Examples of Employee Trusts in a sentence
The SBA also administers several special purpose loan guaranty programs that address particular business needs, including the International Trade Loan Program, Export Working Capital Program, the Community Adjustment and Investment Program (CAIP), CAPLines Program, Employee Trusts Program, and Pollution Control Program.
The schemes may, as described above, be operated in conjunction with one or more Employee Trusts.
Senior black management and all permanent employees up to middle management level, the large majority of whom are black, will be invited to participate in the transaction through trusts set up for this purpose (“Employee Trusts”).The Employee Trusts will subscribe for B ordinary shares in Hulamin.
The shares held for the benefit of employees by the Employee Trusts will be under the control of the employees of Hulamin through their representation among the trustees.The salient terms and conditions of the Hulamin share incentive schemes are set out in Annexure 9 to this pre-listing statement.
C1 C B A Category (I)Shares underlying DRsNon -Promoter Non -Public PublicPromoter & Promoter Group Category of shareholder (II) - -64 | P a g e C2 Category (I) TotalShares held by Employee Trusts Category of shareholder (II)7 - Nos.
The B ordinary shares will rank pari passu with the other ordinary shares (except for the A ordinary shares) except that Hulamin will retain the right to repurchase a proportion of these shares at the completion of the option period at their par value, in order to ‘settle’ the notional vendor funding extended to the Employee Trusts to acquire these shares.
NBFCs registered 3with RBI1565000156500.005156500156500.00500.00500NANA15650(c) Employee Trusts 00000000000000NANA0(d) Overseas 0Depositories (holding DRs) (balancing figure)0000000000000NANA0(e) Any Other 7171(Specify)3276358100 3276358110.536 30645919 0 30645919 9.922 0 10.536 0 0 NA NA 32622743Bodies Corporate 8581506356700 150635674.844 15063567 0 15063567 4.877 0 4.844 0 0 NA NA 14953098 holding nominal share capital in excess of Rs. 2 lakhs.
During the initial stages, the NEF warehoused the shares intended to benefit Active Black Enterprises, Investor Black Enterprises, Employee Trusts, and the Education Trust which will benefit approximately 120 people.The project aims to achieve a minimum of 66% average local content.
Fees charge by for-profit organizations will be higher.❖ Qualified Employee Trusts Loan—The objective of this SBA program is to provide finan- cial assistance to Employee Stock Ownership Plans.
Public-----------------(C)Non Promoter- Non Public-----------------(C1)Shares underlying DRs-----------------(C2)Shares held by Employee Trusts----------------- Total *As of date of this prospectus 1 Equity Shares holds 1 vote.**Shall be locked-in on or before the date of allotment in this issue.