Proportional value definition
Proportional value means the ratio of a manufacturer’s California applicable sales volume to the manufacturer’s Section 177 state applicable sales volume. In any given model year, the same applicable sale volume calculation method must be used to calculate proportional value.
Proportional value means the portion of their Settlement Entitlement (in the case of SAB
Proportional value means the portion of their Settlement Entitlement (in the case of SAB Zenzele Retailer Shareholders, less their SAB Zenzele Scheme Entitlements) which each category of Qualifying Investor elects to reinvest pursuant to the Reinvestment Offer, divided by 40 (on the basis that this number represents the issue price of R40 for each SAB Zenzele Kabili Ordinary Share). In this respect, please see the column “Reinvestment election” in the worked example set out in Annexure 1 to this Prospectus; “Prospectus” means this entire document and all the annexures to it; “Qualifying Investors” means, collectively:(i) the SAB Zenzele Retailer Shareholders; and(ii) the beneficiaries of The SAB Zenzele Employee Trust,and “Qualifying Investor” shall mean any one of them as the context may require; “Rand” or “R” means South African rand, the official currency of South Africa; “Registered Office of SAB Zenzele Kabili” means the registered office of SAB Zenzele Kabili, being: 65 Park Lane, Sandown, Sandton, 2196; “Reinvestment Offer” means an invitation to Qualifying Investors to cede all or a portion of their Settlement Entitlement (which, in the case of SAB Zenzele Retailer Shareholders, will be their entitlement remaining after having taken into account the portion of their Settlement Entitlement ceded to SAB Zenzele Kabili pursuant to the SAB Zenzele Scheme, if approved and implemented) in exchange for SAB Zenzele Kabili Ordinary Shares of Proportional Value; “Reinvestment Offer Cap” has the meaning ascribed to the term in paragraph 9.1.2.2 of the section titled: “Overview of Participation Process” on page 12 of this Prospectus; “Reinvestment Offer Period” means the period between the opening of the Reinvestment Offer and its closing, presently scheduled to be from 09:00 on Wednesday, 19 February 2020 to 16:00 on Tuesday, 7 April 2020; “Retailer Exchange Transaction” means the transaction contemplated on maturity of the Existing Empowerment Transaction, pursuant to which the SAB Zenzele Retailer Shareholders would transfer their SAB Zenzele Shares to AB InBev (or its nominee), and in exchange AB InBev would allot and issue AB InBev Shares to such SAB Zenzele Retailer Shareholders, in such number as determined in accordance with the formula set out in the Amended and Restated Exchange Agreement; “SAB” means The South African Breweries Proprietary Limited, a private company incorporated in accordance with the laws of South Africa under registration number: 1998/006375/07; “SA...
Examples of Proportional value in a sentence
Subsequently the parties developed a Pay Equity Maintenance Plan utilizing a weighted points system and fifty-nine (59) point bands as follows: 2 32 29.75 33.6 19.5 19.5 29.25 39 29.25 33.6 19.5 3 50 45.5 55.2 33 33 49.5 66 49.5 55.2 33 4 68 61.25 76.8 46.5 46.5 69.75 93 69.75 76.8 46.5 5 86 77 98.4 60 60 90 120 90 98.4 60 6 104 92.75 120 120 7 122 108.5 8 140 124.25 9 140 Proportional value, using all male dominated jobs within the bargaining unit, was applied to achieve Pay Equity maintenance.
More Definitions of Proportional value
Proportional value means the ratio of a manufacturer's California applicable sales volume to the manufacturer's Section 177 state applicable sales volume. In any given model year, the same applicable sales volume calculation method must be used to calculate proportional value.