Orphan share definition

Orphan share means the percentage share of remedial action costs for a facility that is attributable, under the procedures in 75-10-742 through 75-10-751, to identified but bankrupt or defunct persons who are not an affiliate of any viable person, unless affiliated by stock ownership.

Orphan share means the percentage share of remedial action costs for a facility that is

Orphan share means those costs of removal or remedial action at sites with a release or threatened release of hazardous substances, which costs are in excess of amounts included in a cleanup agreement.

Examples of Orphan share in a sentence

• Orphan share compensation offers are subject to the adequacy of cleanup program funding, and eligibility requirements under the policies.

• Orphan share compensation is not available for either work or cost recovery at:1) Federal facilities (See footnote #2, page 2 of the work policy);2) “Owner/operator only” sites--sites where every PRP is liable as a current or former owner and/or operator, (i.e., “chain-of-title” sites where the only PRPs identified by the Region are owners or operators and there are no generators or transporters).

• Orphan share compensation is not available at sites where there are no orphan parties, Federal facilities, sites where every PRP is liable as a current or former owner and/or operator and the region has not identified any generator/transporter (i.e. Aowner-operator only@ sites), or sites where PRPs are performing work pursuant to a UAO, unless such parties are willing to convert the UAO to a CD.

• Orphan share compensation can be provided to PRPs who agree to perform the response action at an operable unit (OU) for a site.

• Orphan share compensation is not available at sites where there are no orphan parties, Federal facilities, sites where every PRP is liable as a current or former owner and/or operator and the region has not identified any generator/transporter (i.e. “owner-operator only” sites), or sites where PRPs are performing work pursuant to a UAO, unless such parties are willing to convert the UAO to a CD.

• Orphan share compensation is not available at sites where there are no orphan parties, federal facilities, sites where every P RP is liable as a current or former owner and/or operator and the region has not identified any generator/transporter (i.e. “owner-operator only” sites), or sites where PRPs are performing work pursuant to a UAO, unless such parties are willing to convert the UAO to a CD.

• The remaining 1,515,041 hVIVO option holders selected Choice 2 and exchanged to 3,742,147 Open Orphan share options.

• As a result of the acquisition of hVIVO Plc on 17 January 2020, hVIVO employees holding hVIVO LTIP options had the choice of either exercising their options and receiving Open Orphan shares immediately (Choice 1), or, exchanging them for equivalent Open Orphan share options with the same vesting date (Choice 2) .

• A share option charge in relation to these new Open Orphan share options and SIP shares of £176,000 (H1 2019: Nil) has been recorded in the income statement for the period.

More Definitions of Orphan share

Orphan share means that share of liability for the costs of response

Orphan share means that share of liability for the costs of response actions apportioned to responsible persons who are insolvent or cannot be identified or located. The department may adopt regulations to further define a process to determine when a responsible person cannot be identified or located.

Orphan share means the percentage of the total response costs at the Wells Waste Oil Disposal Site attributable to parties who are deemed bankrupt, dissolved, insolvent, or no longer in business or whose current identity or location can not be determined, as determined and certified by a person assuming liability for total response costs, for the purposes of determining the price at which it is willing to settle with those Responsible Parties who desire to settle and sign a consent decree relating to payment of the Responsible Parties’ share of the total response costs at the Wells Waste Oil Disposal Site.

Orphan share means the percentage share of remedial action costs for a facility that is attributable, under the procedures in 75-10-742 through 75-10-751, to identified but bankrupt or defunct persons who are not

Orphan share means the percentage share of response costs for a facility that the orphan share administration agrees or the allocation review panel determines is not reasonably allocable to any person that may be liable under section 12 using the criteria in subsection (10).

Orphan share means the share of liability for the costs of response action that is attributable to the activities of persons who are defunct or insolvent, as determined pursuant to Section 25390.5.