Examples of PB Plan in a sentence
Except as the Association shall otherwise agree, the Recipient shall carry out the Project in accordance with the criteria, policies, procedures and arrangements set out in the Project Implementation Manual, the FOSAP Grant Procedures Manual, the FOSAP Administrative Manual, the Monitoring and Evaluation Plan, the PB Plan and the PB Manual, and shall not amend, abrogate, or waive, or permit to be amended, abrogated, or waived, the aforementioned, or any provision thereof.
Novelis or the relevant other members of Novelis Group shall be the successor employers in respect of the Employees and Former Employees in respect of any Alcan P.B. Plan that is a public or government sponsored plan as of the Effective Time.
In the event of any inconsistency between this Agreement, on the one hand, and Project Implementation Manual, the FOSAP Grant Procedures Manual, the Monitoring and Evaluation Plan, the PB Plan or the PB Manual, on the other hand, the provisions of this Agreement shall prevail.
Any eligible employee who has duly accepted the PB Plan Offer will become a participant of the PB Plan (a “PB Plan Participant”).
The grant and vesting of any Shares or RSUs which may be granted pursuant to the PB Plan will be in compliance with Rule 10.08 of the Listing Rules.
The employees will be enrolled in the PB Plan excluding Retiree Health Plan Benefits.
The terms of the PB Plan are not subject to the provisions of Chapter 17 of the Listing Rules as the PB Plan does not involve the grant of options by the Company to subscribe for new Shares.
The making of a PB Plan Offer shall be subject to the same time restrictions set out above under “2.
Within a reasonable period after the vesting date, the Company will deliver (or procure the Trustee to deliver) the relevant number of Shares to the PB Plan Participant in accordance with and subject to the terms and conditions of the PB Plan, the PB Plan Offer Letter and the PB Plan Acceptance Form.
Within a reasonable period after the expiry of the lock-up period of the Purchased Shares, the Company will deliver (or procure the Trustee to deliver) all of the Purchased Shares to the PB Plan Participant, subject to the terms and conditions of the PB Plan, the PB Plan Offer Letter and PB Plan Acceptance Form.