Common use of Share Option Plans Clause in Contracts

Share Option Plans. Except as disclosed in the SEC Reports, each share option granted by the Company under the Company’s share option plan was granted (i) in accordance with the terms of the Company’s share option plan and (ii) with an exercise price at least equal to the fair market value of the Ordinary Shares on the date such share option would be considered granted under IFRS and applicable law. No share option granted under the Company’s share option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, share options prior to, or otherwise knowingly coordinate the grant of share options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

Appears in 2 contracts

Samples: Securities Purchase Agreement (NAKED BRAND GROUP LTD), Securities Purchase Agreement (NAKED BRAND GROUP LTD)

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Share Option Plans. Except as disclosed in the SEC Reports, each share option granted by the Company under the Company’s share option plan was granted (i) in accordance with the terms of the Company’s share option plan and (ii) with an exercise price at least equal to the fair market value of the Ordinary Shares on the date such share option would be considered granted under IFRS GAAP and applicable law. No share option granted under the Company’s share option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, share options prior to, or otherwise knowingly coordinate the grant of share options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

Appears in 1 contract

Samples: Securities Purchase Agreement (NAKED BRAND GROUP LTD)

Share Option Plans. Except Other than as disclosed in the SEC ReportsDocuments or IPO Prospectus, each share option granted by the Company under the Company’s share option plan was granted (i) in accordance with the terms of the Company’s applicable share option plan of the Company and (ii) with an exercise price at least equal to the fair market value of the Ordinary Common Shares on the date such share option would be considered granted under IFRS and applicable lawApplicable Law. No share option granted under the Company’s share option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice of the Company to knowingly grant, share options prior to, or otherwise knowingly coordinate the grant of share options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

Appears in 1 contract

Samples: Securities Restructuring Agreement (Sundial Growers Inc.)

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Share Option Plans. Except Other than as disclosed in the SEC ReportsDocuments or IPO Prospectus, each share option granted by the Company under the Company’s share option plan was granted (i) in accordance with the terms of the Company’s applicable share option plan of the Company and (ii) with an exercise price at least equal to the fair market value of the Ordinary Common Shares on the date such share option would be considered granted under IFRS and applicable law. No share option granted under the Company’s share option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice of the Company to knowingly grant, share options prior to, or otherwise knowingly coordinate the grant of share options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

Appears in 1 contract

Samples: Securities Purchase Agreement (Sundial Growers Inc.)

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