Employee Benefit Trust. 3.1 As at the date of this Agreement, the Company’s Employee Benefit Trust (the “Trust”) holds no cash and 3,009,391 Company Shares. 3.2 The parties agree that the trustee of the Trust will be requested to use the Company Shares that it has agreed to use to satisfy Awards under the terms of the Operating Agreement between the Company and Sanne Fiduciary Services Limited dated 4th June 2019 to satisfy outstanding Awards so far as possible in accordance with the provisions of the relevant Awards in priority to the Company issuing Company Shares to satisfy such Awards, and to use its cash to the extent necessary to subscribe for new Company Shares, purchase existing Company Shares or cash settle awards as permitted under the rules of the Share Plans.
Appears in 4 contracts
Samples: Co Operation Agreement (SS&C Technologies Holdings Inc), Co Operation Agreement, Co Operation Agreement
