Shareholding Requirement definition

Shareholding Requirement means any requirement, guideline or policy determined by the Board from time to time pursuant to which a person must hold Shares either during their office or employment with a Group Member or following their ceasing to hold office or employment with a Group Member;

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Shareholding Requirement means a Non-Employee Director’s beneficial ownership (within the meaning of Rule 13d under the Exchange Act) of 7,500 Shares of Common Stock (including any vested or unvested Restricted Stock or Restricted Stock Units) subject to adjustment pursuant to Section 16.

Shareholding Requirement means the Preference Shareholders holding Preference Shares amounting to not less than 50% of the number of Preference Shares as at the date hereof (subject to the Adjustment in accordance with the Articles of Association of the Company);

Examples of Shareholding Requirement in a sentence

• The Purchasers’ rights under this Article IV shall be terminated immediately and permanently upon the Purchasers ceasing to satisfy the Minimum Shareholding Requirement and shall forthwith become null, void and unrestorable, regardless whether the Minimum Shareholding Requirement becomes satisfied thereafter.

• Unless otherwise agreed by the Board (excluding the consent of the Investor Director), the Purchasers shall procure the Investor Director and the Investor Officer to resign as soon as practicable upon the Purchasers ceasing to satisfy the Minimum Shareholding Requirement.

• I’m pleased to confirm that you currently satisfy the Personal Shareholding Requirement.

• In addition, once Executive is required to maintain the Minimum Shareholding Requirement, the portion of any sale or other disposition of his shares of Common Stock that would result in Executive falling below the Minimum Shareholding Requirement shall be null and void.

• Executive hereby acknowledges and agrees that he shall promptly execute any reasonable documentation required by the Company to establish that he is subject to the Shareholding Requirement.

• In addition, once Executive is required to maintain the Minimum Shareholding Requirement, the portion of any sale or other disposition of her shares of Common Stock that would result in Executive falling below the Minimum Shareholding Requirement shall be null and void.

• The Investors’ and VCOC Investor’s rights under Section 5.03(a), Section 5.03(b), Section 5.09, Section 5.13 and Section 5.15 shall terminate immediately and permanently upon the Investors ceasing to satisfy the Minimum Shareholding Requirement and shall forthwith become null and void.

• Executive hereby acknowledges and agrees that she shall promptly execute any reasonable documentation required by the Company to establish that she is subject to the Shareholding Requirement.

• I understand that it is a condition of my Award that I will comply with the shareholding requirements, including any post-employment shareholding requirements in the Unilever Personal Shareholding Requirement Policy.

• For so long as the Shareholding Requirement is satisfied, the quorum for any meeting of the Board shall be a majority of the Board and shall include at least the Majority Preference Directors and one (1) Director nominated by the Founders.

More Definitions of Shareholding Requirement

Shareholding Requirement means the Preference Shareholders holding Preference Shares amounting to not less than 50% of the number of Preference Shares issued and outstanding as at the date of the Subscription Agreement (subject to the Adjustment).

Shareholding Requirement means the ownership of 7,500 shares of Common Stock, subject to adjustment pursuant to Section 9(b) hereof.

Shareholding Requirement means any requirement, guideline or policy determined by the Committee from time to time pursuant to which an individual must hold Shares either during their employment with a Group Member or following their ceasing to hold employment with a Group Member;