French Entity definition

French Entity means:

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French Entity means a Subsidiary or Parent of the Company incorporated in France or a branch of the Company or of any Subsidiary or Parentof the Company registered in France, whether existing currently or in the future, of which the Company holds directly or indirectly at least 10% of the share capital.

French Entity has such meaning as is given to it under the definition of “Subsidiary” under Article L 225-180 of the French Commercial Code. A French Entity also means (a) a French permanent establishment of the Company, (b) a French permanent establishment of a non-French subsidiary of the Company, and (c) the French permanent establishment of a non-French company of which the Company is a subsidiary.

Examples of French Entity in a sentence

• Except in the case of your termination due to death or Disability (as defined in the French Sub-Plan), the restrictions described in provisions (a), (b) and (c) above will continue to apply even if you are no longer an employee or managing corporate officer of the Company or a French Entity (as defined in the French Sub-Plan).

• These restrictions apply even if the Awardee is no longer an employee or a corporate officer of the French Entity.

• Except in the case of Participant’s Termination of Service due to death or Disability, the restrictions described in provisions (a) and (b) above will continue to apply even if Participant is no longer an Employee or managing corporate officer of the Company or a French Entity.

• Completion of the French Works Councils Process shall be deemed to take effect with respect to a French Entity upon Seller considering that it has concluded the French Works Councils Process in respect of the proposed transaction in accordance with the applicable legislation.

• No Restricted Stock Unit shall vest unless the holder of the Restricted Stock Unit is an employee of the Company or any French Entity on the Vesting Date.

• The Committee has determined that it is appropriate to establish a sub-plan for the purpose of permitting Restricted Stock Units granted to employees of a French Entity to qualify for the favorable tax and social security treatment available for such grants in France.

• If a French Participant’s employment with the Company or French Entity terminates by reason of his or her death or Disability (as defined herein), the French Participant or the French Participant’s heirs, as applicable, shall not be subject to the restriction on the transfer of Stock set forth in Section 4(b).

• These restrictions apply even if Awardee is no longer an employee or a corporate officer of the French Entity.

• The adoption of this French RSU Sub-Plan shall not confer upon the French Participants, or any employees of a French Entity, any employment rights and shall not be construed as part of any employment contracts that a French Entity has with its employees.

• Any address for notice may be changed by any party by ten (10) days' written notice to the other parties.

More Definitions of French Entity

French Entity has the meaning set forth in Section 2.7(a).

French Entity means Therakos (France) SAS, a French simplified joint-stock company (société par actions simplifiée) whose registered office is located at 105, avenue Raymond Poincaré – 75116 Paris, France and registered with the Trade and Companies Registry of Paris under number 750 632 697.

French Entity has such meaning as is given to it under the definition of “Subsidiary” under Article L 225-180 of the French Commercial Code. A French Entity also means (a) a French permanent establishment of the Company, (b) a French permanent establishment of a non-French subsidiary of the Company and (c) the French permanent establishment of a non-French company of which the Company is a subsidiary. 2.Eligible Individual means any person who, on the Grant Date of the Options and to the extent required under French law, is employed by a French Entity under the terms of a written or oral employment agreement and/or any person holding an executive office with a French Entity and who might be granted Options under French law. An Eligible Individual also means any person who does not own, on the applicable Grant Date, Shares representing more than 10% of the issued share capital of the Company. 3.Grant Date means the date on which the Administrator (a) makes the determination granting the Options to a Participant, (b) determines the number of Options granted to such Participant and (c) the Option Exercise Price. 4.Participant means an Eligible Individual who has been granted Options pursuant to the Plan. French Qualifying Options may only be granted to Eligible Individuals as defined above. Stock Appreciation Rights cannot be granted to Participants resident in France and cannot be substituted to Options granted to a Participant resident in France. 5.

French Entity means Therakos (France) SAS, a French simplified joint-stock company (société par actions simplifiée) whose registered office is located at 1▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ – 75116 Paris, France and registered with the Trade and Companies Registry of Paris under number 750 632 697.

French Entity means nVent Thermal France SAS, a French simplified joint-stock company (société par actions simplifiée) whose registered office is located at Zone Industrielle 4 ▇▇▇ ▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ and registered with the Trade and Companies Registry of Strasbourg under number 612 046 474.