Examples of Eligible Officers in a sentence
For the Disposal of Own Shares, the Eligible Officers to whom the stock is scheduled to be granted will pay in all the said monetary compensation claim as property contributed in kind, and receive the common stock of the Company to be disposed of by the Company.
During the transfer restriction period, the Allotted Shares shall be managed in dedicated accounts opened by the Eligible Officers with Daiwa Securities Co., Ltd.
In cases where there are no special circumstances indicating that the latest share price of the Company may not be relied on, this price is deemed to be rational as it appropriately reflects the Company’s corporate value and not to be particularly favorable to Eligible Officers because it is the share price on the market on the day immediately preceding the date of resolution by the Board of Directors.
Eligible Officers shall not transfer, create a security interest on, or otherwise dispose of Credit Saison's common stock allotted for the period prescribed in advance.
In addition, the Company has obtained consent from the Eligible Officers as to the details of the said transfer restrictions, etc.
Rules on the administration of shares The Eligible Officers shall complete procedures for opening an account at SMBC Nikko Securities Inc.
Administration of shares To prevent the Eligible Officers from transferring, setting collateral rights for, or otherwise disposing of the granted shares during the Transfer Restriction Period, each of the Eligible Officers opens a dedicated account with Mizuho Securities Co., Ltd.
Furthermore, at the 86th Annual General Meeting of Shareholders held on June 23, 2017, it was approved by the shareholders that under the Plan, the compensation for no more than 100,000 the granting of restricted stocks per year will be provided to the Eligible Officers.
This price is the market value immediately preceding the date of the resolution of the Board of Directors, and is a reasonable price that properly reflects the Company’s corporate value in a state where there are no special circumstances under which the foregoing price is not relied upon the most recent stock price, and does not fall within a price that is excessively advantageous for the Eligible Officers.
Eligible Officers will only receive delivery of shares of common stock of the Company after they have retired from office.