Titan Logix Corp. Amends Stock Option Plan: A Boost for Employee Compensation and Future Growth

Titan Logix Corp. (TSXV: TLA), a technology company specializing in mobile liquid measurement solutions, recently announced an amended stock option plan. The Company's Board of Directors approved the grant of a total of 600,000 incentive stock options to the CEO, pursuant to the Company's stock option plan. The stock options exercise price is $0.50 per share, which is 10% above the August 30, 2022 closing price for the Company's common shares on the TSXV. All the options expire within 5 years with vesting over a period from 1 year to 5 years provided defined performance metrics are achieved and certain share price targets are achieved.



The amended stock option plan has the potential to impact the Company's employee compensation structure and future growth in several ways. First, the grant of stock options to the CEO aligns the interests of the CEO with those of the shareholders. This can motivate the CEO to make decisions that drive shareholder value, as the value of the stock options will increase with the company's stock price. Additionally, the vesting schedule, which spans from 1 year to 5 years, ensures that the CEO's compensation is tied to the company's long-term performance.

The stock option grant can also have a positive impact on the Company's future growth prospects. By providing the CEO with the opportunity to acquire shares at a predetermined price, the Company can attract and retain key talent, as the CEO may be more likely to stay with the Company if they have a significant stake in its future success. This can encourage the CEO to make strategic decisions that drive long-term growth, as the value of their stock options will increase with the company's stock price. Additionally, the CEO's stake in the Company may lead to increased investor interest and demand for the Company's shares, potentially increasing the Company's market capitalization.

In summary, the amended stock option plan can help to align the interests of Titan Logix Corp.'s CEO with those of its shareholders, potentially leading to improved decision-making, increased employee retention, and enhanced future growth prospects. By providing the CEO with the opportunity to acquire shares at a predetermined price, the Company can attract and retain key talent, encourage strategic decision-making, and potentially increase investor interest in the Company.