Scheme Options definition
Examples of Scheme Options in a sentence
Pursuant to the provisions of the Scheme, Options (“Transfer Options”) may be granted by the Company to acquire Shares which can only be satisfied by a transfer of existing Shares and not by an issue of new Shares.
Subject to this Option Scheme becoming Effective, in consideration of the cancellation of the Scheme Options, and subject to the other terms and conditions of this Option Scheme, on the Implementation Date each Option Scheme Participant (other than Ineligible Foreign Optionholders) will be issued the Option Scheme Consideration in respect of the Scheme Options held by them on the Record Date in accordance with clause 6 of this Option Scheme.
G The effect of the Option Schemes will be that the Scheme Options, together with all rights and entitlements attaching to them, will be cancelled in exchange for the Option Scheme Consideration.
HUB24 must pay all stamp duties (if any) and any fines and penalties with respect to stamp duty in respect of this agreement or the Share Scheme or the Option Scheme or the steps to be taken under this agreement or the Share Scheme or the Option Scheme (including without limitation the acquisition or transfer of Scheme Shares under the Share Scheme and the cancellation of Scheme Options under the Option Scheme).
On or before 9.00am on the Implementation Date, Jupiters must give to TABCORP details of the names, Registered Addresses and holdings of Scheme Options of every Scheme Optionholder as shown in the Jupiters Option Register at the Record Date, such details to be provided in such form as TABCORP may reasonably require.
As from the time at which the Option Scheme Consideration is deposited into the account nominated by Talison pursuant to clause 18.1, all option certificates for the Scheme Options will cease to have effect as documents of title, and each entry on the Talison Option Register at that time and date (other than entries in respect of BidCo and its successors in title)will cease to have any effect other than as evidence of entitlement to the Option Scheme Consideration.
Pursuant to the provisions of the Scheme, Options (“Transfer Options”) may be granted by the Company to acquire ordinary shares in the Company (“Shares”) which can only be satisfied by a transfer of existing Shares and not by an issue of new Shares.
Red Light must pay all stamp duties (if any) and any fines and penalties with respect to stamp duty in respect of this deed, the Scheme or the Option Scheme or the steps to be taken under this deed, the Scheme or the Option Scheme (including without limitation the acquisition or transfer of Scheme Shares under the Scheme and the cancellation of Scheme Options under the Option Scheme).
If this Option Scheme becomes Effective, a Scheme Optionholder, and any person claiming through that Scheme Optionholder, must not dispose of or purport or agree to dispose of any Scheme Options or any interest in them after the Record Date.
In the case of Scheme Options held in joint names, any cheque required to be paid to Scheme Optionholders will be payable to the joint holders and will be forwarded to the holder whose name appears first in the Talison Option Register as at the Record Date.