Employee Share Schemes. Prudential and Xxxxxxx agree that, as a consequence of the Demerger, participants in the Prudential Incentive Plans who are employed by the Xxxxxxx Group as at Completion (or previous employees of the Xxxxxxx Group who retain rights under the Prudential Incentive Plans at this date) will, with effect from and conditional upon completion of the Demerger, be entitled to receive the rights granted under the relevant Prudential Incentive Plan in accordance with the rules of the relevant Prudential Incentive Plan. These rights can be summarised as follows:
Employee Share Schemes. The Director is eligible to participate in any employee share schemes established by the Group. Participation in these schemes is, save as otherwise stipulated in the rules of the schemes, at the sole discretion of the Remuneration Committee. In the event that the Director is at any time granted options or shares or awards pursuant to any of those schemes, those options or shares or awards shall be subject to the rules of those schemes as in force from time to time.
Employee Share Schemes. No adjustment shall be made to the Conversion Price where Shares or other securities (including rights, warrants or options) are issued, offered, exercised, allotted, appropriated, modified or granted to or for the benefit of employees or former employees (including directors holding or formerly holding executive office) pursuant to any employees’ share scheme or plan or consultants of the Issuer or any Subsidiary or any associated company of the Issuer pursuant to any other share scheme or plan (including a dividend reinvestment plan).
Employee Share Schemes. 8.14.1 The Disclosure Letter contains full details of all share schemes (including those approved by the Inland Revenue and unapproved schemes) which the Company operates or in which its UK employees are entitled to participate, together with copies of any approvals issued by the Inland Revenue in respect of such schemes and nothing has been done to prejudice the approved status of any such schemes.
Employee Share Schemes. (a) No Group Company operates or has at any time operated any share option scheme, profit sharing scheme or other employee share scheme. (b) None of the employees of the Group Company have benefited from the provisions of Section 12 of the Finance Act, 1986. (82)
Employee Share Schemes. 19.1 The Disclosure Letter gives full details of all schemes approved by HMRC under Schedules 2, 3 and 4 to ITEPA (“Approved Schemes”) and of all options granted under Schedule 5 to ITEPA (“EMI Options”). So far as the Sellers are aware there are no circumstances under which HMRC may withdraw approval of any Approved Scheme, or which might cause a disqualifying event under section 534 of ITEPA in respect of any EMI Options.
Employee Share Schemes. The parties agree that the provisions of Schedule 3 will apply in respect of the Employee Share Schemes.
Employee Share Schemes. No adjustment will be made to the Fixed Conversion Price when Shares or other securities (including rights or options) are issued, offered or granted to employees (including directors) of the Company or any of its Subsidiaries pursuant to any employee share scheme (and which employee share scheme is in compliance with the Listing Rules).
Employee Share Schemes. 58 The Option Agreement dated 25th September 1997 between Xxxx Xxxxx, Xxxxx Xxxxxx, Xxxxxxx Xxxxxxx, DPL Acquisition Corp. and Data Packaging Holdings Limited is disclosed. EMPLOYEE RELATIONS 60 The Companies have received no notices of the termination of any employees' contract of employment. FULL TIME EMPLOYEES 61 Two employees who are paid more than IR 15,000 p.a. have left the Company since the Accounting Date. They are - Xxxx Xxxxx (maintenance technician) who left on 18th May 2000 and - Xxxxx Xxxxx (customer services rep.) who left on 16th March 2000. CHANGES IN TERMS 62 See disclosure 32(p) above for details on salary increases. 63 See employee details list dated 28/6/00 attached as Annex 63. A list of employees who have joined or left since 28/6/00 up to 27/7/00 is also attached in Annex 63. See employment contract for Xxxx Xxxxx in Annex 63. See sample standard form employment contract for all employees dated 29th May 2000 and sample offer letter dated 26th November 1998 for all hourly paid staff attached in Annex 63. See also details of Plan B VHI Options Policy regarding health insurance of employees attached in Annex 63 to include a list of members as of June 2000. 134 NO CONTRACTUAL OBLIGATIONS 64 The Companies have an obligation under the National Programme for Prosperity and Fairness to increase the rate of remuneration for the hourly paid employees. The first increase under this agreement will take place on 1st September 2000. See attached details in Annex 64. The Company is also obliged to review the salaries of all salary paid employees on 1st January in each year. RECOGNITION OF UNIONS 65 It is a condition of employment for the hourly paid employees that they join a Trade Union. Details of Trade Union agreements are attached as Annex 65.
Employee Share Schemes. 88(a) The Option Agreement dated 25th September 1997 referred to at 74(b) above is disclosed. 136 ANNEXES TO DATA PACKAGING HOLDINGS LIMITED DISCLOSURE LETTER Tab No. Annex No. Description of Documents ------- --------- ------------------------
