Free Shares. Free Shares that are not Omnibus Shares (“Non-Omnibus Free Shares”) of a Fund outstanding on any date shall be attributed to the Distributor or a Successor Distributor, as the case may be, in the same proportion that the Non-Omnibus Commission Shares of a Fund outstanding on such date are attributed to each on such date; provided that if the Distributor and its transferees reasonably determines that the transfer agent is able to produce monthly reports that track the Date of Original Issuance for such Non-Omnibus Free Shares, then such Free Shares shall be allocated pursuant to clause 1(a), (b) and (c) above.
Free Shares. The Transfer Agent shall maintain daily records of each Shareholder Account (other than an Omnibus Account) in respect of any Fund so as to identify each Free Share (including each Special Free Share) reflected in such Shareholder Account by the Month of Original Purchase of such Free Share. In addition, the Transfer Agent shall require that each Shareholder Account (other than an Omnibus Account) have in effect separate elections relating to reinvestment of Capital Gain Dividends and relating to reinvestment of Other Dividends in respect of any Fund. Either such Shareholder Account shall have elected to reinvest all Capital Gain Dividends or such Shareholder Account shall have elected to have all Capital Gain Dividends distributed. Similarly, either such Shareholder Account shall have elected to reinvest all Other Dividends or such Shareholder Account shall have elected to have all Other Dividends distributed. The Transfer Agent shall require that the Sub-transfer Agent in respect of each Omnibus Account maintain daily records for each Sub-shareholder Account in the manner described in the immediately preceding paragraph for Shareholder Accounts (other than Omnibus Accounts); provided, that until the Sub-transfer Agent in respect of the ML Omnibus Account develops the data processing capability to conform to the foregoing requirements, such Sub-transfer Agent shall not be obligated to conform to the foregoing requirements. Each Sub-shareholder Account shall also have in effect Dividend reinvestment elections as described in the immediately preceding paragraph. The Transfer Agent and each Sub-transfer Agent in respect of an Omnibus Account shall identify each Free Share as either a Distributor Share or a Post-distributor Share based upon the Month of Original Purchase of such Free Share; provided, that until the Sub-transfer Agent in respect of the ML Omnibus Account develops the data processing capability to conform to the foregoing requirements, the Transfer Agent shall require such Sub-transfer Agent to identify each Free Share of a given Fund in the ML Omnibus Account as a Distributor Share, or Post-distributor Share, as follows:
(a) Free Shares of such Fund which are outstanding on the Distributor Last Sale Cut-off Date for such Fund shall be identified as Distributor Shares.
(b) Free Shares of such Fund which are issued (whether or not in connection with an exchange for a Free Share of another Fund) to the ML Omnibus Account during any calendar month...
Free Shares. Free shares of a Fund outstanding on any date shall be attributed to the Underwriter or any Successor Underwriter, as the case may be, in the same proportion that the Commission Shares of such Fund outstanding on such date are attributed to it on such date; provided that if the Transfer Agent is able to produce monthly reports which track the Date of original Issuance for the Commission Shares related to such Free Shares, then the Free Shares shall be allocated pursuant to clause 1(a), (b) and (c) above.
Free Shares. Free Shares of a Fund outstanding on any date shall be attributed to the existing Principal Servicer or a subsequent Principal Servicer as the case may be, in the same proportion that the Commission Shares of such Fund outstanding on such date are attributed to it on such date.
Free Shares. Free Shares which are not Omnibus Shares of a Portfolio outstanding on any date shall be attributed to the Distributor or Successor Distributor, as the case may be, in the same proportion that the Commission Shares which are not Omnibus Shares of such Portfolio outstanding on such date are attributed to each on such date; provided that if the Distributor and its Transferees reasonably determine that the Transfer Agent is able to produce monthly reports which track the Date of Original Issuance for such Free Shares, then such Free Shares shall be allocated pursuant to clause 1(a), (b) and (c) above.
Free Shares. (a) Free Shares outstanding on the date of termination of Forum's services will be attributed to Forum or such Other Distributor in the same proportion that Commission Shares were attributed to each on such date.
(b) Thereafter Free Shares which are issued during any period in connection with the reinvestment of dividends or other distributions or in connection with the reinvestment of proceeds of redemption of Free Shares of another Fund which will be attributed to Forum and such Other Distributor based upon the percentage of total Free Shares of such Fund which were outstanding at the commencement of such period which was attributed to each at the commencement of such period under these rules.
(c) Free Shares which are redeemed (whether in connection with the reinvestment of the proceeds of such redemption in Shares of another Fund or otherwise) or converted into class A shares of such Fund during any period after the date of termination of Forum's services will be deemed to come out of the Free Shares of such Fund attributed to Forum and such Other Distributor based upon the percentage of total Free Shares of such Eligible Fund which were outstanding at the commencement of such period which was attributed to each at the commencement of such period under these rules.
Free Shares. If the Offers are successful, the beneficiaries of the 358,000 outstanding restricted stock units granted by Target (the “Free Shares”) shall be offered by Target a payment in cash equal to EUR 10 per Free Share within three (3) months following the publication by the AMF of the definitive results of the French Offer (after its reopening pursuant to article 232-4 of the AMF General Regulation), in consideration for immediate and irrevocable waiver of all their rights in connection with such Free Shares, provided that the relevant payment is to be made only if such beneficiary is still an employee of Target.
Free Shares. 7.1 The Committee may at any time invite every Qualifying Employee to enter into a Free Share Agreement, should the Committee decide to offer Free Shares, in accordance with this Part of the Rules.
7.2 The Trustees, acting with the prior consent of the Committee, may from time to time award Free Shares.
7.3 The number of Free Shares to be awarded by the Trustees to each Qualifying Employee on an Award Date shall be determined by the Committee in accordance with this Rule. MAXIMUM ANNUAL AWARD
7.4 The Initial Market Value of the Shares awarded to a Qualifying Employee in any Tax Year shall not exceed (pound sterling)3,000 (or such other amount as may be permitted under paragraph 24 of the Schedule and approved by the Committee).
Free Shares. Grant Date: 1st of May 2014 Lock up period: 6 months from grant date Number of Shares: 500,000 shares Type of share: Common Stock
Free Shares. Free Shares of a Fund outstanding on any date shall be attributed to the Distributor or a Successor Distributor, as the case may be, in the same proportion that the CDSC Shares of a Fund outstanding on such date are attributed to each on such date; provided that if the Distributor and its transferees reasonably determine that the transfer agent is able to produce monthly reports that track the Date of Original Issuance for such Free Shares, then such Free Shares shall be allocated pursuant to clause 1(a), (b) and (c) above.
