Examples of Equalisation Agreement in a sentence
Under the Articles of Association of NV and the Articles of Association of PLC both companies are required to carry out the Equalisation Agreement with the other.
Section 3: It is recognized that changing conditions may from time to time require the adjustment or modification of existing wage rates or the installation of a new wage rate not in effect on the plant’s wage scale as of the date of this Agreement.
The Equalisation Agreement regulates the mutual rights of the two sets of shareholders in NV and PLC.
Nevertheless, the Equalisation Agreement means that as a shareholder of either company you effectively have an interest in the whole of Unilever.
On 20 December 2017 St Albans Diocesan Property Company Limited signed a Collaboration and Equalisation Agreement with the owners and co-developers of adjacent land to its own near Houghton Regis.
The ordinary share capital of NV and PLC is translated in accordance with the Equalisation Agreement.
The Companies will endeavour, prior to the implementation of Simplification and subject to all necessary approvals being granted, to rebalance NV’s and PLC’s respective net assets in proportion to the ratio as agreed between the Companies so as to avoid that any claim may arise upon the termination of the Equalisation Agreement, Agreement for Mutual Guarantees of Borrowing and the Deed of Mutual Covenants.
This is achieved by special provisions in the articles of association of each of the Company and Unilever PLC, together with a series of agreements between the Company and Unilever PLC (e.g. the Equalisation Agreement, the Deed of Mutual Covenants and the Agreement for Mutual Guarantees of Borrowing), known as the Foundation Agreements.
NV and PLC have the same Directors and are linked by a series of agreements, including an Equalisation Agreement, which are designed so that the positions of the shareholders of both companies are as closely as possible the same as if they held shares in a single company.
The Boards have resolved to recommend to the Annual General Meetings for PLC and NV, to be held on 14 May 2008 and 15 May 2008 respectively, the declaration of final dividends in respect of 2007 on the Ordinary capitals at the following rates which are equivalent in value at the rate of exchange applied in terms of the Equalisation Agreement between the two companies: Unilever N.V.€0.50 per ordinary share* (2006: €0.47).