EBT Trustee definition
Examples of EBT Trustee in a sentence
The proceeds of sale may not be sufficient for the EBT Trustee to repay the loan in full.
The Company has no recourse under the loan to the assets of the EBT Trustee other than the proceeds of the sales of the shares.
Such Company Shareholder acknowledges and agrees that the EBT Trustee is the legal owner of 1,122 Company Class C Shares.
The EBT Trustee will not normally exercise the voting rights of unvested Ordinary Shares held under the EBT but may exercise such rights on vested Ordinary Shares at the request of the relevant participants.
If the proceeds of the sale of its beneficial interest are greater than the amount the EBT Trustee is required to repay under the loan, the EBT Trustee may apply any surplus for future employee incentivisation arrangements.