Examples of Restricted Personnel in a sentence
However, it is important that Restricted Personnel take care in the timing of any purchase or sale of such securities.
These guidelines set out the policy on the sale and purchase of securities in the Company by its Directors and Senior Executives (Restricted Personnel).
Restricted Personnel should never engage in short-term trading of the Company’s securities except for the exercise of options where the shares will be sold shortly thereafter.
Restricted Personnel include those individuals who report directly to the Chairman, any Director or any other employee considered appropriate to be covered by this policy by the Chairman, Board or Company Secretary from time to time.
Exceptional circumstances may apply to the disposal of Company securities by a Restricted Personnel if the person is required by a court order, a court enforceable undertaking for example in a bona fide family settlement, to transfer or sell securities of the Company, or there is some other overriding legal or regulatory requirement to do so.
Restricted Personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the Company, directly or indirectly, including any Director (whether executive or otherwise) of the Company.
Restricted Personnel must not enter into margin loan agreements or other secured lending arrangements in relation to Company Securities without first obtaining prior written clearance from the appropriate Approving Officer in accordance with the procedure set out in section 7.
Restricted Personnel may be in severe financial hardship if they have a pressing financial commitment that cannot be satisfied other than by selling the securities of the Company.
Restricted Personnel sales of securities Restricted Personnel need to be mindful of the market perception associated with any sale of Company securities and possibly the ability of the market to absorb the volume of shares being sold.
Subsequent to approval obtained in accordance with paragraphs 2.13 and 2.14, any Restricted Personnel who (or through his or her Associates) buys, sells, or exercises rights in relation to Company securities must notify the Company Secretary in writing of the details of the transaction within two (2) business days of the transaction occurring.