Examples of LIPO Canada in a sentence
None of the parties shall knowingly, except as contemplated by this Agreement, or required by applicable law, take any action which would jeopardize the exchange of the LIPO Canada Shares for Exchangeable Shares pursuant to the Arrangement by holders of the LIPO Canada Shares resident in Canada for the purposes of the ITA from being treated on a tax deferred basis under the ITA for holders who are otherwise eligible for such treatment.
Full-time Employees shall be paid eight (8) hours pay per Holiday.
None of Lululemon, Exchangeco, Callco or LIPO Canada shall be liable to any person in respect of any Lululemon Common Shares or Exchangeable Shares (or dividends, distributions and interest in respect thereof) delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.
This Plan of Arrangement will become effective at, and be binding at and after, the Effective Time on (i) LIPO Canada and LIPO USA, (ii) Lululemon, Callco and Exchangeco, (iii) all holders of LIPO Canada Shares and LIPO USA Shares, (iv) all holders and all beneficial holders of Exchangeable Shares, and (v) all holders of LIPO Canada Options and LIPO USA Options.
Any certificate which immediately prior to the Effective Time represented outstanding LIPO Canada Shares that were exchanged pursuant to Section 2.3 and not deposited, with all other instruments required by Section 4.1 or 4.2, on or prior to the third anniversary of the Effective Date shall cease to represent a claim or interest of any kind or nature as a shareholder of Exchangeco or Lululemon.
In the event of a transfer of ownership of LIPO Canada Shares that are or are deemed to be Lululemon Elected Shares which is not registered in the transfer records of LIPO Canada, a certificate representing the proper number of Lululemon Common Shares may be issued to the transferee if the certificate representing such LIPO Canada Shares is presented to Lululemon, accompanied by all documents required to evidence and effect such transfer to the transferee.
Thereafter, subject to the election forms complying with the provisions of the ITA (or applicable provincial income tax law), the forms will be signed by Exchangeco and returned to such former holders of LIPO Canada Shares within 30 days after the receipt thereof by Exchangeco for filing with the Canada Revenue Agency (or the applicable provincial taxing authority).
Exchangeco shall not be responsible or liable in any manner whatsoever for the proper completion and timely filing of any such forms with the appropriate tax authority, but will cooperate reasonably with the LIPO Canada Shareholders in completing and filing such forms in a timely manner, including providing such information within Lululemon’s possession as is reasonably required by the LIPO Canada Shareholders to complete such forms.
The LIPO Canada Shareholders will be solely responsible for the preparation of the foregoing election forms, and for the filing of such forms with the appropriate tax authority.
In the event of a transfer of ownership of LIPO Canada Shares that are or are deemed to be Exchangeable Elected Shares which is not registered in the transfer records of LIPO Canada, a certificate representing the proper number of Exchangeable Shares may be issued to the transferee if the certificate representing such LIPO Canada Shares is presented to Exchangeco, accompanied by all documents required to evidence and effect such transfer to the transferee.