Issuance of Performance Shares. 7.1 Issuance to principals - Performance shares may be issued for cash to the principals of an issuer (a) to provide the principals with a measure of control to facilitate the development of the issuer in an orderly fashion, (b) to provide an incentive for the principals to diligently support the affairs of the issuer, and (c) to provide an incentive for the principals to contribute management services or fundamental assets to the issuer.
Appears in 1 contract
Sources: Performance Escrow Agreement (Response Biomedical Corp)
Issuance of Performance Shares. 7.1 Issuance to principals - -- Performance shares may be issued for cash to the principals of an issuer
(a) to provide the principals with a measure of control to facilitate the development of the issuer in an orderly fashion,
(b) to provide an incentive for the principals to diligently support the affairs of the issuer, and
(c) to provide an incentive for the principals to contribute management services or fundamental assets to the issuer.
Appears in 1 contract
Sources: Performance Shares Escrow Agreement (Minco Mining & Metals Corp)
Issuance of Performance Shares. 7.1 Issuance to principals - ISSUANCE TO PRINCIPALS -- Performance shares may be issued for cash to the principals of an issuer
(a) to provide the principals with a measure of control to facilitate the development of the issuer in an orderly fashion,
(b) to provide an incentive for the principals to diligently support the affairs of the issuer, and
(c) to provide an incentive for the principals to contribute management services or fundamental assets to the issuer.
Appears in 1 contract
Sources: Performance Shares Escrow Agreement (Minco Mining & Metals Corp)