EmployeeCo Ordinary Shares Subscription Sample Clauses

EmployeeCo Ordinary Shares Subscription. In terms of the EmployeeCo Ordinary Shares Subscription Agreements, EmployeeCo Participants shall initially, in aggregate, subscribe for approximately 100 000 "A" ordinary shares with no par value in EmployeeCo for a subscription price of R0.01 per share (“EmployeeCo “A” Ordinary Shares”), which "A" ordinary shares will have the same voting rights and rights to dividends as the EmployeeCo "B" Subscription Shares, but will be subject to different transfer restrictions, as set out below: • EmployeeCo Participants will not be able to dispose of or otherwise deal with their EmployeeCo “A” Ordinary Shares during the first 60 months from the date of issue. Thereafter they will be entitled, over a 36-month period and in tranches of up to one third in each of the 12 months within the 36-month period, to, inter alia, put their EmployeeCo “A” Ordinary Shares to EmployeeCo. The purchase consideration payable by EmployeeCo for any EmployeeCo “A” Ordinary Shares put to it, shall be settled by the transfer by EmployeeCo of a portion of the EmployeeCo Cargo Subscription Shares to the EmployeeCo Participant exercising the put option in accordance with a pre-determined valuation model, as detailed in the EmployeeCo MOI. • the EmployeeCo "B" shareholder may at any time sell any “B” Subscription Shares, but only to a then current employee of Cargo Carriers or to a trust or other entity nominated to hold such shares or interest on behalf of any number of employees of Cargo Carriers; and • EmployeeCo Participants may not sell any of their EmployeeCo "A" Ordinary Shares to third parties unless such sale and third party is approved by the board of directors of EmployeeCo and the "B" shareholder.
Sample 1
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Related to EmployeeCo Ordinary Shares Subscription

  • Common Stock 1 Company........................................................................1

  • Subscription Price Each Warrant is exercisable at a price per share (the “Exercise Price”) of US$1.00. One (1) Warrant and the Exercise Price are required to subscribe for each share during the term of the Warrants.

  • Shares The term “

  • Software Subscription The Term of any Software Subscription shall automatically renew for an additional Subscription License Term unless written notice of termination is given to the other Party three (3) months prior to the expiration of the then-current Term.

  • Management Subscriptions Table 1.6 below lists the Management Subscriptions offered by Red Hat and the Unit description that is used to measure your use of the Management Subscription(s). The End User License Agreement that governs your use of the Software is located at xxx.xxxxxx.xxx/xxxxxxxx/XXXXx. The Exhibits listed in Table 1.6 contain additional information concerning the scope of the Management Subscriptions and how Red Hat provides Subscription Services to you.

  • ADDITIONAL USER SUBSCRIPTIONS 3.1 Subject to clause 3.2 and clause 3.3, the Customer may, from time to time during any Subscription Term, purchase additional User Subscriptions in excess of the number set out in paragraph 1 of Schedule 1 and the Supplier shall grant access to the Services and the Documentation to such additional Authorised Users in accordance with the provisions of this agreement.

  • Adjustment of Number of Common Shares and Exercise Price The subscription rights in effect under the Warrants for Common Shares issuable upon the exercise of the Warrants shall be subject to adjustment from time to time as follows:

  • Warrantholder not a Shareholder Except as may be specifically provided herein, nothing in this Indenture or in the holding of a Warrant Certificate, entitlement to a Warrant or otherwise, shall, in itself, confer or be construed as conferring upon a Warrantholder any right or interest whatsoever as a Shareholder, including, but not limited to, the right to vote at, to receive notice of, or to attend, meetings of Shareholders or any other proceedings of the Corporation, or the right to Dividends and other allocations.

  • Red Hat Enterprise Linux Desktop Software Subscriptions Software Subscriptions for Red Hat Enterprise Linux Desktops and Workstations are subject to the parameters set forth in Table 6 below. Each Red Hat Enterprise Linux Desktop and Workstation Software Subscription includes one Red Hat Network system entitlement and one Smart Management Module, each to be used solely with a single Red Hat Enterprise Linux Desktop or Workstation System. Production Support for Red Hat Enterprise Linux Desktop subscriptions is limited to web-based support only for your helpdesk support personnel. Red Hat is not obligated to support your end users directly.

  • Subscription Period the Initial Subscription together with any Renewal(s).

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