Common use of Share Limits Clause in Contracts

Share Limits. The maximum aggregate number of Common Shares that may be delivered pursuant to awards granted to Eligible Persons under this Plan (the “Share Limit”) is 1,000,000 Common Shares. The following limits also apply with respect to awards granted under this Plan: 4.2.1 the maximum number of Common Shares subject to awards that are granted during any single calendar year under this Plan (the “Annual Award Cap”) is such number as equals 10% of the Corporation’s issued and outstanding Common Shares as of the first business day of such calendar year; 4.2.2 the maximum number of Common Shares subject to those options and stock appreciation rights that are granted during any calendar year to any individual under this Plan is 250,000 Common Shares; and 4.2.3 to the extent that awards are made under this Plan in forms other than awards of stock options, the Annual Award Cap shall be reduced so that the total accounting charge (under U.S. generally accepted accounting principles) to the Corporation in any single year in which such awards are made shall not be greater than it would have been if all awards made in that year had been made in the form of stock options. Each of the foregoing numerical limits is subject to adjustment as contemplated by Section 4.3, Section 7.1, and Section 8.10.