Partnership Share Money definition

Partnership Share Money means money deducted from a Qualifying Employee’s Salary pursuant to a Partnership Share Agreement and held by the Trustees to acquire Partnership Shares or to be returned to such a person;

Partnership Share Money money deducted from a Qualifying Employee's Salary pursuant to a Partnership Share Agreement and held by the Trustees to acquire Partnership Shares or to be returned to such a person

Partnership Share Money means amounts contributed by an Eligible Employee under the terms of a Partnership Share Agreement;

Examples of Partnership Share Money in a sentence

• Any Partnership Share Money then held on behalf of an employee shall be paid over to that employee as soon as practicable.

• The Trustees shall pass on any interest arising on this invested money to the individual from whose Salary the Partnership Share Money has been deducted at least once in each calendar year.

• The amount of Partnership Share Money deducted from an employee’s Salary over an Accumulation Period shall not exceed 10% of the total of the payments of Salary made to such employee over that Accumulation Period or if there is no Accumulation Period, 10% of the Salary payment from which the deduction is made.

• The Trustees will transfer the relevant Partnership Share Money and/or Partnership Shares to the Participant as soon as practicable after receipt of the direction and in any event within 30 days thereof.

• The Trustees shall acquire Shares on behalf of the Qualifying Employee using the Partnership Share Money.

More Definitions of Partnership Share Money

Partnership Share Money means amounts deducted from an Eligible Employee’s Salary under the terms of a Partnership Share Agreement;

Partnership Share Money means money deducted from a Participant’s Salary under a Partnership Share Agreement;

Partnership Share Money if the Directors determine that an Accumulation Period will apply the aggregate amount of all deductions, otherwise the deduction made from a Participant's Salary in accordance with the Partnership Share Agreement before it is used to acquire Partnership Shares on his behalf;

Partnership Share Money money deducted from a Qualifying Employee's Salary pursuant to a Partnership Share Agreement and held by the Trustees to acquire Partnership Shares or to be returned to such a person "the Plan" The Gap, Inc. UK Employee Stock Purchase Plan

Partnership Share Money means money deducted from a Participant's Salary in accordance with a Partnership Share Agreement, to be held in accordance with these Terms and Conditions and used for the acquisition of Partnership Shares;

Partnership Share Money means money deducted from an Eligible Employee’s Salary Payment which may be used by the Trustees to acquire Partnership Shares;

Partnership Share Money means amounts contributed by a Qualifying Employee pursuant to a Partnership Share Agreement;