Company: FENC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001558370-25-005563
Chunk: 18

Company: FENNEC PHARMACEUTICALS INC.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 18
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 This limit increase is expected to provide a sufficient number of common shares for issuance under the Equity Incentive Plan for the foreseeable future. After giving effect to the proposed increase, the total number of common shares that will be available for issuance under the Equity Incentive Plan (including to satisfy the exercise of currently outstanding stock options and RSU awards), after deducting the common shares previously issued pursuant to the exercise of options and vesting of RSUs under the Equity Incentive Plan, will be 8,500,000 This represents approximately 30.8% of the total issued and outstanding common shares (and approximately 23.4% on a fully diluted, after issued basis) as of April 7, 2025. We are also proposing to add certain employee share purchase program provisions (“Stock Purchase Rights”) to our Equity Incentive Plan. In particular, the following amendments to the Equity Incentive Plan are proposed: • Stock Purchase Rights.TheBoardand/ortheCompensationCommitteetotheextentsoauthorizedbytheBoard (asapplicable,the“ Administrator”)willbeauthorizedtograntemployeesoftheCorporation anditssubsidiaries stockpurchaserightsentitling employees topurchasecommonsharesduringcertainofferingperiodsattheprice and on the other terms and conditions determined by the Administrator and set forth in the Award Certificate respecting such award (“ Stock Purchase Rights”).

| • | Offering Periods. Offering periods for the purposes of Stock Purchase Rights will generally be six months in duration, commencing on the first day of a calendar month specified by the Administrator and ending on the last day of the sixth calendar month thereafter. No offering period will be more than 12 months in duration. |

| • | Eligibility.  No employee who owns stock possessing five percent or more of the total combined voting power or value of stock of the Company or any parent or subsidiary corporation, may participate in any offering of Stock Purchase Rights under the Plan.  Subject to the foregoing and other exclusions permitted under Section 423 of the Code, each employee of the Company or any subsidiary is eligible to participate in offerings of Stock Purchase Rights under the Plan. |

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| • | Enrollment; Contributions. Participation in Stock Purchase Rights is voluntary and employees may accept or refuse Stock Purchase Rights in their absolute discretion. Contributions in respect of Stock Purchase Rights under the Equity Incentive Plan may be made: (i) in respect of each pay period by after-tax payroll deduction of an amount between one and ten percent