Examples of Applicable Shares in a sentence
In case Eligible Directors have been sentenced to imprisonment without work or a heavier penalty (excluding suspended sentence) or subject to certain causes during the Period, the Company will automatically acquire all of her or his Applicable Shares without consideration.
In case Eligible Directors have been subject to certain causes such as significant violation of laws stipulated in the Contract and the Company’s Board of Directors determined that the acquisition of all or part of her or his Applicable Shares without consideration is deemed reasonable, the Company may acquire all or part of her or his Applicable Shares without consideration.
To assure that the applicable shall not be transferred, pledged, or otherwise disposed of, during the Period, the Applicable Shares will be under custody of specified account of Nomura Securities Co., Ltd.
The number of shares to be acquired in case the Company acquires part of her or his Applicable Shares will be determined by the Company’s Board of Directors, according to the period which Eligible Directors worked as the officers of the Company or Eligible Group Companies and other factors.
Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows: Holder of relevant interest Registered holder of securities Morgan Stanley & Co. International plc HSBC Custody Nominees (Australia) Limited Not Applicable Shares held or in respect of which the holder may exercise control over disposal in the ordinary course of sales and trading businesses.