Bonus Share definition

Bonus Share means the shares of common stock of the Company reserved pursuant to Section 4 hereof and any such shares issued to a Recipient pursuant to this Plan.

Bonus Share means Shares described in Section 7(d) of the Plan.

Bonus Share means the share of the Bonus Fund allotted to each Participant in accordance with the provisions of the Plan.

Examples of Bonus Share in a sentence

• The number of Bonus Shares will be equal to 18% of the principal amount of the Loan divided by the market price of the Common Shares on the date of the notice of the Borrower’s next shareholders’ meeting, subject to a minimum price of $0.08 per Bonus Share to the extent required by the Exchange.

• If the Grantee ceases to remain in such active employment for any reason (whether at the election of the employer or the Grantee or due to reasons beyond the control of either), this Agreement and the Bonus Share award hereunder shall be null and void and the Grantee shall not be entitled to any consideration in relation to this Agreement or the Bonus Share award hereunder.

• The continued effectiveness of this Agreement and the Bonus Share award provided under this Agreement is conditioned upon and subject to the Grantee’s continuation, as of the Grant Date, in the active employment of the Company or a Subsidiary of the Company.

• The number of Bonus Shares will be equal to 18% of the principal amount of the Loan divided by the market price of the common shares on the date of the notice of the Company’s next shareholders’ meeting, subject to a minimum price of $0.08 per Bonus Share to the extent required by the TSX Venture Exchange, issuable following approval at such shareholders’ meeting.

• Upon receipt of the Bonus Share Notice and ELEF confirming the satisfaction of the Bonus Share Condition, ELEF will issue to VN that number of ELEF Shares (the “Bonus Shares”) as is equal to the result of dividing C$2,000,000by the VWAP for the five Trading Days preceding the date on which VN delivered the Bonus Share Notice to ELEF.

More Definitions of Bonus Share

Bonus Share means Shares issued to a Participant under the terms of this Plan;

Bonus Share shall have the meaning set forth in Section 3.4(e).

Bonus Share means any Common Share granted under Section 9.1;

Bonus Share means a fully-vested Share granted pursuant to the terms of the Plan.

Bonus Share means and includes share issued as an additional share to shareholders, by capitalizing the saving earned from the profits or the reserve fund of a bank or financial institution, and the increase of the paid up amount of a share by capitalizing the saving or other fund.

Bonus Share means a Share granted in accordance with Section 8 of the Plan to a Participant;

Bonus Share means a Share granted pursuant to Section 12(g) hereof without restriction.