Examples of Leaver Shares in a sentence
For the avoidance of doubt, the Settlement Amount shall not include any outstanding Loan Amount in respect of Shares held under the Plan that are not Leaver Shares.
Consider the following: “In the giant corporation of today, managers rule from the top of skyscrapers; on a clear day, they can almost see the world” (Hymer, 1970p.
On the G Completion Date the Company shall pay the G Leaver the transfer price for the G Leaver Shares by electronic funds transfer to such UK bank account as is notified in advance in writing.
Failure to produce a share certificate shall not impede the registration of G Leaver Shares under this article 73.18.
If a transfer of F Leaver Shares is executed on behalf of an F Leaver under this article 72.14 then the Company shall hold the purchase money on trust for that F Leaver and in the event of a transfer to a nominee of the Company, the receipt of the Company for the purchase money shall be a good discharge for the Company’s nominee who shall not be bound to see to the application of the purchase money.
If a transfer of G Leaver Shares is executed on behalf of a G Leaver under this article 73.18 then the Company shall hold the purchase money on trust for that G Leaver and in the event of a transfer to a nominee of the Company, the receipt of the Company for the purchase money shall be a good discharge for the Company’s nominee who shall not be bound to see to the application of the purchase money.
Failure to produce a share certificate shall not impede the registration of F Leaver Shares under this article 72.14.
Grant of Put OptionThe Company irrevocably grants to the Borrower (and each Nominated Party of a Borrower) an option which, if exercised, will require the Company or its nominee to acquire, or arrange for the acquisition of, all of the interests of the Borrower (andeach Nominated Party of a Borrower) in the Leaver Shares on the terms set out in this paragraph 15 ( Put Option).
Leaver Shares means any Shares under the Plan that are deemed to be Leaver Shares by operation of rule 7 or paragraph 12.8 the Loan Terms.
The Put Exercise Notice must specify the date (which shall be a date not less than 5 Business Days from the date of the notice) on which the Participant's interest in the Leaver Shares will be transferred ( Date of Purchase).