Distribution restriction. An Employee must not have taken a distribution of the applicable contributions eligible for an Employer Matching Contribution prior to the end of the period for which the Employer Matching Contribution is being made (as defined in #17.a. above). See Section 2.6(c) of the BPD.
Distribution restriction. An Employee must not take a distribution of the Salary Deferrals eligible for the Matching Contribution prior to the end of the period for which the Matching Contribution is being made (as defined in AA §6B-5 above). See Section 3.09(c) of the Plan.
Distribution restriction. Neither the Borrower nor any of the Subsidiary Entities shall declare or make any Shareholder Distribution; provided, however, BULLC and Best Access may declare and make Shareholder Distributions to First Thoroughbred, and First Thoroughbred may declare Shareholder Distributions to the Borrower; provided further, the Borrower may declare and make Shareholder Distributions (i) in a maximum amount not to exceed in any Fiscal Year an amount equal to the federal, state and/or other income tax which is payable by the shareholders of the Borrower in such Fiscal Year in respect to the taxable income of the Borrower for either the Borrower's immediately preceding Fiscal Year or as estimated payments for the Borrower's current Fiscal Year so long as the Borrower continuously maintains its status as a corporation recognized for federal income tax purposes as an "S" Corporation under the Internal Revenue Code, as amended.
Distribution restriction. An Employee must not have taken a distribution of the applicable contributions eligible for an Employer Matching Contribution prior to the end of the period for which the Employer Matching Contribution is being made (as defined in #17.a. above). See Section 2.6(c) of the BPD.
g. Application to a specified period. In applying the allocation condition(s) designated under b. through e. above, the allocation condition(s) will be based on the period designated under #17.a. above. In applying an Hours of Service condition under d. above, the following method will be used: [This g. should be checked only if a period other than the Plan Year is selected under #17.a. above. Selection (1) or (2) must be selected only if d. above is also checked.]
(1) Fractional method (see Section 2.6(e)(2)(i) of the BPD).
(2) Period-by-period method (see Section 2.6(e)(2)(ii) of the BPD).
Distribution restriction. An Employee must not have taken a distribution of the applicable contributions eligible for an Employer Matching Contribution prior to the end of the period for which the Employer Matching Contribution is being made (as defined in #17.a. above). See Section 2.5(d) of the BPD.
Distribution restriction. RESELLER shall not distribute any Products as a mail order business (mail order is defined as solicitation, through advertising or otherwise, for orders by mail or telephone, rather than through a physical location at which an End-User can obtain personal customer service and/or Product demonstration from the RESELLER).
Distribution restriction. The securities referred to in this publication or report may not be eligible for sale in some jurisdictions and persons into whose possession this document comes should inform themselves about and observe any such restrictions. This publication or report is not intended for and must not be distributed to private customers in the US, or retail clients in the United Kingdom, as defined by the Financial Conduct Authority (FCA). This research is only intended for and mayonly be distributed to institutional investors in the United States and U.S entities seeking more information about any of the issuers or securities discussed in this report should contact Pareto Securities Inc. at 000 Xxxx 00xx Xxxxxx, Xxx Xxxx, XX 00000, Tel. 000 000 0000. Pareto Securities Inc. is a broker-dealer registered with the U.S. Securities and Exchange Commission and is a member of FINRA & SIPC. U.S. To the extent required by applicable U.S. laws and regulations, Pareto Securities Inc. accepts responsibility for the contents of this publication. Investment products provided byor through Xxxxx o Securities Inc. or Pareto Securities Research are not FDIC insured, may lose value andare not guaranteed by Pareto Securities Inc. or Pareto Securities Research. Investing in non-U.S. securities may entail certain risks. This document does not constitute or form part of any offer for sale or subscription, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. Th e securities of non-U.S. issuers may not be registered with or subject to SEC reporting and other requirements. The information available about non-U.S. companies may be limited, and non-U.S. companies are generally not subject to the same uniform auditing and reporting standards as U.S. companies. Market rules, conventions and practices may differ from U.S. markets, adding to transaction costs or causing delays in the pu rchase or sale of securities. Securities of some non-U.S. companies maynot be as liquid as securities of comparable U.S. companies. Fluctuations in the values of national currencies, as well as the potential for governmental restrictions on currency movements, can significantly erode principal and investment returns. Pareto Securities Research may have material conflicts of interest related to the production or distribution of this research report which, with regard to Pareto Securities Research, are disclosed herein. Pareto Securities Pte Ltd holds ...
Distribution restriction. An Employee must not have taken a distribution of the applicable contributions eligible for an Employer Matching Contribution prior to the end of the period for which the Employer Matching Contribution is being made (as defined in #1 7.a. above). See Section 2.6(c) of the BPD.
g. Application to a specified period. In applying the allocation condition(s) designated under b. through e. above, the allocation condition(s) will be based on the period designated under #1 7.a. above. In applying an Hours of Service condition under d. above, the following method will be used: [This g. should be checked only if a period other than the Plan Year is selected under #17. a. above. Selection (1) or (2) must be selected only if d. above is also checked.]
(1) Fractional method (see Section 2.6(e)(2)(i) of the BPD).
(2) Period-by-period method (see Section 2.6(e)(2)(ii) of the BPD). [Practitioner Note: If this g. is not checked, any allocation condition(s) selected under b. through e. above will apply with respect to the Plan Year, regardless of the period selected under #1 7.a. above. See Section 2.6(e) of the BPD for procedural rules for applying allocation conditions for a period other than the Plan Year.]
h. The above allocation condition(s) will not apply if:
(1) the Participant dies during the Plan Year.
(2) the Participant is Disabled.
(3) the Participant, by the end of the Plan Year, has reached:
(a) Normal Retirement Age. [ ] (b) Early Retirement Age. [X] Check this selection and complete this Part 4C to allow for Employer Nonelective Contributions. [Note: Do not check this selection if the gy Employer Nonelective Contributions authorized under the Plan are Safe Harbor Nonelective Contributions. Instead, complete the applicable elections under Part 4E of this Agreement.] [X] 20. Employer Nonelective Contribution (other than QNECs): [X] a. Discretionary. Discretionary with the Employer.
Distribution restriction. No Borrower shall declare or make any Shareholder Distribution unless such Shareholder Distribution is made to a Borrower.
Distribution restriction. 5.9.1. The Company undertakes not to make any distribution and not to declare, pay or distribute any dividend unless all the terms set forth below are met:
(a) The Adjusted EBITDA of the Company (as defined in section 6.4 below) according to the Financial Statements of the Company in the four (4) quarters preceding the distribution is at least USD 50 million ;
(b) The Consolidated Equity Capital of the Company (including minority interests) (as defined in section 6.4 below) less the amount of the distribution will not be less than USD 600 million;
(c) There is no cause for immediate repayment of the Debentures (Series A);
(d) On the date of the Board of Directors decision on the distribution there are no “Warning Signs” as so defined below
