Examples of Allocation Shares in a sentence
PERFORMANCE ALLOCATION 1.1 Subject to the satisfaction of the Hurdle Condition, in respect of each Performance Allocation Period, the Performance Allocation Amount shall be allocated to the Performance Allocation Shares Class Fund (to the extent that amount is a positive number).
It is the intent of the Members that, if immediately after making the allocations set forth in this Article 54.2, the Company was dissolved, its affairs wound up and its assets were distributed to the Ordinary Shares and Performance Allocation Shares in accordance with their respective entitlements (which are intended to be equal to their Adjusted Capital Account balances), such distributions would, as nearly as possible, be equal to the distributions that would be made pursuant to Article 46.
The allocations set forth in this Article 54.2 are intended to allocate Profits to the Ordinary Shares and Performance Allocation Shares in accordance with their economic interests in the Company while complying with the requirements of Subchapter K of Chapter 1 of Subtitle A of the Code (particularly Section 704 thereof) and the Treasury Regulations promulgated thereunder.
Except as otherwise provided in these Articles, all items of the Company income, gain, loss, deduction, credit and any other allocations not otherwise provided for shall be divided among the Ordinary Shares and Performance Allocation Shares in the same proportion as they share distributions, as the case may be, for the year.
The Directors may agree with the holders of Performance Allocation Shares to make such adjustments to the Model as may be considered fair, reasonable and necessary to give effect to the intentions of the Company and the holders of Performance Allocation Shares as at Admission, and any such changes shall be deemed not to constitute a variation of the class rights attaching to the Ordinary Shares or any other class of Shares.
In each Allocation, a Validated Consultant’s award of Allocation Shares will be contingent on a vesting requirement that in the 12 months beginning with the Company’s Allocation Notice (“Vesting Period”) the Validated Consultant earn additional Points equal to or greater in number than the number of the Validated Consultant’s Points participating in that Allocation (“Vesting Condition”).
Qualified Consultants who have provided and verified such information, and been approved by the Company, are referred to as “Validated Consultants.”The number of Allocation Shares each Validated Consultant will be eligible to acquire will be the Validated Consultant’s pro rata portion of the Allocation Shares, based on the ratio of the number of the Qualifying Consultant’s Points to the aggregate number of Points of all Qualified Consultants participating in that Allocation.
If the outstanding Common Stock of the Company is hereafter increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of any stock split, combination of shares, dividend payable in shares, recapitalization or reclassification, appropriate adjustment shall be made by the Board of Directors in the number of unissued Plan Shares and in the number of Allocation Shares.
A particular Purchaser's "pro-rata portion" of the Allocation Shares shall be determined by multiplying the number of Allocation Shares by a fraction, the numerator of which shall be the number of shares of Series D Preferred (determined on an as-converted basis) held by a particular Purchaser and the denominator of which shall be the total number of shares of Series D Preferred (determined on an as-converted basis) then outstanding.
The Debtors shall timely make all filings and reports relating to the offer and sale of the Direct Allocation Shares and the Unsubscribed Shares issued hereunder required under applicable securities and “Blue Sky” Laws of the states of the United States following the Closing Date.