Share Plan. You shall be eligible, at the Company’s discretion, to participate in the CCE UK Share Plan, subject to the rules of such Plan.
Share Plan. Executive shall participate in Capital Trust's Share Plan at a level determined by the Board and commensurate with his position.
Share Plan. The Company shall have duly adopted the Share Plan, which shall be in full force and effect, and the Class B-2 Common Shares shall have been granted thereunder to the management holders thereof as set forth on the Capitalization Chart.
Share Plan. This Agreement is subject to, and shall in no manner limit the right which the Company may have to repurchase securities from a Shareholder pursuant to (a) a share restriction or other agreement between the Company and a Shareholder entered into pursuant to the Share Plan or other employee benefit plan approved by the Board and (b) any right of first refusal granted under the Share Plan. The Company hereby agrees that to the extent that it has any right of first refusal under the Share Plan, it shall not assign such right to any Person except to the Investors (other than any Defaulting Investor) on a ratable basis (based on the number of Company Securities held by each such Investor at the time of such Transfer).
Share Plan. Executive shall participate in Capital Trust's 1997 ----------- Long-Term Incentive Share Plan, and any successor plan thereto ("Share Plan") at a level determined by the Board and commensurate with his position.
Share Plan. Pursuant to Section 185.35, F.S., a defined contribution plan component (“share plan”) is hereby established as a component of this Plan, but will not be activated unless and until a portion of Chapter 185 premium tax revenues have been assigned to fund the share plan. The funding provisions of this share plan, when and if it is activated, shall be negotiated by the city and the Members. Assignment of Chapter premium tax revenues may result either from mutual consent of the City and the Members, or by application of the provisions of Ch. 2015-39, Laws of Florida. Notwithstanding the establishment of the share plan, nothing herein shall be construed to require funding of, or guarantee any benefit under this section. Effective October 1, 2015 a share plan shall be established within this Plan as follows:
a) For accounting purposes, an individual share account shall be established for each active Member (including DROP participants) of the pension plan. The plan shall account for each Member’s share account balance as provided herein.
b) Each active plan Member who has at least one full year of credited service on the last day of any fiscal year in which premium tax revenues are allocated towards the share plan (available funds) shall receive an equal share of the available funds, less administrative expenses, deposited into his/her share account.
c) On January 1 each year, if there are available funds, share accounts shall be credited with interest at an annual rate equal to the market rate of return on pension fund investments for the preceding plan year.
d) Available funds and share account balances shall be comingled with pension fund assets for investment purposes, and invested by the board of trustees with other pension fund assets.
e) If there are available funds, the plan administrator shall provide an annual statement to the board of trustees and each share plan Member on or before April 1 each year, showing each Member’s Individual share account balance and the interest credited to the Member’s account that year.
f) The expense of administering the share plan for the preceding plan year shall be determined by the board of trustees and charged against the available funds received for that year, before allocations are made to Member share accounts.
g) A member’s share account shall be distributed to the Member within 60 days after the quarter expires following separation of service. A Member’s share account distribution may be paid directly to the cus...
Share Plan. The Town enacted an ordinance creating a section of the Davie Firefighters Pension Trust establishing a Share Plan, under which any premium tax revenues received by the Town in excess of the $679,968 “applicable frozen amount” during any plan year beginning October 1, 2012 or later were used to fund a supplemental benefit for plan members. The parties reached mutual agreement that effective upon the ratification of the 2017-2020 Agreement, all of the Chapter 175 premium tax revenues that are/were then being held in reserve (including but not limited to any available funds as defined in the Share Plan, which have not yet been allocated to individual share accounts as of the date of ratification) and any premium tax revenues received on or after that date shall be used to offset the Town’s contributions to the pension plan. The Board of Trustees shall provide rules concerning the allocation of Share Plan funds to members, except as provided below. The parties agree that the provisions of this Section satisfy the provisions of Chapter 2015-39, Laws of Florida regarding their mutual agreement for the use of Chapter 175 funds and the creation of a defined contribution plan component/Share Plan within the Firefighters Pension Trust. The Share Plan benefit shall be funded solely by premium tax revenues received by the Town pursuant to Section 175, Florida Statutes, and will not result in any additional cost to the Town. The share account of each active firefighter and DROP participant shall be credited or debited with earnings or losses based upon the amount in the share account at the close of the immediately preceding calendar year at a rate equal to the Pension Plan’s actual net rate of investment return for the preceding plan year. The final approval regarding the actual cost of the proposed pension benefits increase lies with the State of Florida Division of Retirement which will approve the costing methodology and the components thereof.
Share Plan. 7.1 The Offeror and the Company agree that prior to making any amendment to the existing Company Share Plan or exercising any discretion under such plan (other than discretions exercised in the ordinary course in relation to individuals leaving employment and the implementation of any amendments, or any exercise of discretion, that have been considered and resolved upon by the Company’s Remuneration Committee and fairly disclosed to Platform prior to the date hereof) the Company shall notify the Offeror if such amendment or exercise of discretion is being considered by the Company’s Remuneration Committee and the Company agrees that the Offeror shall be entitled to make representations to that Committee, which the Committee will consider prior to making any such amendment. The Offeror acknowledges that the Company’s Remuneration Committee should not be obliged to act in accordance with the Offeror’s representations.
7.2 The Company and the Offeror shall cooperate with each other to prepare, in a form agreed between the Company and the Offeror, communications to each of the participants in the Company Share Plan to enable the Offeror to satisfy its obligations under Rule 15 of the Takeover Code and to send, or arrange for the sending, of such communications to participants at such time as may be agreed between the parties.
7.3 The parties agree that the trustee of The Alent Employees’ Share Ownership Plan Trust (the “Trust”) will be requested to agree to satisfy options and awards vesting or becoming exercisable as a consequence of the Acquisition using any Company Shares held by the Trustee immediately prior to the Effective Date in priority to the Company issuing new shares to satisfy such options and awards.
Share Plan. The parties agree that the Firefighters Relief and Pension Fund (“Share Plan”) created by Ordinance No. 6432 and subsequently amended, shall be amended by City ordinance to provide for the transfer of Ch. 175 premium tax revenues received in calendar years 2013 and 2014, respectively, in the amount of $3,380,875 from the Share Plan to the Firefighters’ and Police Officers’ Retirement Trust (“FIPO”), to reduce the City’s annual required contribution to FIPO for the 2012/2013 and 2013/2014 plan fiscal years. Provided if the actual total amount of premium tax revenues received in 2013 and 2014, respectively, is less than $3,530,870 in either year then the actual amount received less the administrative costs of the Share Plan shall be transferred to FIPO to reduce the City’s annual required contribution to FIPO for the 2012/2013 and 2013/2014 plan years, respectively. The transfer of premium tax revenues provided in the preceding paragraph shall occur within ten (10) days following the date the premium tax revenues are received by the Share Plan in each respective year. In the event the transfer of premium tax revenues provided above is not approved by the Florida Division of Retirement in any calendar year, the parties agree that employee contributions to FIPO shall be increased by a percentage of firefighter payroll that equals $3,380,875 (for calendar year 2013) and/or $3,380,875 (for calendar year 2014), and premium tax revenues equal to $3,380,875 (for calendar year 2013) and/or $3,380,875 $3,380,875 for calendar year 2014) shall be transferred from the share plan to FIPO and used to reduce the employee contribution back to the current level.
Share Plan. The Shareholders agree that:
