Examples of ESOP Entities in a sentence
The Administrator shall be generally determined and appointed by the Participants as shareholders of such ESOP Entities.
The consideration for the incentive Shares subscribed by the ESOP Entities are the nominal value, which shall be jointly borne by and paid by the Participants.
Each of the sole director of the ESOP Entities, the board of directors or a committee or person as authorized shall act as the administrator of each ESOP Entity (the “Administrator”).
After expiry of the vesting period, if the Shares is not listed and the Participants intend to transfer their shares in the ESOP Entities, such person shall file a written application to the ESOP Committee within 20 business days after the end of the first quarter of the year.
As a result of the foregoing arrangements entered into between the ESOP Entities and Broad Gongga, each of the ESOP Entities was treated as a concert party of Broad Gongga, and therefore as a Concert Party, under Note 8 to Rule 22 of the Takeovers Code until 28 July 2022 when the letters of undertaking were terminated.
School-sponsored assemblies are a part of the curriculum, and as such, are designed to be educational as well as entertaining experiences.
The incentive Shares and shares of ESOP Entities beneficially owned by the Participants shall be subject to certain vesting conditions as set forth in paragraph (f) below.
Unless as otherwise indicated, the Participants shall remain to be employed by the Group and shall not dispose of any incentive Shares or shares of the ESOP Entities held under the Share Award Scheme II.
The Administrator shall be responsible for the management of incentive Shares held by the corresponding ESOP Entities in accordance with the terms and conditions of Share Award Scheme I and the instructions of ESOP Committee as set forth below.
Each of the sole director of the ESOP Entities incentive Shares, the board of directors or a committee or person as authorized shall act as the administrator of each ESOP Entity (the “Administrator”).