Examples of FC Group in a sentence
Awards of deferred shares vest three years after completion of the acquisition, subject to continued employment within the F&C Group or membership of one of the two TRC LLPs. The TRC MRP awards are not subject to any performance criteria.
Note 15(a) outlines the key aspects of the Commutation arrangements which were established at the date of the acquisition of TRC by the F&C Group.
Most of the fighting took place in the Mindanao provinces, particularly North Cotabato, Maguindanao, Sultan Kudarat, and Basilan.
Under these arrangements, the Divisional Members of TRC Investment Teams entered into put and call options, which if exercised will typically transfer up to 20% of their entitlement to management fee profits to the F&C Group.
If the cumulative EBITDA is equal to £60.0m or less, none of this tranche of shares will vest and the number of the shares that vest will increase on a linear basis if the Run-rate EBITDA falls between these two thresholds.Vesting is subject in each case to continued employment within the F&C Group or membership of the relevant LLP (as the case may be).
These exercises transferred a further entitlement of the management fee profits (typically 10%) to the F&C Group.
Under these arrangements, the Divisional Members of TRC Investment Teams entered into put and call options, which if exercised will transfer up to 20% of their entitlement to management fee profits to the F&C Group.
Neither IFA Parent nor any IFA Entity shall have become aware of any previously undisclosed information with respect to any member of the FC Group, any Management Member, any Drive Entity or any Auto Entity which, in the opinion of IFA Parent or such IFA Entity, would have such a Material Adverse Effect.
The Sellers and Powerfleet agree that all Transaction Tax Deductions will be treated as properly allocable to a Pre-Closing Tax Period, and the Agent will include all Transaction Tax Deductions as deductions in the relevant Tax Returns of the FC Group Entities, to the extent permitted by applicable Law.
Powerfleet shall, within fifteen (15) days after such amount is realized by an FC Group Entity or Powerfleet or their successors or assigns, pay or cause to be paid to the Agent (for further distribution to the Sellers in accordance with their Allocable Portion), as an increase to the Purchase Price, an amount equal to any Transaction Tax Benefit realized.