Employee Reservation Portion definition
Employee Reservation Portion means the portion of such number Equity Shares as disclosed in the Offer Documents, which shall not exceed 5% of the post-Offer equity share capital of the Company, available for allocation to Eligible Employees, on a proportionate basis.
Employee Reservation Portion means the portion of the Offer being up to [●] Equity Shares aggregating up to ₹ ₹190.00 million, available for allocation to Eligible Employees, on a proportionate basis;
Employee Reservation Portion means the portion of the Offer which will be made available for allocation to Eligible Employees, on a proportionate basis;
Examples of Employee Reservation Portion in a sentence
The unsubscribed portion, if any, in the Employee Reservation Portion shall be added back to the Net Offer.
The Offer less the Employee Reservation Portion is to be referred to as the “Net Offer”.
The Offer includes the Employee Reservation Portion (defined below).
Subsequent undersubscription, if any, in the Employee Reservation Portion shall be added back to the Net Offer.
Further, the Company in consultation with BRLMs may decide to offer a discount to the Offer Price to the Eligible Employees under the Employee Reservation Portion.
More Definitions of Employee Reservation Portion
Employee Reservation Portion has the meaning ascribed to such term in the Offer Documents.
Employee Reservation Portion shall have the meaning attributed to such term in the recitals of this Agreement;
Employee Reservation Portion means the portion of the Offer being up to 1,579,399 Equity Shares which was available for allocation to Eligible Employees, on a proportionate basis. Such portion shall not exceed 5.00% of the post-Offer Equity Share capital of the Company;
Employee Reservation Portion has the meaning ascribed to it in Recital (A) of this Agreement; “Encumbrances” has the meaning ascribed to it in Clause 3.8 of this Agreement;
Employee Reservation Portion shall have the meaning given to such term in the Offer Documents; “Employee Discount” shall have the meaning given to such term in the Offer Documents;
Employee Reservation Portion means the portion of the Offer being up to 100,000 Equity Shares of face value of ₹1 each aggregating up to ₹ [●] which shall not exceed 5% of the post Offer Equity Share capital of the Company, available for allocation to Eligible Employees, on a proportionate basis. The maximum Bid Amount under the Employee Reservation Portion by an Eligible Employee shall not exceed ₹500,000 (net of the Employee Discount). However, the initial Allotment to an Eligible Employee in the Employee Reservation Portion shall not exceed ₹200,000. Only in the event of under-subscription in the Employee Reservation Portion, the unsubscribed portion will be available for allocation and Allotment, proportionately to all Eligible Employees who have Bid in excess of ₹200,000.
Employee Reservation Portion means, in accordance with and subject to Regulation 33 of the ICDR Regulations, the portion of the Offer being the Equity Shares aggregating up to ₹ 250.00 million, available for allocation to Eligible Employees, on a proportionate basis.;