Company: FENC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001558370-25-005563
Chunk: 88

Company: FENNEC PHARMACEUTICALS INC.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 88
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 Code, provided the exclusion is applied with respect to each Offering Period in an identical manner to all highly compensated individuals of the employing Company or subsidiary whose employees are participating in that Offering Period.  Each exclusion shall be applied with respect to an Offering Period in a manner complying with U.S. Treasury Regulation Section 1.423-2(e).  Further, Employees who are citizens or residents of a non-U.S. jurisdiction (without regard to whether they also are citizens or residents of the United States or resident aliens (within the meaning of Section 7701(b)(1)(A) of the Code)) may be excluded from participation in any offering of Stock Purchase Rights under the Plan if the participation of such Employees is prohibited under the laws of the applicable jurisdiction or if complying with the laws of the applicable jurisdiction would cause an offering of Stock Purchase Rights under the Plan to violate Section 423 of the Code.

Enrollment; Contributions . Participation in Stock Purchase Rights is voluntary and employees may accept or refuse Stock Purchase Rights in their absolute discretion. To accept and enroll in a Stock Purchase Right, an employee must sign and deliver to the Company a subscription agreement, enrollment form or any other method provided from time to time by the Company. Participation shall commence on the Offering Commencement Date, subject to receipt by the Company of the subscription agreement or enrollment forms within a date prior to the Offering Commencement Date as specified by the Administrator. By the delivery of such form to the Company, a grantee shall be deemed to have among other things, confirmed that a copy of the Plan has been made available to such Employee, and agreed to be bound by all the terms and conditions of the Plan and the Award Certificate respecting such Award. Contributions in respect of Stock Purchase Rights under the Plan (“ Contributions ”) shall be made in the following manner: (i) in respect of each pay period by after-tax payroll deduction of an amount between one and ten percent of such grantee’s Eligible Compensation (as defined below) during the Offering Period, as elected by the grantee at the time of enrollment or as herein provided, on a pro rata basis per pay period; (ii) a one-time lump sum payment per Offering Period as elected by the grantee upon giving at least five business days’ notice to the Company; or (iii) a combination of payments pursuant to (i) and (ii). Notwithstanding any other provisions of the Plan or an Award Certificate, each grantee shall be subject to an annual contribution limit respecting Stock Purchase Rights of $25