Examples of Share Trust Agreement in a sentence
That meant that the Council of Unions would have to get creative and find a way to restructure the 2009 Share Trust Agreement and negotiate a new repurposing agreement with Air Canada that would unlock the value of the 2009 Share Trust Agreement for the benefit of as many of our members as possible.
There became a realization amongst the Council of Unions that the 2009 Share Trust Agreement would almost certainly not be needed to provide solvency protection for our pension plans going forward.
The second concept that was proposed by Air Canada in their March 24, 25, 2021 presentations to the unions concerned the repurposing and usage of the 2009 Share Trust Agreement to make certain benefits available to select active employees and to all current pensioners who were receiving monthly pension benefits from the Defined Benefit pension plan.
Based on this, this paper attempts to quantitatively investigate the influence of bilateral diplomatic relations on studying in China from multiple aspects, such as the positioning of bilateral diplomatic relations, the history of diplomatic relations, bilateral high-level visits and friendly cities.
This means that if the IAMAW sold any of its’ shares under the current 2009 Share Trust Agreement, a pro-rata portion of the proceeds realized through the share sale would have to go to each and every other Air Canada Defined Benefit pension plan and not just the IAMAW plan.
To ensure that each Union could benefit from all of their own allocated shares, an alternate arrangement had to be agreed to by all parties in order to unlock the value of the 2009 Share Trust Agreement.
The November 2021 Share Trust Repurposing Agreement will serve to amend the 2009 Share Trust Agreement.
Under the terms of the 2009 Share Trust Agreement, any shares that are sold from within the Share Trust must be split between all of the eligible Air Canada pension plans and deposited into every pension plan based upon the pro-rata solvency funding ratio of each pension plan as at the date of the sale.
On the Closing Date, Wilmington Trust Company shall enter into the Issuer Trust Agreement, the Share Trust Agreement and each other Transaction Document to which it is a party, in its respective capacities as the Issuer Trustee, securities intermediary under the Issuer Trust Agreement or the Share Trustee, as the case may be, and that has not previously been entered into by it.
Maiden Insurance will not post additional collateral in connection with the Subject Business unless required by Applicable Law and the Existing Quota Share Agreements and Existing Quota Share Trust Agreement, and will not amend or permit amendment of any underlying agreements, including the Existing Quota Share Agreements, Existing Quota Share Trust Agreement and Existing Underlying Trust Agreements.