Option Certificate definition

Option Certificate means the certificate, substantially in the form set out as Schedule “A” hereto, evidencing an Option;

Option Certificate means a certificate issued by the Corporation in the form or any one of the forms approved by the Plan Administrator, evidencing the terms and conditions on which an Option has been granted under the Plan and which need not be identical to any other such certificates;

Option Certificate means the agreement, in substantially the form set out as Schedule "A" hereto, evidencing the Option.

Examples of Option Certificate in a sentence

• If the number of Common Shares in respect of which the Option was exercised is less than the number of Common Shares subject to the Option Certificate surrendered, the Administrator will forward a new Option Certificate to the Participant concurrently with delivery of the share certificate for the balance of the Common Shares available under the Option.

• The fixed expiry date specified for such Option in the Option Certificate; provided that, if the expiry date occurs during a Blackout Period, such expiry date shall be extended to the date that is ten (10) business days following the end of such Blackout Period; provided further that, notwithstanding the foregoing, an expiry date falling within a Blackout Period shall not be extended if the Participant holding such Option is a US Taxpayer or if the Company is subject to a cease trade order.

• Any reference in the Plan, in any Option Certificate or Grant Agreement issued pursuant to the Plan or in any other agreement or document relating to the Plan to a provision of law or rule or regulation shall be deemed to include any successor law, rule or regulation of similar effect or applicability.

• Subject to all applicable securities laws and regulations and the rules and policies of all applicable Regulatory Authorities, the Board may attach other terms and conditions to the grant of a particular Option, such terms and conditions to be referred to in a schedule attached to the Option Certificate.

• The price at which a Participant may purchase a Common Share upon the exercise of an Option will be as set forth in the Option Certificate issued in respect of such Option and in any event will not be less than the Market Value of the Common Shares as of the Award Date.

More Definitions of Option Certificate

Option Certificate means the certificate evidencing a grant of an Option pursuant to Rule 3.2;

Option Certificate means a certificate executed by the Company and delivered to an Optionee that sets out the terms of an Option held by the Optionee as described in section 9;

Option Certificate means a written or electronic document setting forth the terms and provisions applicable to a Non-Qualified Stock Option granted under the Plan. Each Option Certificate is subject to the terms and conditions of the Plan.

Option Certificate means a certificate issued by the Company to the Option Holder evidencing the title of the Option Holder to the Option;

Option Certificate means the certificate (whether in electronic or written form) which sets forth the terms and conditions of an Option granted under this Plan.

Option Certificate shall have the meaning given to such term in Section 7.2 hereof.

Option Certificate means the certificate to be entered into between the Company and an Optionee, specifying the terms of the Option being granted to the Optionee under the Plan;