This Plan and all matters to which reference is made herein shall be governed by and interpreted in accordance with the laws of the Province of British Columbia and the laws of Canada applicable therein. 1.2 Purpose The purpose of the Plan is to advance the interests of the Company by (i) providing Eligible Persons with additional incentive, (ii) encouraging stock ownership by such Eligible Persons, (iii) increasing the proprietary interest of Eligible Persons in the success of the Company, and (iv) encouraging the Eligible Person to remain with the Company or its Subsidiary companies. 1.3 Administration (a) This Plan shall be administered by the Board or a committee of the Board duly appointed for this purpose by the Board and consisting of not less than three (3) directors. If a committee is appointed for this purpose, all references to the Board will be deemed to be references to the committee. (b) In the event that the Common Shares are listed for trading on the TSXV, the Plan must be approved by the shareholders at the Company’s annual shareholder meetings and approved by the TSXV annually. (c) Subject to the limitations of the Plan, the Board shall have the authority (i) to grant options to purchase Common Shares to Eligible Persons; (ii) to determine the terms, limitations, restrictions and conditions respecting such grants; (iii) to interpret the Plan and to adopt, amend and rescind such administrative guidelines and any other rules and regulations relating to the Plan as it shall from time to time deem advisable; (iv) to make all other determinations and to take all other actions in connection with the implementation and administration of the Plan including, without limitation, for the purpose of ensuring compliance with Section 1.7 hereof, as it may deem necessary or advisable. The Board's guidelines, rules, regulations, interpretations and determinations shall be conclusive and binding upon the Company and all other persons
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1.8 Effective Date The Plan shall be effective upon the approval of the Plan by the CSE or TSXV, if and as applicable. Upon the Plan’s acceptance by the CSE or the TSXV, if and as applicable, the Plan will supersede and replace all previous stock option plans of the Company.
I need to buy a new printer so I don't bore the board with my digging around. Sorry about that people.
There are times I need to stop posting, I know this. lol
Those post are like a filing cabinets for me. I post them to come back later.
When it was just me here, I could post anything and was sure no one was reading them. Now I need to be more considerate of other posters. (Working on that)
That is why I started alot of message boards and took over others, to put things in order, for me not for others. lol
ADHD maybe?? I do show those signs, lol
You, only have to put up with me for 14 more months. Then I will be to busy building my shop. Compliments of Burba, and his A Team.