REMUNERATION OF CONTRIBUTION AND MAUREL & Sample Clauses

REMUNERATION OF CONTRIBUTION AND MAUREL &. PROM SHARE CAPITAL INCREASE 16 10.1 Vesting rights and rights attached to the new shares 16
Sample 1
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REMUNERATION OF CONTRIBUTION AND MAUREL &. PROM SHARE CAPITAL INCREASE MAUREL & PROM will issue new shares as consideration for the MPI shares. Consequently, in accordance with the exchange ratio of 1.75 MPI shares for 1 MAUREL & PROM share, 63,234,026 fully paid-up new MAUREL & PROM shares with a par value of EUR 0.77 each will be issued by XXXXXX & PROM as new shares for a total share capital increase of EUR 48,690,200.02. Newly created shares will be allocated to the owners of the 110,659,545 shares that make up the MPI share capital (which are entitled to consideration) as at the Final Completion Date in proportion to their equity holdings. After the Merger, the MAUREL & PROM share capital will have increased from EUR 93,604,436.31 to EUR 142,294,636.33. It will be divided into 184,798,229 fully paid-up shares of the same category with a par value of EUR 0.77 each. As the exchange ratio for the Merger will be 1 MAUREL & PROM share for 1.75 MPI shares, the shareholders without the requisite proportion or a multiple thereof must transfer the share franctions or acquire the necessary rights to achieve the requisite proportion. MPI shareholders will be responsible for selling or purchasing share fractions, and MPI shareholders owning a number of MPI shares on the Final Completion Date such that they are not entitled to a whole number of new MAUREL & PROM shares will be deemed to have expressly agreed to participate in the mechanism described below for the disposal of new MAUREL & PROM share fractions.
Sample 1

Related to REMUNERATION OF CONTRIBUTION AND MAUREL &

  • ALLOCATION OF CONTRIBUTIONS If the application is in good order, the initial Contribution will be applied within two Business Days of receipt at the Retirement Resource Operations Center. During the right to cancel period, all Contributions will be allocated in one or more of the Sub-Account(s) as specified in the application. During the right to cancel period, the Owner may change the allocations to the Sub-Accounts. Subsequent Contributions will be allocated to the Annuity Account in the proportion Requested by the Owner. If there are no accompanying instructions, then allocations will be made in accordance with standing instructions. Allocations will be effective upon the Transaction Date.

  • The Contribution Prior to the Effective Time, and subject to the terms and conditions set forth in the Distribution Agreement, Grace intends to cause the transfer to a wholly owned subsidiary of Grace-Conn. ("Packco") of certain assets and liabilities of Grace and its subsidiaries predominantly related to the Packaging Business (the "Contribution"), as contemplated by the Distribution Agreement and the Other Agreements.

  • Deemed Distribution and Recontribution Notwithstanding any other provision of this Article 13, in the event the Partnership is liquidated within the meaning of Regulations Section 1.704-1(b)(2)(ii)(g) but no Liquidating Event has occurred, the Partnership's property shall not be liquidated, the Partnership's liabilities shall not be paid or discharged, and the Partnership's affairs shall not be wound up. Instead, the Partnership shall be deemed to have distributed the Partnership property in kind to the General Partner and Limited Partners, who shall be deemed to have assumed and taken such property subject to all Partnership liabilities, all in accordance with their respective Capital Accounts. Immediately thereafter, the General Partner and Limited Partners shall be deemed to have recontributed the Partnership property in kind to the Partnership, which shall be deemed to have assumed and taken such property subject to all such liabilities.

  • Compensation and General Benefits As compensation for his services under this Agreement, the Executive shall be compensated as follows:

  • Allocation of CDSCS (1) CDSCS RELATED TO THE REDEMPTION OF COMMISSION SHARES OTHER THAN OMNIBUS SHARES: CDSCs in respect of the redemption of Commission Shares which are not Omnibus Shares shall be allocated to PSI or Successor Distributor depending upon whether the related redeemed Commission Share is attributable to PSI or Successor Distributor, as the case may be, in accordance with Part I above.

  • Compensation and Related Matters During the Term of the Executive’s employment, as compensation and consideration for the performance by the Executive of the Executive’s duties, responsibilities and covenants pursuant to this Agreement, the Company shall pay the Executive and the Executive agrees to accept in full payment for such performance the amounts and benefits set forth below.

  • Compensation After Termination (i) If the Employment Period is terminated pursuant to Executive’s resignation without Good Reason, death or Incapacity, Executive shall only be entitled to receive his/her Base Salary through the date of termination and shall not be entitled to any other salary, bonus, compensation or benefits from the Company or its Subsidiaries, except as may be required by applicable law.

  • Death After Termination of Employment But Before Benefit Payments Commence If the Executive is entitled to benefit payments under this Agreement, but dies prior to the commencement of said benefit payments, the Company shall pay the benefit payments to the Executive's beneficiary that the Executive was entitled to prior to death except that the benefit payments shall commence on the first day of the month following the date of the Executive's death.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Compensation of OFI GLOBAL The Fund agrees to pay OFI GLOBAL and OFI GLOBAL agrees to accept as full compensation for the performance of all functions and duties on its part to be performed pursuant to the provisions hereof, a management fee computed on the aggregate net asset value of the Fund as of the close of each business day and payable monthly at the following annual rates:

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