Employee Share Participation Plan definition

Employee Share Participation Plan means a plan pursuant to which an Employee holds a beneficial interest in Plan Shares that are legally held on behalf of that Employee or Employee’s Corporation by an Authorized Legal Representative and which satisfies the following criteria (the “Plan Requirements”):
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Employee Share Participation Plan means a plan pursuant to which an Employee or Employee’s Corporation holds a beneficial interest in Plan Shares that are legally held on behalf of that Employee or Employee’s Corporation by an Authorized Legal Representative and which satisfies the following criteria (the “Plan Requirements”): (i) the Authorized Legal Representative acts as agent for, and/or for the benefit of and on behalf of, each Plan Shareholder in respect of the Plan Shares beneficially owned by such Plan Shareholder pursuant to the plan; (ii) the plan expressly states that it is the intention of the relevant parties for United States federal income tax and other purposes that the plan will be treated as a mere contractual arrangement for participating in the ownership of PCLEH and not as a partnership, a joint venture, a co-ownership arrangement, a corporation or similar arrangement; (iii) the plan is not an employee stock ownership plan within the meaning of Section 4975(e)(7) of the United States Internal Revenue Code of 1986, as amended and the Treasury Regulations thereunder or Section 407(d)(6) of the United States Employee Retirement Income Security Act of 1974, as amended; and (iv) the plan, including any custodial account established pursuant to the plan for the Authorized Legal Representative to hold property on behalf of the plan participants, shall be invested exclusively in Plan Shares and nothing else.
Sample 1Sample 2
Employee Share Participation Plan means a plan pursuant to which an Employee or Employee’ s Corporation holds a beneficial interest in Plan Shares that are legally held on behalf of that Employee or Employee’ s Corporation by an Authorized Legal Representative and which satisfies the following criteria (the “ Plan Requirements” ): ( i ) the Authorized Legal Representative acts as agent for, and/or for the benefit of and on behalf of, each Plan Shareholder in respect of the Plan Shares beneficially owned by such Plan Shareholder pursuant to the plan;
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Examples of Employee Share Participation Plan in a sentence

  • On 15 August 2016, a total of 63,909 Ordinary Shares were issued and released to various employees under the terms of the Employee Share Participation Plan.

  • On 18 January 2013, a total of 369,423 of Ordinary shares were issued to a trust under the terms of the Employee Share Participation Plan.

  • On 7 September 2012, a total of 415,332 of Ordinary shares were issued to a trust under the terms of the Employee Share Participation Plan.

  • In the period ended 31 March 2021: In February 2021, following the subscription by employees in the prior year for shares under the Employee Share Participation Plan (the ‘Plan’), 198,219 shares were issued as ‘Matching Shares’ at nominal value under the Plan.

  • During the year, the Group re-introduced the Employee Share Participation Plan (see note 15 for further details).

  • No person may be recorded or registered in the Corporation’s securities register as legal holder of a Class 6 Share unless such person is an Authorized Legal Representative and, pursuant to an Employee Share Participation Plan, holds such share in the capacity of legal representative for, and acts as agent for, and/or for the benefit of and on behalf of, the Beneficial Owner thereof.

  • No person may be recorded or registered in the Corporation’s securities register as legal holder of a Class 5 Share unless such person is an Authorized Legal Representative and, pursuant to an Employee Share Participation Plan, holds such share in the capacity of legal representative for, and acts as agent for, and/or for the benefit of and on behalf of, the Beneficial Owner thereof.

  • Applicants may expect a response from LTA within 6 weeks fromthe date of submission, to request for clarifications and/or documents to be supplemented where necessary.

  • The rights and obliga- tions arising from the employment relationship between an employee and the Bell Food Group remain separate from and unaffected by the Employee Share Participation Plan.

  • The Employee Share Participation Plan Regulations were adopted by the Board of Directors at its meeting of 16 October 2018 and entered into force on 17 October 2018.

Related to Employee Share Participation Plan

  • Employee Stock Purchase Plan means a plan that grants Purchase Rights intended to be options issued under an “employee stock purchase plan,” as that term is defined in Section 423(b) of the Code.

  • Approved Stock Plan means any employee benefit plan which has been approved by the Board of Directors of the Company, pursuant to which the Company's securities may be issued to any employee, officer or director for services provided to the Company.

  • Parent Stock Plan has the meaning set forth in Section 6.2(a).

  • Company Stock Plan means any stock option plan or other stock or equity-related plan of the Company.

  • Restricted Stock Plan means either the RPM International Inc. 1997 Restricted Stock Plan or the RPM International Inc. 2007 Restricted Stock Plan and any successor plan or arrangement to either of such plans, but shall not be deemed to mean or include the Omnibus Plan.

  • Company Option Plan means, collectively, each stock option plan, program or arrangement of the Company.

  • Approved Share Plan means any employee benefit plan which has been approved by the board of directors of the Company prior to or subsequent to the date hereof pursuant to which Ordinary Shares and standard options to purchase Ordinary Shares may be issued to any employee, officer, director or advisers for services provided to the Company in their capacity as such.

  • Company Incentive Plan shall have the meaning assigned to it in Section 1.7 hereof.

  • Equity Plan means any stock or equity purchase plan, restricted stock or equity plan or other similar equity compensation plan now or hereafter adopted by the Company or the Corporation.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Participating Shares means shares that entitle their holders to participate without limitation in distributions.

  • Company Stock Option Plan means each share option plan, share award plan, share appreciation right plan, phantom share plan, share option, other equity or equity-based compensation plan, equity or other equity based award to any employee, whether payable in cash, shares or otherwise (to the extent not issued pursuant to any of the foregoing plans), or other plan or contract of any nature with any employee pursuant to which any share, option, warrant or other right to purchase or acquire shares of the Company or right to payment based on the value of Company shares has been granted or otherwise issued.

  • Company Equity Incentive Plan means the Company’s omnibus equity plan, last approved by Company Shareholders on November 6, 2018 and as proposed to be amended at the Company’s May 7, 2019 shareholders’ meeting.

  • Share Option Plan means any equity incentive plan of the General Partner, the General Partner Entity, the Partnership and/or any Affiliate of the Partnership.

  • Parent Stock Plans has the meaning set forth in Section 4.5(a).

  • Stock Purchase Plan means the employee stock purchase plan to be established by Water Pik pursuant to Section 2.2.

  • Equity Award means all incentive stock options, non-statutory stock options, shares of restricted stock, restricted stock units or other incentive equity awards in respect of shares of the Company’s equity securities that have been or will be granted to you by the Company.

  • Company Stock Plans has the meaning set forth in Section 3.02(b).

  • Company Stock Option Plans shall have the meaning set forth in Section 3.07(a).

  • Company Equity Plan means any management equity or stock option or ownership plan or any other management or employee benefit plan of the Company or any Subsidiary of the Company.

  • Company Option Plans means the Company 1994 Incentive Stock Plan, the Company 1995 Outside Director’s Stock Option Plan and the Company 2004 Incentive Stock Plan.

  • Option Plan has the meaning ascribed to it in section "4.7" hereinbelow;

  • Company RSU Award means an award of restricted stock units relating to shares of Company Common Stock granted under a Company Equity Incentive Plan (including any dividend equivalent units credited thereon).

  • Employee Share Scheme means a scheme established by a company, whether by means of a trust or otherwise, for the purpose of offering 10 participation therein solely to employees and officers of the company or a subsidiary of the company, either—

  • Company Share Plans means, collectively, (i) the 2018 Share Incentive Plan of the Company, which replaced the Company’s 2010 Share Incentive Plan in its entirety, and (ii) the Post-IPO Share Incentive Plan of the Company.

  • non-equity incentive plan means an incentive plan or portion of an incentive plan that is not an equity incentive plan;