Management Share definition

Management Share means the aggregate amount of compensation payable to Eligible Management Members in connection with the Sale Bonus. The Management Share shall be determined pursuant to the following grid: ------------------------------------------------------------ Aggregate Consideration Paid Management Share Percent ---------------------------- ------------------------ ------------------------------------------------------------ Below $240,000,000 0.00% ------------------------------------------------------------ $240,000,000 0.50% ------------------------------------------------------------ $260,000,000 0.60% ------------------------------------------------------------ $280,000,000 0.70% ------------------------------------------------------------ $300,000,000 0.90% ------------------------------------------------------------ $310,000,000 1.00% ------------------------------------------------------------ $320,000,000 1.10% ------------------------------------------------------------ $330,000,000 1.30% ------------------------------------------------------------ $340,000,000 1.50% ------------------------------------------------------------ $350,000,000 1.75% ------------------------------------------------------------ $360,000,000 or more 2.00% ------------------------------------------------------------ The Management Share shall be calculated from the first dollar of Aggregate Consideration paid. The percentage utilized to determine the Management Share shall be multiplied by the full amount of Aggregate Consideration paid. Moreover, in the event the Aggregate Consideration paid falls between two of the ranges in the above grid, the percentage to be utilized to determine the Management Share shall be interpolated on a straight line basis between the two ranges. Thus, for example, assuming the Aggregate Consideration paid is $335,000,000, the Management Share would be 1.40% times $335,000,000 or $4,690,000.

Management Share. The equity interest in the Profits and Losses of the Fund and in distributions granted to Ridgewood as compensation for organizing and sponsoring the Fund and acting as its Manager.

Management Share means a management share in the capital of the ICAV as described in Clause 5 of this Instrument.

Examples of Management Share in a sentence

• The Articles of Association and the Management Share Ownership Plan govern all other matters related to the employee shares.

• Options issued under the company’s Management Share Option Plan (“MSOP”) vest proportionately over five years and expire ten years after the grant date.

• Participants in the Management Share Option Plan can exercise their options to purchase Non-Voting Class B Common Shares at the exercise price or settle the options in cash at the option of the holder as options vest.

• The Constitution provide that each of the Management and participating Shares entitles the holder to attend and vote at any general meeting PROVIDED THAT the holder of a Management Share shall not be entitled to exercise any voting rights in respect of any Management Share at any time that participating Shares are held by more than one Shareholder.

• On December 8, 2016, the Board of Directors approved a Management Share Loan Program (“MSLP”) under which the Company offered one-time, secured loans to certain management personnel employed by the Company (each a “Borrower”) up to a maximum of fifty percent of each Borrower’s base annual salaryfor the sole purpose of their purchase of the Company’s issued and outstanding common shares at prevailing market prices through the facilities of the TSX Venture Exchange.

More Definitions of Management Share

Management Share means a management share in the capital of the ICAV as described in clause 5 of this Instrument, which includes, for the avoidance of doubt, each subscriber share issued for the purposes of the formation and registration of the ICAV.

Management Share means a management share of no par value in the capital of the Company and designated as such;

Management Share means a voting, non-participating management share in the share capital ofthe Company having a nominal value of US$1.00 and having the rights provided for in the Articles.

Management Share means a non-participating share in the capital of the Company;

Management Share means a non-participating share issued in accordance with these Articles.

Management Share. Any one of the Management Shares.

Management Share means a non-participating share issued in accordance with this Instrument of Incorporation.