Examples of Court Sanction Date in a sentence
In the event of an Agreed Switch, references to the date on which the Scheme is sanctioned by the court (Court Sanction Date) will be read as if they referred to the date on which the Offer becomes or is declared unconditional in all respects.
Bidco acknowledges that any outstanding Options under the PSP that are unvested on the Court Sanction Date will vest and become exercisable on the Court Sanction Date in accordance with the rules of the PSP.
Bidco further acknowledges that all outstanding options will either have fully vested before or will become vested on the Court Sanction Date.
In the event of a Switch, references to the date on which the Scheme is sanctioned by the court ("Court Sanction Date") and the Effective Date will be read as if they referred to the date on which the Offer becomes or is declared wholly unconditional in all respects.
The Court Sanction Date will be deemed to be the purchase date for all Awards granted under the ESPP that have not reached their purchase date before the Court Sanction Date and ESPP participants' savings will be used to purchase Inmarsat Shares so that they participate in the Scheme (on the same terms as for other Inmarsat Shareholders).
DSBP") Awards granted under the DSBP which are unvested immediately before the Court Sanction Date will vest in full on the Court Sanction Date.
In the event that the Acquisition is effected as an Offer, references to the date of the Court Order ("Court Sanction Date") and the Effective Date will be read as if they referred to the date on which the Offer becomes or is declared unconditional in all respects.
The Bidder acknowledges that the satisfaction of the performance conditions that apply to the FY20 PSU Awards and FY21 PSU Awards (if such Awards have not already vested in the ordinary course) will be assessed by the Target Remuneration Committee on, or shortly prior to, the Court Sanction Date, and the Bidder will support any such determination made by the Remuneration Committee.
Tetra Tech acknowledges that any outstanding awards under the RPS ISPP that are unvested on the Court Sanction Date will vest in full on the Court Sanction Date in accordance with the rules of the RPS ISPP.
Options granted under the LTIP will be exercisable until the earlier of one month after the Court Sanction Date and the expiry of the normal exercise period.