850.5%- Families from traditional communities (*)60057295.3%Source: M&E – (*) Data referring only to 6,127 families benefitting from BPs. Unfortunately, the data referred to the other action lines has not been broken down.
The price per share at which Shellbridge Shares may be purchased under the Shellbridge Stock Option Plan (the “Option Price”), as may be adjusted pursuant to the provisions of the Shellbridge Stock Option Plan, shall be fixed by the board of directors of Shellbridge at the time of the grant but shall not be lower than the market price per Shellbridge Share.
For purposes of the Shellbridge Stock Option Plan, the market price means the closing price per Shellbridge Share on the stock exchange on which the Shellbridge Shares are listed for the last day Shellbridge Shares were traded prior to the date of the grant.
The aggregate number of Shellbridge Shares reserved for issuance to any one person under the Shellbridge Stock Option Plan, together with all other share compensation arrangements of Shellbridge, shall not exceed 5% of the total number of issued and outstanding Shellbridge Shares (on a non-diluted basis).