THE RSU PLAN - REPLACED BY DIRECT SHARES GIVEAWAYHere is the RSU plan they say theya re replacing with this SHARE BONUS THING in the new news releases.. THE RSU IS WHAT SHAREHOLDERS APPROVED, THE NEW TRANSACTIONS DON"T SEE AT ALL SIMILIAR AT ALL THE SAME AS WHAT SHAREHOLDERS APPROVED.
In the RSU you can calculate value and increases and therfore bonus amounts. I don't see any connection to this inj the new idea??
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Awards are granted by the board of directors until such time as a Compensation Committee is formed. All awards granted under the RSU Plan are made as to: (i) 40% to Michael Collins in his role as the Company’s Chief Executive Officer; (ii) 40% to Aeternum Holdings Ltd., a company controlled by Emma Fairhurst, the former Chief Operating Officer and a former director and a current owner of 11.70% interest of the Company, in its capacity as a consultant to the Company (for as long as it remains a consultant); and (iii) the balance as to all other Eligible Persons as defined in the Plan.
Each grant of an Award will be based on the Investment Value Increase of each particular Investment held by the Company, as follows: (i) for an annual Investment Value Increase of 8.0% or less, no Award may be granted; (ii) for an annual Investment Value Increase of greater than 8.0% but less than 50%, an Award may be granted of up to 20% of the Investment Value Increase applicable to that Investment; (iii) for an annual Investment Value Increase of greater than or equal to 50% but less than 100%, an Award may be granted of up to 25% of the Investment Value Increase applicable to that Investment; and (iv) for an annual Investment Value Increase of greater than or equal to 100%, an Award may be granted of up to 30% of the Investment Value Increase applicable to that Investment.