Minimum Trust Period definition

Minimum Trust Period means the minimum period of time required under a Taxation Route for Awards and/or Exercised Shares to be held in Trust in order for the Beneficial Grantee to enjoy to the fullest extent the tax benefits afforded under such Taxation Route, as prescribed at any time by Section 102 of the Tax Ordinance.
Sample 1Sample 2Sample 3
Minimum Trust Period means the minimum period of time required under a
Sample 1

Examples of Minimum Trust Period in a sentence

  • The baffle location is at h/R=2.04, and the ratio of baffle width to tank radius, w/R, is 0.204.

  • Notwithstanding Section 6(d)(i) of the Plan, each 102 Trustee Grant (including any Shares issued pursuant to the Awards or any right granted by virtue of the Awards and/or the Shares issued pursuant thereof) shall be held in trust by the Trustee for the benefit of the Eligible 102 Participant for at least the Required Minimum Trust Period.

  • Notwithstanding the above, if any such sale or release occurs during the Minimum Trust Period, the implications under Section 102 shall apply to, and shall be borne by, Participant.

  • In the event that a stock dividend is declared and/or additional rights, including bonus shares and/or dividend equivalents, are granted with respect to Awards and/or with respect to Shares, such dividend and/or additional rights shall also be deposited with the Trustee until the end of the Required Minimum Trust Period and the provisions of the ITO will apply to them.

  • After the lapse of the Required Minimum Trust Period, the Trustee may release the Awards and/or the Shares subject to the Awards, provided that (i) the Trustee has received an acknowledgment from the ITA that the Eligible 102 Participant has paid any applicable tax due pursuant to the ITO and Section 102, or (ii) the Trustee and/or the Company or Employer withholds any applicable tax due pursuant to the ITO and Section 102.

  • Unless otherwise determined by the Company, the Eligible 102 Participant will not be entitled to Realize the Awards or the Shares before the Required Minimum Trust Period ends; however, if the Awards and/or Shares are Realized prior to the lapse of the Required Minimum Trust Period, the Eligible 102 Participant will be required to pay all applicable taxes that may arise in connection with such sale and/or transfer.

  • Collins (Editors), ALERT Geomaterials, ISBN 978-2-9542517-6-9, INPG-3SR Grenoble.

  • Upon grant of a Trustee 102 Award, the Employee will sign an undertaking declaring that he/she is familiar with the provisions of Section 102 and the chosen tax route and that he/she undertakes not to sell or transfer the Trustee 102 Awards or Rights prior to the lapse of the Minimum Trust Period, unless he/she pays all taxes, which may arise in connection with such sale and/or transfer.

  • Optionee shall not be entitled to sell the Option Shares or to execute a Transfer, prior to the lapse of the Minimum Trust Period.

  • Participant hereby undertakes not to sell or transfer the Performance Unit Shares prior to the lapse of the Minimum Trust Period (as defined in the Agreement), unless Participant pays all taxes, which may arise in connection with such sale and/or transfer.

Related to Minimum Trust Period

  • Trust Period means the period ending on the earlier of:

  • Funding Period means the period beginning on the Closing Date and ending on the first to occur of (a) the Distribution Date on which the amount on deposit in the Pre-Funding Account (after giving effect to any transfers therefrom in connection with the transfer of Subsequent Contracts to the Trust on such Distribution Date) is less than $150,000, (b) the date on which an Event of Termination occurs, (c) the date on which an Insolvency Event occurs with respect to the Trust Depositor and (d) the close of business on the date which is 90 days from and including the Closing Date.

  • Pre-Funding Period means the period beginning on the Closing Date and ending on the earliest of (a) the date on which the amount on deposit in the Pre-Funding Account is less than $10,000, (b) the Funding Termination Date or (c) the date on which an Event of Termination occurs.

  • Initial Enrollment Period means one of the following periods during which you may first enroll for coverage under this plan:

  • Trustee Float Period With respect to the Distribution Date and the related amounts in the Distribution Account, the period commencing on the Business Day immediately preceding such Distribution Date and ending on such Distribution Date.

  • PEA Period means the period commencing at 9:30 a.m., Eastern time, on the fifth (5th) Business Day immediately prior to the filing of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement), and ending at 9:30 a.m., Eastern time, on the Business Day immediately following, the effective date of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement).

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Waiting Period shall have the meaning set forth in Section 2.2.

  • Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.

  • Run-out Period means a period after the close of a Plan Year or other period during which Participants in a flexible spending arrangement (FSA) may request reimbursement for expenses incurred during the Period of Coverage.

  • Eligibility Waiting Period means the continuous length of time you must be in Active Employment in an eligible class to reach your Eligibility Date.

  • Special Enrollment Period means a period of time allowed under this Plan, other than the eligible person’s Initial Enrollment Period or an Open Enrollment Period, during which an eligible person can request coverage under this Plan as a result of certain events that create special enrollment rights.

  • First Period The period of the Contract Term specified in Section 3.1.

  • Opt-Out Period means the period that begins the day after the earliest date on which the Notice is first distributed, and that ends no later than 30 days before the Final Approval Hearing. The deadline for the Opt-Out Period shall be specified in the Notice.

  • Original Pre-Funded Amount The amount deposited by the Depositor in the Pre-Funding Account on the Closing Date, which amount is $36,215,225.

  • Quarterly Distribution Date means the last Business Day of the month following the end of each calendar quarter after the Effective Date; provided, however, that if the Effective Date is within 45 days of the end of a calendar quarter, the first Quarterly Distribution Date will be the last Business Day of the month following the end of the first calendar quarter after the calendar quarter in which the Effective Date falls.

  • Application Period means the months beginning with the month in which the application is considered to be filed, through and including the month in which an eligibility determination is made.

  • Annual Enrollment Period or "Enrollment Period" means the period before each policy anniversary so designated by the Sponsor and Lincoln during which you may enroll for coverage under this policy.

  • Nomination Period means, in respect of a Nomination, the period from the Nomination Start Time to the Nomination End Time;

  • Average monthly discharge limitation means the highest allowable average of “daily discharges” over a calendar month, calculated as the sum of all “daily discharges” measured during a calendar month divided by the number of “daily discharges” measured during that month.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on September 20, 2018 and ending on and including December 19, 2018, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Subsequent Reset Period means the period from (and including) the Second Reset Date to (but excluding) the next Subsequent Reset Date, and each successive period from (and including) a Subsequent Reset Date to (but excluding) the next succeeding Subsequent Reset Date; and

  • Monthly Distribution Date means the "Distribution Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions" in the Prospectus Part I for a Trust.

  • Investment Period means, and shall be equal to, the Standard Investment Period.

  • Computation Period means each period of four consecutive Fiscal Quarters ending on the last day of a Fiscal Quarter.

  • Funding Year means in the case of the first Funding Year, the period commencing on the Effective Date and ending on the following March 31, and in the case of Funding Years subsequent to the first Funding Year, the period commencing on the date that is April 1 following the end of the previous Funding Year and ending on the following March 31;