TSXV:RHT.H - Post by User
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TicTacToon Dec 02, 2020 3:46pm
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Post# 32019942
Company’s 10% “rolling” stock option plan
Company’s 10% “rolling” stock option planWhat a gang of crooks, 10% stock option plan for such miserable results and incompetent management. Stock Option Plans and Other Incentive Plans
The Company presently has in place a “rolling” Stock Option Plan (the “Stock Option Plan”) whereby the Company is authorized to grant stock options of up to 10% of its issued and outstanding common shares, from time to time.
The purpose of the Stock Option Plan is to provide an incentive to the Optionees (as defined below) and thereby advance the Company’s interests by providing them an opportunity to acquire an equity interest in the Company through the exercise of stock options granted to them under the Stock Option Plan.
Under the Stock Option Plan, the Board of Directors of the Company (or a board committee, if any, appointed in accordance with the Stock Option Plan) may grant stock options to Optionees in consideration of them providing their services to the Company or a subsidiary. The number of Company Shares subject to each option is determined by the Board within the guidelines established by the Stock Option Plan. The options enable such persons to purchase Company Shares at a price fixed under such guidelines. The options are exercisable by the Optionee giving the Company notice and payment of the exercise price for the number of Company Shares to be acquired.