Examples of ESPP Participants in a sentence
The Corporation will credit an ESPP Participant's ESP Account with notional grants of Common Shares for each quarterly period in an amount equal to the quotient obtained when (i) the aggregate contribution then held by the Corporation in trust for an ESPP Participant at the end of each quarterly period, is divided by (ii) the "Market Value" of the Common Shares as at the end of each quarterly period.
For each quarterly period during a calendar year, the Corporation will credit (or notionally credit) each ESPP Participant's account (each, an " ESP Account") with an amount equal to 60% of the amount of the ESPP Participant Contribution (the "Corporation Contribution"), where the Corporation Contribution represents 37.5% of the overall contribution.
Common Shares issued to ESPP Participants under the ESP Plan may be made subject to any holding period as deemed appropriate or as required under applicable securities laws.
Such direction will remain effective until: (i) the ESPP Participant's employment is terminated (as described more fully below), (ii) the ESPP Participant's Retirement (as defined in the ESP Plan), (iii) the ESPP Participant elects to withdraw from the ESP Plan by delivering a completed and executed "Withdrawal Form", or (iv) the Board terminates or suspends the ESP Plan, whichever is earlier.
The ESPP Participant Contribution, as determined by the ESPP Participant, shall be a minimum of $250 per month and must not exceed 15% of the ESPP Participant's base annual salary (before deductions).
The ESPP Participant Contribution, as determined by the ESPP Participant, shall be a minimum of$250 per month and must not exceed 15% of the ESPP Participant's base annual salary (before deductions).
For each quarterly period during a calendar year, the Corporation will credit (or notionally credit) each ESPP Participant's account (each, an "ESP Account") with an amount equal to 60% of the amount of the ESPP Participant Contribution (the "Corporation Contribution"), where the Corporation Contribution represents 37.5% of the overall contribution.
Such direction will remain effective until: (i) the ESPP Participant's employment is terminated (as described more fully below), (ii) the ESPP Participant's Retirement (as defined in the ESP Plan), (iii) the ESPP Participant elects to withdraw from the ESPPlan by delivering a completed and executed "Withdrawal Form", or (iv) the Board terminates or suspends the ESP Plan, whichever is earlier.
Note the inflection points at low [ATP] and convex profile at saturating [ATP].
Notional Common Shares credited to the ESPP Participant's ESP Account will vest as follows: (a) In respect of the ESPP Participant Contribution, notional Common Shares will vest immediately upon the earlier of (i) a Change of Control (as defined in the ESP Plan) of the Corporation, (ii) the retirement of the ESPP Participant, (iii) the commencement of the total disability of the ESPP Participant, (iv) the death of the ESPP Participant, and (v) December 31st of any calendar year.