EBT Trustee definition
Examples of EBT Trustee in a sentence
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.
Such Company Shareholder acknowledges and agrees that the EBT Trustee is the legal owner of 1,122 Company Class C Shares.
Bidco further acknowledges and agrees that additional Target Shares may be held by the Target EBT Trustee from time to time in relation to the Deferred Shares to the extent that dividends are declared by Target between the date of this Agreement, and Court Sanction, and such dividends are re-invested in Target Shares by the Target EBT Trustee in its capacity as bare trustee for and on behalf of the holders of Deferred Shares in accordance with the normal operation of the Annual Bonus Plan.
The EBT Shares are owned as of record by the EBT Trustee, which holds such Shares on behalf of the beneficiaries of the EBT.
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.