Common use of Director Reporting Obligation Clause in Contracts

Director Reporting Obligation. If the Optionee is a director, shadow director1 or secretary of the Company or an Irish Subsidiary, the Optionee must notify the Company or the Irish Subsidiary, as applicable, in writing within five (5) business days of receiving or disposing of an interest in the Company (e.g., an Option, 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 or secretary if such an interest exists at the time. This notification requirement also applies with respect to the interests of a spouse or minor children (whose interests will be attributed to the director, shadow director or secretary).

Appears in 3 contracts

Samples: Performance Based Share Option Award Agreement (Willis Group Holdings PLC), Time Based Share Option Award Agreement (Willis Group Holdings PLC), Option Agreement (Willis Group Holdings PLC)

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Director Reporting Obligation. If the Optionee Associate is a director, shadow director1 or secretary of the Company or an Irish Subsidiary, the Optionee he or she must notify the Company or the Irish Subsidiary, as applicable, in writing within five (5) business days of receiving or disposing of an interest in the Company (e.g., an OptionRSUs, 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 or secretary if such an interest exists at the time. This notification requirement also applies with respect to the interests of a spouse or minor children (whose interests will be attributed to the director, shadow director or secretary).

Appears in 2 contracts

Samples: Performance Based Restricted Share Unit Award Agreement (Willis Group Holdings PLC), Time Based Restricted Share Unit Award Agreement (Willis Group Holdings PLC)

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Director Reporting Obligation. If the Optionee is a director, shadow director1 or secretary of the Company or an Irish Subsidiary, the Optionee must notify the Company or the Irish Subsidiary, as applicable, in writing within five (5) business days of receiving or disposing of an interest in the Company (e.g., an Option, 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 or secretary if such an interest exists at the time. This notification requirement also applies with respect to the interests of a spouse or minor children (whose interests will be attributed to the director, shadow director or secretary).. ITALY Terms and Conditions

Appears in 1 contract

Samples: Time Based Share Option Award Agreement

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