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 the Quadnetics Shares held by the Quadnetics Group Employee Share Scheme Limited Partnership
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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.

  • Furthermore, it is anticipated that the 248,000,000 EBT Shares issued under the JSOP representing approximately 7.3 per cent.

  • Employee Benefit Trust (EBT) Shares continued to be purchased by the EBT throughout 2019 for use in the Group share schemes.

  • Pursuant to the terms of the SunRay Malta Holdings Limited Share Plan Rules, the EBT Trustee is required to transfer the EBT Shares on a Complete Exit as defined in the Company Shareholders Agreement.

  • 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.

  • However, the EBT Trustee will be entitled to vote, in respect of EBT Shares, on the resolutions proposed at the General Meeting.

  • For the purposes of calculating the Tender Offer Entitlement, the Company has excluded the Locked-in Shares and the EBT Shares, which will not be tendered.

  • The EBT Trustee is the sole registered legal and beneficial owner of the EBT Shares and such EBT Shares are to be sold pursuant to this Agreement.

  • The EBT Shares constitute all of the securities of the Company or any Subsidiary owned directly (or through nominees or trustees where so indicated) by the EBT Trustee, and the EBT Trustee, other than pursuant to the SunRay Malta Holdings Limited Share Plan, has no other rights to acquire any Company Capital Stock.

  • Where the applicant sends a reply, the empowered authority shall submit a response to the opposing party and, after hearing the parties, if one or both of them wish to be heard, and examining the substantive issues, shall decide whether the geographical indication shall be registered or not.


More Definitions of EBT Shares

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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EBT Shares shall have the meaning set out in the EBT Sale Agreement;
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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 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 Company;

  • 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 the shares of Common Stock issuable in payment of dividends payable on the Preferred Shares in accordance with the terms of the Certificate of Designation.

  • Put Shares means shares of Common Stock that are purchased by the Investor pursuant to a Put.

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

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

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

  • Unit Shares means the Common Shares comprising part of the Units;

  • 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 a participating share of no par value in the capital of the Fund, denominated in US Dollars;

  • 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 shall have the meaning set forth in Section 2.7(c).

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

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

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Pubco Shares means fully paid and non-assessable common shares of Pubco to be issued to the Selling Shareholders by Pubco upon Closing on the basis of 1 Pubco Share for 5.4935 Priveco Shares;