Executive interest definition

Executive interest and "executory interest" means the interest entitling the owner to
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Executive interest and “executory interest” means the interest entitling the owner to lease the oil and gas estate or amend an existing oil and gas lease. For purposes of this section, the owner of the executive interest is considered to be the royalty owner and interested party for purposes of notice and participation in proceedings here in this article, and all horizontal well unit orders are binding on the owners of executive interests and nonexecutive interests in a horizontal well unit. The owners of the executive interest and the associated nonexecutive interest owners are considered to be the same interest for purposes of computing percentages pursuant to §22C-9-7a(c)(2)(A) and §22C-9-7a(c)(2)(B) of this code;
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Executive interest means the Executive's beneficial interest in the Shares acquired pursuant to this Deed, the value of which is calculated in accordance with Clause 3.1;
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Examples of Executive interest in a sentence

  • It maintains that it continues to represent the public (and the Executive) interest in the vacatur proceedings.

  • A significant portion of the key talent compensation delivered through restricted ESOP Plans with retention expectations in place to ensure alignment of the Executive interest with those of shareholders.

  • He suggested that there was material consideration that outweighed the housing zoning by BMAP, including the lack of developers’ intent for housing and Housing Executive interest.

  • Executive interest in carrying out high profile cutting-edge research in time to respond to the up-coming hungry season which was less than five months away at the time of first conception, appears to have “crowded out” due diligence and rigorous program and operational planning.

  • He must acknowledge another as the real master of the estate, invested with a higher right.

  • Should the Company be unable to make any of the cash payments when due to Executive, interest shall accrue at a rate of eighteen percent (18%) per annum on all unpaid Separation Benefits.

  • Respondents were asked to complete the entire questionnaire, guided by the research assistants where it was necessary.

  • With respect to any payment delayed pursuant to this Section 3(e), the Company shall pay the Executive, on the day on which such delayed payment is made to the Executive, interest on such delayed payment for the period of such delay at the applicable federal rate provided for in Section1274(d) of the Code for the month in which such delayed payment otherwise would have been made.

  • Consequently there are currently 21 subject areas within the audit programme (Table 2 Proactive Audit Subjects 2016 – 2018) which also includes the 15 topics of known Health and Safety Executive interest.

  • The Company shall pay to the Eligible Executive interest at the prime lending rate (as reported from time to time by The Wall Street Journal) on all or any part of any amount to be paid to Eligible Executive hereunder that is not paid when due.


More Definitions of Executive interest

Executive interest and “executory interest” means the
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Related to Executive interest

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.