Examples of EBT Trustee in a sentence
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.
Again, this transform is symbolic only, as practically the vertical matrices are applied separately for each horizontal position.
Any proceeds due to you (less income tax and social security contributions that Meggitt is required to withhold and less any applicable fees) from the sale of your Meggitt Shares to Parker will be paid to you through payroll after the proceeds have been received from Parker.Any Meggitt Shares to which you become entitled in connection with the Acquisition in relation to your Conditional Awards will be held on your behalf by the EBT Trustee, as your nominee.
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.