EBT Shares definition

EBT Shares means the 1,122 Company “C” Shares held by the EBT Trustee within the EBT subject to the terms of the trust instrument and the SunRay Malta Holdings Limited Share Plan Rules.
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EBT Shares any shares in the Company and/or its subsidiaries held by the Employee Benefit Trust (as defined in the Company Disclosure Letter), and any other shares which are received or held by the Employee Benefit Trust as a result of the Merger;
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EBT Shares means Common Shares and/or Convertible Preferred Shares transferred to each Manager on or after the first anniversary of Closing by the Trustee (as defined in the Trust Deed), following a determination by the Nomination and Compensation Committee, and any shares into which any such Common Shares and/or Convertible Preferred Shares shall have been changed or any shares resulting from any reclassification of any such Common Shares and/or Convertible Preferred Shares; “Employee Taxation” means the amount for which any Group Company becomes liable to account to a Tax Authority in respect of income tax and employees’ national insurance (including any payroll taxes incurred as a result of the steps contemplated by Clause 2) or other employee social security contributions or the equivalent in any relevant jurisdiction; “End Date” means the earlier of (i) the fifth anniversary of Closing; and (ii) the date falling one month after the date on which the SL Investor ceases to hold legal and/or beneficial interest in any Shares (directly or indirectly); “Escrow Agent” means the escrow agent pursuant to the Escrow Agreement; “Escrow Agreement” means the escrow agreement to be entered into between the Investor, the Company, the Managers and an escrow agent in connection with the escrow of the Shares held by the Managers; “Estimated Closing Statement” has the meaning given in the Merger Agreement; “Estimated Consideration” has the meaning given in the Merger Agreement; “Estimated FPAC Transaction Expenses” has the meaning given in the Merger Agreement; “Euro” or “€” means the lawful currency of certain participating member states of the European Union; “Euro Equity Value” means (a) the Consideration, less (b) an amount equal to all fees and expenses, advisory fees and other costs that are paid by or expected to be paid by the Seller Parties (as defined in the Merger Agreement) from Consideration received; “Exchange Rate” has the meaning given in the Merger Agreement;
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Examples of EBT Shares in a sentence

  • Employee Benefit Trust (EBT) Shares We have approximately 25.2 million outstanding common shares that are held by the Markit Group Holdings Limited Employee Benefit Trust.

  • If the Customer has any reasonable objection to the appointment of New Sub- Processors on the grounds that such New Sub-Processor: (a) would put the Customer in breach of its obligations under the Data Protection Legislation (or any other applicable law); or (b) is a direct competitor of the Customer, the Customer shall notify CSC of this objection in writing within a reasonable period after CSC’s Notification pursuant to this clause 7(b)(i).

  • If they do, then you must set this option to true; otherwise, the footnotes will become corrupted.

  • The Class C Holders (through a nominee) beneficially own all of the issued Company Class C Shares other than the EBT Shares.

  • The Fi- bonacci binary encoding and computation of its values are used in Fibonacci shift operations.

  • The EBT Trustee has resolved that, at the Closing, it will sell the EBT Shares to Purchaser on the terms and conditions set out herein.

  • Once the Scheme becomes Effective, the Scheme will be binding on all Scheme Shareholders, irrespective of whether or not they attended and/or voted in favour of the Scheme, and all OpSec Shares not already owned by Orca will be transferred to Orca.The EBT Shares and the OpSec Shares and Preferred Shares beneficially held by Orca do not form part of the Scheme.

  • Upon the Closing, transfer of the EBT Shares to Purchaser in the manner provided in Section 2.1 will vest in Purchaser all right, title and interest in, to and under such EBT Shares, free and clear of all Liens (other than any that may be created by Purchaser and any restrictions on Purchaser’s transfer under applicable securities Laws).

  • In addition, the Class C Holders shall cause to be sold, conveyed, assigned, transferred and delivered, to Purchaser, and Purchaser shall purchase, acquire, assume and accept all of the right, title and interest in and to, the EBT Shares, free and clear of all Liens (other than Liens created by Purchaser and restrictions on Purchaser’s transfer under any applicable securities Law).

  • Such EBT Shares are not subject to any Liens (other than restrictions on Purchaser’s transfer under applicable securities Laws) or to any rights of first refusal of any kind that will remain in effect as of the Closing, and no rights to purchase have been granted and there are no obligations to transfer, assign or otherwise dispose of such EBT Shares to any other Person (other than Purchaser) that will remain in effect as of the Closing.


More Definitions of EBT Shares

EBT Shares. ’ means the Quadnetics Shares held by the Quadnetics Group Employee Share Scheme Limited Partnership
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EBT Shares means the 4,663 C ordinary shares of $0.01 each and the 770 deferred shares of $0.01 each in the capital of the Company legal and beneficial title to which are held by the Trustee Seller.
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EBT Shares shall have the meaning set out in the EBT Sale Agreement;
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EBT Shares means the Shares set out against the name of the Trustee Seller in Part IV to Schedule 1 of this Agreement. Employees has the meaning given to it in paragraph 2.1 of Part XIV - of Schedule 5.
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Related to EBT Shares

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Common Shares means the common shares in the capital of the Corporation;

  • Earnout Shares has the meaning set forth in Section 3.6(a).

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Dividend Shares means any shares of Common Stock issuable in lieu of cash dividends paid or to be paid on the Series A Preferred.

  • Put Shares means all shares of Common Stock issued, or that the Company shall be entitled to issue, per any applicable Put Notice in accordance with the terms and conditions of this Agreement.

  • Amalco Shares means the common shares in the capital of Amalco;

  • Earn-Out Shares has the meaning provided in Section 2.2(b).

  • Series D Shares means shares of Series D Convertible Preferred Stock, par value $0.001 per share of the Company and having the rights, privileges, preferences and restrictions set forth in the Charter.

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Unit Shares has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • A Shares means shares issued by companies incorporated in the PRC and listed on the SSE or the SZSE, traded in RMB and available for investment by domestic investors through Stock Connect.

  • Newco Shares means the common shares in the capital of Newco;

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • New Ordinary Shares means the new Ordinary Shares arising on Conversion of the C Shares;

  • Consideration Shares has the meaning ascribed thereto in Section 2.2.

  • ASA Shares has the meaning set forth in 2.4(a).

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

  • Series C Shares means the shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series C, of the Company.