Relevant Plan definition
Examples of Relevant Plan in a sentence
Such percentage shall be based on the following schedule: Years of Service as of the End of the Relevant Plan YearContribution as a % of Compensation Less than 5 years 1.00%5 years to 9 years1.50%10 years to 14 years2.50%15 years to 19 years3.50%20 years and above4.50% Allocation conditions.
Further, approval under Listing Rule 7.1 is not required to issue the Relevant Plan Shares to Dr Johnston and Mr Schroor if the requisite Shareholder approvals are obtained under Listing Rule 10.14.
This means that the issue of the Relevant Plan Shares to Dr Johnston and Mr Schroor, if approved, will not reduce the Company’s capacity to issue Equity Securities without Shareholder approval in reliance on the 15% Placement Capacity in the 12 month period following their issue.
The Third Party Actuary (acting as an expert, not an arbitrator) will determine the amount of the funding deficiencies of the Relevant Plan or plans that remain in dispute, and such determination will be final and binding on all parties.
Shareholders are asked to consider, and if appropriate, approve the issue of the Relevant Plan Shares to Non-Executive Directors, Dr Christopher Johnston (Resolution 7) and Mr Christopher Schroor (Resolution 8), for the purposes of Listing Rule 10.14, Chapter 2E of the Corporations Act, and all other purposes.