Company: FENC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001558370-25-005563
Chunk: 90

Company: FENNEC PHARMACEUTICALS INC.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 90
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 terminate such rules, guidelines, policies, procedures, limitations, or adjustments as deemed advisable by the Administrator, in its discretion, for the proper administration of Stock Purchase Rights under the Plan, including, without limitation, to (i) establish a minimum Contribution amount required for participation in an Offering Period, (ii) limit the frequency and/or number of changes permitted in the rate of Contribution during an Offering Period, (iii) designate separate Offering Periods, (iv) terminate or change the Offering Periods, (v) establish the exchange ratio applicable to amounts withheld in a currency other than U.S. dollars, (vi) establish reasonable waiting and adjustment periods and/or accounting and crediting procedures to ensure that amounts applied toward the purchase of Shares for each grantee properly correspond with Contribution amounts, (vii) permit Contributions greater than or less than the amount designated by a Participant in order to adjust for the Company’s delay or mistake in processing an enrolment form or in otherwise effecting a grantee’s election under the Plan or, as advisable to comply with the requirements of Section 423 of the Code, (viii) determine the date and manner by which the Fair Market Value of a Share is determined for purposes of administration of the Plan, and (ix) establish such other limitations or procedures as the Administrator determines in its sole discretion advisable that are consistent with the Plan. All such actions by the Company shall be taken consistent with the requirement under Section 423(b)(5) of the Code that all grantees granted Stock Purchase Rights pursuant to an Offering Period shall have the same rights and privileges within the meaning of such section.

Amendment or Termination of Stock Purchase Rights . Without limiting the provisions of Section 17, in the event that the Board determines that continuation of Stock Purchase Rights under the Plan or an Offering Period would result in unfavorable financial accounting consequences to the Company, the Administrator may, in its discretion and without the consent of any participant, including with respect to an Offering Period then in progress: (i) terminate Stock Purchase Rights under the Plan or any Offering Period, (ii) accelerate the Option Expiry Date of any Offering Period, (iii) reduce the discount applicable in determining the purchase price for Shares of any Offering Period, (iv) amend the Plan to conform with the safe harbor definition under the Financial Accounting Standards Board Accounting Standards Codification Topic 718 (or any successor thereto), (v) alter the purchase price for Shares under any Offering Period, (vi) reduce the maximum number of Shares that may be purchased