Trading by Designated Individuals During Window Periods Sample Clauses

Trading by Designated Individuals During Window Periods. Officers and directors of the Company, members of their households and affiliates of each of the foregoing1 (the “Designated Individuals”) may, subject to compliance with the other restrictions herein, buy or sell the Company’s securities only during the periods beginning on the second business day after the public release of the Company’s quarterly or annual financial results and ending on the 45th calendar day after such release (the “window period”). The two-day waiting period before the trading window opens is intended to allow the public to evaluate and absorb the Company’s disclosures.2 1 “Affiliate” is broadly defined in securities laws as a person or entity that directly or indirectly through one or more intermediaries controls, is controlled by, or is under common control with, another person or entity. It includes, for example, (i) any corporation or entity (other than the Company) of which you are an officer, director or partner or of which you are, directly or indirectly, the beneficial owner of 10% or more of any class of equity securities; (ii) any trust or other estate in which you have a substantial beneficial interest or as to which you serve as trustee or in a similar capacity; (iii) your spouse; (iv) any relative of your spouse or any relative of yours who has the same home as you or who is a director or officer or key executive of the Company; and (v) any partner, syndicate member or person with whom you have agreed to act in concert with respect to the acquisition, holding, voting or disposition of shares of the Company’s securities. 2 In certain circumstances, the window period restriction may be waived in individual cases at the discretion of the Company, after having requested and received advice from the Company’s legal counsel. Notwithstanding the foregoing prohibitions in this Statement of Policy, any Designated Individual may buy or sell the Company’s securities, while in possession of material, nonpublic information about the Company or outside of the specified window periods, if any such transaction is made pursuant to a written plan that has been approved in advance in writing by the Company’s legal counsel, and that meets all of the requirements of Securities and Exchange Commission rules and regulations, including Rule 10b5-1 under the Securities Exchange Act of 1934.
Sample 1
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Trading by Designated Individuals During Window Periods. As previously indicated, Covered Persons, and in the case of directors and executive officers their Household Members and relevant entities (the “Designated Individuals”), may engage in a transaction involving securities of the Company only during the period each quarter beginning on the second business day after the public release of the Company’s quarterly financial data for the preceding quarter and ending on the 20th day of the last month of the quarter. The one-day waiting period before the trading window opens is intended to allow the public to evaluate and absorb the Company’s disclosures. The trading window does not, however, apply to the following transactions: · Gifts of previously-owned Company shares. However, Company shares purchased and then given as gifts are subject to the trading window. · Exercises of stock options, restricted stock or similar securities issued pursuant to a Company incentive plan. However, the sale of any such security obtained upon exercises is subject to the trading window. · The regularly scheduled purchase of Company shares in a 401(k) account (e.g., as part of a previously established periodic payroll reduction Banc of America Investment Services, Inc. 5-18-2007 schedule). However, increases in investment allocations relating to Company shares and transfers of investments in and out of Company shares are subject to the trading window. · Regularly scheduled reinvestments under a Company Dividend Reinvestment Plan (but not including any additional voluntary cash contributions made under the plan).
Sample 1
Trading by Designated Individuals During Window Periods. As previously indicated, Covered Persons, and in the case of directors and executive officers their Household Members and relevant entities (the “Designated Individuals”), may engage in a transaction involving securities of the Company only during the period each quarter beginning on the second business day after the public release of the Company’s quarterly financial data for the preceding quarter and ending on the 20th day of the last month of the quarter. The one-day waiting period before the trading window opens is intended to allow the public to evaluate and absorb the Company’s disclosures. The trading window does not, however, apply to the following transactions; · Gifts of previously-owned Company shares. However, Company shares purchased and then given as gifts are subject to the trading window. · Exercises of stock options, restricted stock or similar securities issued pursuant to a Company incentive plan. However, the sale of any such security obtained upon exercises is subject to the trading window. · The regularly scheduled purchase of Company shares in a 401(k) account
Sample 1

Related to Trading by Designated Individuals During Window Periods

  • Benefits Not Paid During Certain Periods General illness leave and short-term illness leave benefits will not be paid when an employee is: (a) receiving designated paid holiday pay; (b) on suspension without pay; (c) on a leave of absence without pay, other than leave of absence for Union business pursuant to Article 14 of the Agreement or in the case of circumstances covered under Article 22.05.

  • Six Month Delay for Specified Employees If any payment, compensation or other benefit provided to the Executive in connection with his employment termination is determined, in whole or in part, to constitute “nonqualified deferred compensation” within the meaning of Section 409A and the Executive is a “specified employee” as defined in Section 409A, no part of such payments shall be paid before the day that is six months plus one day after the Executive’s date of termination or, if earlier, the Executive’s death (the “New Payment Date”). The aggregate of any payments that otherwise would have been paid to the Executive during the period between the date of termination and the New Payment Date shall be paid to the Executive in a lump sum on such New Payment Date. Thereafter, any payments that remain outstanding as of the day immediately following the New Payment Date shall be paid without delay over the time period originally scheduled, in accordance with the terms of this Agreement.

  • Employee leaving during notice period An employee given notice of termination in circumstances of redundancy may terminate their employment during the period of notice. The employee is entitled to receive the benefits and payments they would have received under this clause had they remained in employment until the expiry of the notice, but is not entitled to any payment in lieu of any remaining notice.

  • Death During Benefit Period If the Executive dies after the benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Executive's beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

  • Unbroken Vacation Period An Employee shall receive an unbroken period of vacation unless mutually agreed upon between the Employee and the Employer.

  • Exercise Period Vesting 4.1. 1 111,111 Series C Warrants to purchase up to 1,111,111 Warrant Shares (50% of Series C Warrants) shall vest on March 1, 2023 (the “Second Vesting Date”) and be exercisable as of the Second Vesting Date and for three (3) years thereafter, subject to Section ‎4.3 below.; provided, however, that the Warrants under this Section ‎4.1 shall expire on the Second Vesting Date in the event the Milestone is not met, and the Partner has notified the Company on its decision to rescind the remaining balance of the Facility; 4.2. 1 111,111 Series C Warrants to purchase up to 1,111,111 Warrant Shares (50% of Series C Warrants) shall vest on September 1, 2023 (the “Third Vesting Date”) and be exercisable as of the Third Vesting Date and for three (3) years thereafter, subject to Section ‎‎4.3 below; provided, however, that the Warrants under this Section ‎4.2 shall expire on the Third Vesting Date in the event the Milestone is not met, and the Partner has notified the Company on its decision to rescind the remaining balance of the Facility; and further provided, that the Warrants under this Section ‎‎4.2 shall expire on the Third Vesting Date pro rata to the amounts of Tranches 3-8 which shall have not been actually withdrawn by the Company. By way of illustration only, (a) if the Company, at its sole discretion, withdraws US$0.5 million out of US$2 million of Tranches 3-8 available under the Agreement, than 833,333 Series C Warrants to purchase up to 833,333 Warrant Shares [75% of Series C Warrants under this Section ‎4.2] shall expire on the Third Vesting Date; and (b) if the Company, at its sole discretion, withdraws US$2 million out of US$2 million of Tranches 3-8 available under the Agreement, than none of Series C Warrants under this Section ‎4.2 shall expire on the Third Vesting Date;

  • Limitation Periods To the extent that any limitation period applies to any claim for payment of the Obligations or remedy for enforcement of the Obligations, the Obligor agrees that: (a) any limitation period is expressly excluded and waived entirely if permitted by applicable law; (b) if a complete exclusion and waiver of any limitation period is not permitted by applicable law, any limitation period is extended to the maximum length permitted by applicable law; (c) any applicable limitation period shall not begin before an express demand for payment of the Obligations is made in writing by the Credit Union to the Obligor; and (d) any applicable limitation period shall begin afresh upon any payment or other acknowledgment of the Obligations by the Obligor.

  • Probation for Newly Hired Employees (a) The Employer may reject a probationary employee for just cause. A rejection during probation shall not be considered a dismissal for the purpose of Article 11.2

  • Time off during notice period During the period of notice of termination given by the employer, an employee shall be allowed up to one day's time off without loss of pay for the purpose of seeking other employment. This time off shall be taken at times that are convenient to the employee after consultation with the employer.

  • Compensatory Time for Overtime Eligible Employees ‌ A. Compensatory Time Eligibility

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