Section 16 Officers definition
Examples of Section 16 Officers in a sentence
Section 16 Officers (as defined in Section VIII, below) are also required to report to the Legal Department in Chicago via email the details of any transaction requiring Section 16 filings immediately upon the completion of the transaction.
Section 16 Officers are also required to verify the information in all Section 16 filings with the Legal Department and confirm that the Section 16 filing was made within the required regulatory timeframe.
Office: By and on behalf of the Board of Directors 115, Ansal Bhawan, For Ansal Properties & Infrastructure Ltd.
Notwithstanding the foregoing, the Committee may not delegate its authority with respect to Section 16 Officers.
To the extent any provision of the Plan or action by the Plan administrators involving such Section 16 Officers is deemed not to comply with an applicable condition of Rule 16b-3, it shall be deemed null and void as to such Section 16 Officers, to the extent permitted by law and deemed advisable by the Plan administrators.