Share Purchase Trust definition

Share Purchase Trust means the trust established pursuant to the trust agreement dated April 1, 2008 between the Company and Canadian Western Trust Company for purposes of acquiring and holding Shares in furtherance of settlement of RSUs and PSUs under the Company’s amended and restated restricted share unit plan, effective May 9, 2007, as amended.
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Share Purchase Trust means a trust established pursuant to Section 4.3 with an independent, unaffiliated bank or trust company as “Trustee”, to hold Shares for delivery from time to time to Participants upon exercise or settlement of Vested Share Units, that is established and maintained in accordance with the Applicable Law.
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Share Purchase Trust means a trust established pursuant to Section 7.1 hereof, to acquire and hold Shares for delivery from time to time to Eligible Employees upon settlement of Vested PSUs.
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Examples of Share Purchase Trust in a sentence

  • Comment (Pick n Pay Employee Share Purchase Trust court decision): The proposed amendments resolving the technical difficulties for plantation farmers seeking rollover relief are welcome.

  • See also Overseas Trust Corporation Ltd v Commissioner for Inland Revenue 1926 AD 444 at 452-3, and Commissioner for Inland Revenue v Pick ‘n Pay Employee Share Purchase Trust 1992 (4) SA 39 (A) at 46A-52B, where there is a comprehensive analysis of the cases dealing with the distinction.

  • Under the SUP, PSU and RSU obligations can be settled in cash, shares delivered from a Share Purchase Trust or a combination thereof, as determined by and at the discretion of the Human Resources and Compensation Committee of the Company’s Board of Directors.

  • Sagicor Group Jamaica Limited shares held by Group member companies or the Long-term Incentive Trust (LTI) and Staff Share Purchase Trust (SSPP) are carried as treasury stock on consolidation and reported in stockholders’ equity.

  • LOANSTiger Brands Limited Share Purchase Trust Retailer loansAdvance to The SPAR Group Limited EmployeeShare Trust (2004) 145.10.267.5 145.10.267.5 154.399.6 Less current portion145.1(31.1)67.7(16.7)299.4(185.4)167.3(116.3)Non-current loans114.051.0114.051.0 The advance to The SPAR Group Limited Employee Share Trust (2004) is unsecured, bears no interest and has no set repayment terms.

  • RSU and PSU obligations, under the Share Unit Plan, can be settled in cash, shares delivered from a Share Purchase Trust or a combination thereof, as determined by and at the discretion of the Human Resources and Compensation Committee of the Company’s Board of Directors.

  • Where an asset is acquired for reselling at a profit, it effectively constitutes the taxpayer’s stock-in-trade or ‘floating capital’ and the proceeds derived therefrom are of a revenue nature …” Of course, these various “tests” are no more than guidelines and, ultimately, one is called upon to make a decision which is not contrary to sound commercial and good sense – cf Commissioner for Inland Revenue v Pick ’n Pay Employee Share Purchase Trust (1992 4 SA 39 (A) 56H-I) (author’s emphasis).

  • The Contractor shall immediately notify Suncor in writing and the relevant insurer of any occurrence or incident arising from or connected to the Contractor's performance of the Work likely to give rise to a claim under the policies or insurance coverage referred to in this Article.

  • The analysis of shareholders is provided on page 7.Advances to the Namibian Harvest Executive Share Purchase Trust to acquire shares in the company are disclosed in note 7.

  • On January 22, 2013, TMAC issued 999,900 Common Shares to various executive officers, the sole director of the Company and the TMAC Share Purchase Trust at a nominal value.


More Definitions of Share Purchase Trust

Share Purchase Trust means the trust established pursuant to the trust agreement dated April 1, 2008 between the Company and Canadian Western Trust Company for purposes of acquiring and holding Shares in furtherance of settlement of RSUs and PSUs under the Company’s amended and restated restricted share unit plan, effective May 9, 2007, as amended. “Shareholders” means the registered or beneficial holders of the Shares, as the context requires. “Shares” means the common shares in the share capital of the Company. “Specified PSUs” means the performance share units of the Company issued under the Company RSU Plans (based for greater certainty on the number of units initially granted, prior to the application of the performance payout factor, as indicated in column “Outstanding” of the table set forth under the heading “PSUs under Company’s 2011 treasury based restricted share unit plan, effective as of May 17, 2011” in Section 3.1(6) of the Company Disclosure Letter (such table, the “Specified Table”)) (a) described as “TSR” Performance Type with a Payout of 200% in the Specified Table; (b) described as “EBIT” Performance Type with a Payout of 200% in the Specified Table; or (c) designated as such by both the Company and the Purchaser. “Trust Shares” has the meaning ascribed thereto in Section 2.3(5). “US Equivalent” means, in respect of Options which have an exercise price denominated in Canadian dollars, the amount of such exercise price expressed in U.S. dollars calculated on the basis of the daily exchange rate posted by the Bank of Canada for conversions of Canadian dollars to U.S. dollars on the date that is five (5) Business Day immediately preceding the Effective Date. “Tax Act” means the Income Tax Act (Canada). Section 1.2 Certain Rules of Interpretation In this Plan of Arrangement, unless otherwise specified: (1) Headings, etc. The division of this Plan of Arrangement into Articles and Sections and the insertion of headings are for convenient reference only and do not affect the construction or interpretation of this Plan of Arrangement. (2) Currency. All references to dollars, $ or to US$ are references to U.S. dollars. All references to Canadian dollars or to CAD are references to Canadian dollars. For greater certainty, the Consideration is expressed in U.S. dollars and is not subject to any currency conversion pursuant to the foregoing. (3) Gender and Number. Any reference to gender includes all genders. Words importing the singular number only include the plural ...
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Share Purchase Trust means a trust established pursuant to Section 3.5 with an independent, unaffiliated bank or trust company as "Trustee", to hold Shares for delivery from time to time to
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Share Purchase Trust means the trust established pursuant to the trust agreement dated April 1, 2008 between the Company and Canadian Western Trust Company for purposes of acquiring and holding Shares in furtherance of settlement of RSUs and PSUs under the Company RSU Plans;
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Share Purchase Trust means the trust established by the employee benefit plan trust agreement dated March 27, 2012 between the Company and Computershare for purposes of acquiring and holding Shares in furtherance of settlement of RSUs and PSUs under the Employee Share Unit Plan.
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Share Purchase Trust means a trust established pursuant to Section 7.1 hereof with a bank or trust company that is independent of and unaffiliated with the Corporation as Trustee, to acquire and hold Shares for delivery from time to time to Eligible Employees upon settlement of Vested PSUs.
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Related to Share Purchase Trust

  • Share Purchase Agreement has the meaning set forth in the Recitals.

  • Unit Purchase Agreement means the Common Unit and Class B Unit Purchase Agreement, dated as of December 1, 2006, among the Partnership and the purchasers named therein.

  • Share Purchase has the meaning set out in Section 2.1.

  • Power Purchase Agreement or "PPA"" shall mean this Power Purchase Agreement including its recitals and Schedules, amended or modified from time to time in accordance with the terms hereof.

  • Series B Purchase Agreement has the meaning set forth in the Recitals.

  • Common Stock Purchase Agreement means an agreement among the Investor and/or PJC, Emergent and any Convertible Note Holder who accepts and exchanges all of its Convertible Notes in the Convertible Note Exchange Offer and elects to participate, substantially in the form attached hereto as Exhibit A, pursuant to which Emergent will issue and sell (a) to the Investor and/or PJC, in the aggregate, 75,000,000 Shares at a price of $0.20 per share, and (b) to any Convertible Note Holder who accepts and exchanges all of its Convertible Notes in the Convertible Note Exchange Offer that so requests, for every $1,000.00 of principal amount of Convertible Notes that it tenders into the Convertible Note Exchange Offer, 500 Shares at a price of $0.20 per share; provided, that the aggregate maximum number of Shares to be so issued and sold to the Convertible Note Holders who accept and exchange all of their Convertible Notes in the Convertible Note Exchange Offer pursuant to the Common Stock Purchase Agreement shall not exceed 40,000,000.

  • Purchase Transaction means a purchase of scrap metal, or the purchase of property described in section 10 if the knowing purchase or offer to purchase that property is not prohibited by that section, by a scrap metal dealer. The term does not include any of the following:

  • Preferred Stock Purchase Agreement means the Preferred Stock Purchase Agreement, dated September 7, 2008, between the Company and the United States Department of the Treasury.

  • hire-purchase agreement means an agreement, other than a conditional sale agreement, under which—

  • Series A Purchase Agreement means the Series A Preferred Unit Purchase Agreement, dated as of June 20, 2017, by and among the Partnership and the Series A Purchasers thereunder, as may be amended from time to time.

  • Stock Purchase Agreements the meaning set forth in the recitals to this Agreement.

  • Receivables Purchase Agreement means the receivables purchase agreement, dated as of the Closing Date, between AHFC and the Seller, as amended or supplemented from time to time.

  • Private Placement Warrants Purchase Agreement shall have the meaning given in the Recitals hereto.

  • Purchase and Sale Agreement means that certain Purchase and Sale Agreement, dated as of the Closing Date, between the Transferor, as the seller, and the Borrower, as the purchaser, as amended, modified, supplemented, restated or replaced from time to time in accordance with the terms thereof.

  • Stock Purchase Agreement means the agreement between the Company and a Purchaser who acquires Shares under the Plan that contains the terms, conditions and restrictions pertaining to the acquisition of such Shares.

  • Forward Purchase Shares shall have the meaning given in the Recitals hereto.

  • Forward Purchase Agreement means an agreement that provides for the sale of equity securities in a private placement that will close substantially concurrently with the consummation of a Business Combination.

  • Original Purchase Agreement has the meaning set forth in the recitals to this Agreement.

  • Securities Purchase Agreement means that certain securities purchase agreement, dated as of the Subscription Date, by and among the Company and the initial holders of the Notes pursuant to which the Company issued the Notes, as may be amended from time to time.

  • repurchase transaction means a transaction governed by an agreement by which a counterparty transfers securities or guaranteed rights relating to title to securities where that guarantee is issued by a recognised exchange which holds the rights to the securities and the agreement does not allow a counterparty to transfer or pledge a particular security to more than one counterparty at a time, subject to a commitment to repurchase them, or substituted securities of the same description at a specified price on a future date specified, or to be specified, by the transferor, being a repurchase agreement for the counterparty selling the securities and a reverse repurchase agreement for the counterparty buying them;

  • Share Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Master Purchase Agreement means the master purchase agreement between the Holder and the Corporation dated as of January 30, 2023;

  • Equity Purchase Agreement means that certain Amended and Restated Purchase Agreement, dated as of March 17, 2008, among the Borrower and the several “Investors” named therein, including all exhibits and schedules thereto, as in effect on the Original Effective Date.

  • Purchase Shares has the meaning set forth in Section 2.2(a) hereof.

  • Purchase Agreements has the meaning set forth in the Recitals.

  • Note Purchase Agreements means (i) that certain Note Purchase Agreement, dated as of April 16, 2014 among the Parent, the Borrower, and the purchasers party thereto, (ii) that certain Note Purchase Agreement, dated as of December 18, 2014 among the Parent, the Borrower, and the purchasers party thereto, and (iii) that certain Note Purchase Agreement, dated as of June 13, 2018, among the Parent, the Borrower, and the purchasers party thereto, in each case as amended from time to time.