Existing ESOP definition

Existing ESOP means the Company’s 2006 Global Share Plan, under which an aggregate of 5,224,126 Ordinary Shares have been reserved to be issued to officers, directors, employees and consultants of the Company and the Company’s 2010 Global Share Plan, under which an aggregate of 5,373,659 Ordinary Shares have been reserved to be issued to officers, directors, employees and consultants of the Company.
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Existing ESOP means an employee option pool of reserved 420,000,000 Ordinary Shares.
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Existing ESOP the CompareAsia Group Capital Limited 2015 Equity Plan adopted by the Directors prior to the date of this Agreement.
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Examples of Existing ESOP in a sentence

  • As a consequence of HIV/AIDS, men are now reluctant to inherit women whose husbands died of (any – not just AIDS-related) disease.

  • The following provisions shall survive the termination of this Agreement: sections 3, 5, 16, 21, 27, 33, 38, 39, 43, 46, 47.

  • In addition to the Existing ESOP, the Company shall establish a new employee stock ownership plan or other similar arrangements, provided that any Securities issued pursuant to the New ESOP shall not exceed ten per cent (10%) of the then fully-diluted total issued share capital of the Company (the "New ESOP", collectively with the Existing ESOP, the "ESOP").

  • The Company has sufficient authorized but unissued Ordinary Shares for issuance upon exercise of the options granted under the Existing ESOP.

  • The fully diluted pre-money capitalization of the Company shall consist of 1,257,824,052 Ordinary Shares held by ZAT, 1,259,272,864 Ordinary Shares held by Sinolink, 221,309,952 Ordinary Shares held by Warrior, 75,726,794 Ordinary Shares held by AIA and 420,000,000 Ordinary Shares reserved for the Existing ESOP immediately prior to the Initial Closing.

  • Other than the Existing ESOP and the Warrant Shares (as defined in the Shareholders Agreement), the Existing Shares comprise the whole of the Company’s allotted and issued share capital, which have been properly allotted and issued and are fully paid or credited as fully paid.

  • The fully diluted pre-money capitalization of the Company shall consist of 1,071,000,000 Ordinary Shares held by ZAT, 1,029,000,000 Ordinary Shares held by Sinolink, 206,164,594 Ordinary Shares held by Warrior, and 420,000,000 Ordinary Shares reserved for the Existing ESOP.

  • Other than the Existing ESOP, the Warrant and the RPSs held by Warrior and Sinolink, the Existing Shares comprise the whole of the Company’s allotted and issued share capital, which have been properly allotted and issued and are fully paid or credited as fully paid.


More Definitions of Existing ESOP

Existing ESOP has the meaning set out in Clause 5.1.
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Related to Existing ESOP

  • existing company means a company formed and registered under any of the previous companies laws…”

  • ESOP means a Plan that is intended to satisfy the requirements of Section 4975(e)(7) of the IRC.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Existing Plan means the Amended and Restated Novatel Wireless, Inc. 2000 Stock Incentive Plan.

  • Existing LLC Agreement is defined in the recitals to this Agreement.

  • Existing Equipment means any items of existing plant or equipment owned or controlled by either Pur- chaser or End-User upon which Supplier is required to perform Services.

  • Existing unit means a unit (including a unit subject to Section 111 of the Act) that commenced commercial operation before November 15, 1990, and that on or after November 15, 1990, served a generator with a nameplate capacity of greater than 25 MWe. Existing unit does not include simple combustion turbines or any unit that on or after November 15, 1990, served only generators with a nameplate capacity of 25 MWe or less. Any existing unit that is modified, reconstructed, or repowered after November 15, 1990, shall continue to be an existing unit.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Prior Plan means the coverage provided on a group or group-type basis by the group insurance policy, benefit plan or service plan that was terminated on the day before the Effective Date of the Plan and replaced by the Plan.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Stock Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) under the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such.

  • Defined Contribution Plan A retirement plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which the plan may allocate to such participant's account. The Advisory Committee must treat all defined contribution plans (whether or not terminated) maintained by the Employer as a single plan. Solely for purposes of the limitations of Part 2 of this Article III, the Advisory Committee will treat employee contributions made to a defined benefit plan maintained by the Employer as a separate defined contribution plan. The Advisory Committee also will treat as a defined contribution plan an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer and, for taxable years ending after December 31, 1985, a welfare benefit fund under Code Section 419(e) maintained by the Employer to the extent there are post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)).

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • capital accumulation plan means a tax assisted investment or savings plan, including a defined contribution registered pension plan, a group registered retirement savings plan, a group registered education savings plan, or a deferred profit-sharing plan, that permits a plan member to make investment decisions among two or more investment options offered within the plan, and in Québec and Manitoba, includes a simplified pension plan;

  • Restoration Plan means all technical and organisational measures necessary for the restoration of the system back to normal state;

  • Equity Contribution Agreement means the Equity Contribution Agreement, to be dated as of the Closing Date, by and among Guarantor, Borrower and Administrative Agent.

  • Defined Contribution Plan Fraction means a fraction, the numerator of which is the sum of the annual additions to a Participant’s accounts under all Defined Contribution Plans maintained by one or more Affiliated Companies, and the denominator of which is the sum of the lesser of (i) or (ii) for such Plan Year and for each prior Plan Year of Service with one or more Related Companies, where (i) is the product of 1.25 multiplied by the dollar limitation in effect under Section 415(c)(1)(A) of the Code for the Plan Year (determined without regard to Section 415(c)(6) of the Code), and (ii) is the product of 1.4 multiplied by the amount which may be taken into account under Section 415(c)(1)(B) of the Code (or Section 415(c)(7) of the Code, if applicable) with respect to the Participant for the Plan Year. Solely for purposes of this definition, contributions made directly by an Employee to a Defined Benefit Plan which maintains a qualified cost-of-living arrangement as such term is defined in Section 415(k)(2) shall be treated as Annual Additions. Notwithstanding the foregoing, the numerator of the Defined Contribution Plan Fraction shall be adjusted pursuant to Treasury Regulations 1.415-7(d)(1) and Questions T-6 and T-7 of Internal Revenue Service Notice 83-10.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Existing Agreement has the meaning set forth in the recitals.

  • Original LLC Agreement has the meaning set forth in the Recitals.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Rollover Amount has the meaning set forth in Section 7.16(b).

  • Capital Account Limitation has the meaning provided in Section 4.5(b) hereof.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Prior Plans means, collectively, the Company’s 2006 Long-Term Incentive Plan, as amended, 2009 Long-Term Incentive Plan, 2012 Long-Term Incentive Plan and 2013 Long-Term Incentive Plan. Awards granted under the Prior Plans continue to be governed under the terms of those Prior Plans.