Compensation Shares definition

Compensation Shares means previously unissued Shares which are issuable upon the exercise of the Compensation Options;
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Compensation Shares has the meaning ascribed thereto in the third paragraph of this Agreement;
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Compensation Shares means the Common Shares underlying the Compensation Options;
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Examples of Compensation Shares in a sentence

  • Total (Combined) Burn Rate: calculated as total number of securities (Compensation Shares and Options) granted in the applicable year, divided by the fully diluted weighted average shares outstanding in the applicable year.

  • During September 2019, the Company has bought back the 375,000 of the Compensation Shares for US$25,000 and were subsequently cancelled.

  • Compensation Shares burn rate: calculated as the total number of Compensation Shares granted in the applicable year, divided by the fully diluted weighted average shares outstanding in the applicable year.

  • The Compensation Shares shall be allotted and issued to the respective Individuals as follows: Name of the Individuals Designation Name of the Individuals Notes:1.

  • Accordingly, the allotment and issuance of the Compensation Shares to the Entitled Directors are subject to specific Shareholders’ approval.


More Definitions of Compensation Shares

Compensation Shares means the Common Shares to be issued upon exercise of the Compensation Warrants.
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Compensation Shares means the common shares of the Corporation issuable upon the exercise of the Compensation Warrants;
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Compensation Shares means shares of Stock issued to a Participant pursuant to this Plan and, where appropriate, includes any securities distributable to the Participant by reason of his or her ownership of Compensation Shares; provided that any such securities shall, for purposes of Section 3.1, be treated as if they had been issued at the time the Compensation Shares giving rise to such distribution were first issued (or are deemed to have been issued) to the Participant.
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Compensation Shares shall have the meaning ascribed thereto in Section 11 hereof;
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Compensation Shares has the meaning ascribed to such term in Section 15 hereof.
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Compensation Shares means the 32,280,000 Common Shares issued to the Integrated Cyber Members pursuant to the Purchase Agreement on the Acquisition Closing Date.
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Compensation Shares has the meaning set forth in Clause 7.2.1; JKM/JKM/1037031 3 MAY 2016
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