Common use of Director Notification Clause in Contracts

Director Notification. If Participant is a director, shadow director¹ or secretary of an Irish Subsidiary of the Company, he or she is subject to certain notification requirements under Section 53 of the Companies Act, 1990. He or she must notify the Irish Subsidiary or Affiliate of the Company in writing within five (5) business days of receiving or disposing of an interest in the Company (e.g., RSUs, Shares, etc.), or within five (5) business days of becoming aware of the event giving rise to the notification requirement, or within five (5) business days of becoming a director, shadow director or secretary if such an interest exists at that time. This notification requirement also applies to any rights acquired by Participant’s spouse or minor children (under the age of 18).

Appears in 1 contract

Samples: 2007 Stock Incentive Plan (Danaher Corp /De/)

AutoNDA by SimpleDocs

Director Notification. If the Participant is a director, shadow director¹ director or secretary of an Irish Subsidiary subsidiary of the Company, he or she the Participant is subject to certain notification requirements under Section 53 of the Companies Act, 1990. He or she must Among these requirements is an obligation to notify the Irish Subsidiary or Affiliate of the Company affiliate in writing within five (5) business days of receiving or disposing of when the Participant receives an interest in the Company (e.g., RSUs, Shares) in the Company and the number and class of shares or rights to which the interest relates. In addition, etc.), or the Participant must notify the Irish subsidiary within five (5) business days of becoming aware of when the event giving rise to Participant sells Shares acquired under the notification requirement, or within five (5) business days of becoming a director, shadow director or secretary if such an interest exists at that timePlan. This notification requirement also applies to any rights or Shares acquired by the Participant’s 's spouse or minor children (under the age of 18).. ISRAEL

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Analog Devices Inc)

Director Notification. If Participant is a director, shadow director¹ director or secretary of an Irish Subsidiary of the Company, he or she is subject to certain notification requirements under Section 53 of the Companies Act, 1990. He or she must notify the Irish Subsidiary or Affiliate of the Company in writing within five (5) business days of receiving or disposing of an interest in the Company (e.g., RSUs, Shares, etc.), or within five (5) business days of becoming aware of the event giving rise to the notification requirement, or within five (5) business days of becoming a director, shadow director or secretary if such an interest exists at that time. This notification requirement also applies to any rights acquired by Participant’s spouse or minor children (under the age of 18).

Appears in 1 contract

Samples: 2007 Stock Incentive Plan (Danaher Corp /De/)

Director Notification. If Participant is a director, shadow director¹ director1 or secretary of an Irish Subsidiary of the Company, he or she is subject to certain notification requirements under Section 53 of the Companies Act, 1990. He or she must notify the Irish Subsidiary or Affiliate of the Company in writing within five (5) business days of receiving or disposing of an interest in the Company (e.g., RSUsPSUs, Shares, etc.), or within five (5) business days of becoming aware of the event giving rise to the notification requirement, or within five (5) business days of becoming a director, shadow director or secretary if such an interest exists at that time. This notification requirement also applies to any rights acquired by Participant’s spouse or minor children (under the age of 18).

Appears in 1 contract

Samples: 2007 Stock Incentive Plan (Danaher Corp /De/)

AutoNDA by SimpleDocs

Director Notification. If Participant is a director, shadow director¹ director or secretary of an Irish Subsidiary of the Company, he or she is subject to certain notification requirements under Section 53 of the Companies Act, 1990. He or she must Among these requirements is Participant’s obligation to notify the Irish Subsidiary or Affiliate of the Company in writing within five (5) business days of receiving or disposing of an interest in the Company (e.g., RSUs, Shares, etc.), or within five (5) business days of becoming aware of the event giving rise to the notification requirement, or within five (5) business days of becoming a director, shadow director or secretary if such an interest exists at that the time. This notification requirement also applies to any rights acquired by Participant’s spouse or minor children (under the age of 18).

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Danaher Corp /De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!