All such awards shall vest in accordance with the terms of the Incentive Plan unless modified by either (x) the terms of this Agreement; or (y) the terms of the individual award.
|3. || |
The provision appearing in Article 6, under the heading Inducement Grant shall be corrected, such that it shall now read:
A grant of Options of CAD$20,000,000 using the FMV price on the Date of Grant (which shall be set based on the closing price of the Company stock on December 6, 2019), which shall, subject to meeting the conditions set out in i, ii and iii, vest in three equal portions on the 1st, 2nd and 3rd anniversaries of the Date of Grant
|4. || |
The provisions of Article 6, under the heading Stock Ownership Guidelines shall be deleted in their entirety with the following replaced in their stead:
You agree to adhere to and abide by the Companys Share Ownership Policy, as the same may be approved and amended on one or more occasions by the Board of Directors or any committee to which the Board may delegate authority for such policy.
|5. || |
The whole of the termination provisions contained at Article 7 of the Employment Agreement are deleted, with the following replaced in their stead:
Your employment may cease under any of the following five (5) circumstances.
These termination provisions will apply throughout your employment with Company regardless of any changes to your salary, benefits, position title, or job responsibilities.
Notwithstanding anything in this Agreement, Company guarantees that you will at all times receive your minimum entitlements under the governing employment standards legislation in force at the time of your termination from employment.
You may resign from your employment by giving us not less than six (6) weeks written notice.
At Companys sole option, Company may waive the obligation for you to work in active employment during the period following the tendering of such notice of resignation. If Company elects to exercise its option to waive the obligation to work during the notice of resignation period, then you agree to be placed on garden leave without advancing the argument of constructive dismissal. Alternatively, the Company may elect to immediately terminate your employment and provide you with only the minimum statutory requirements required in consideration of the termination of ones employment.