Examples of THL Group in a sentence
THL has adopted a share incentive scheme, namely the THL Share Appreciation Rights Plan (“THL SAR Plan”), in which selected key senior employees of the THL Group are eligible to participate with the goal to incentivise, motivate and retain these high calibre employees and recognise their contributions to the THL Group.
The largest potential growth driver for the hotel business is a recovery of economic growth in the economies in which the THL Group operates.
In addition, the THL Group seeks to access new hotel opportunities through a variety of management contracts, new builds (on its own or via joint ventures), primarily within the markets that the THL Group already operates.
If requested by the underwriters for any underwritten offering pursuant to a registration requested under Section 1.1, 1.2 or 2, the Company shall enter into an underwriting agreement with the underwriters for such offering, such agreement to be reasonably satisfactory in substance and form to the underwriters and to the THL Parties (unless the THL Group is not participating in such registration, in which case, the holders of a majority of the Registrable Securities to be distributed by such underwriter).
The THL Group has operations in South Africa, Zimbabwe, Mozambique and Botswana.
The Company shall not grant any other demand or incidental registration rights to any other Person without the prior written consent of the THL Parties, so long as the THL Group continues to own at least 10% of the number of shares of Company Stock that the THL Group owns on the date hereof.
If the Company grants any other demand registration rights to any other person, RLB shall have the same participation rights in such registration as the members of the THL Group.
The THL Group will seek to ensure that there is sufficient cash available and cash is generated by the business in order to fund its continued growth aspirations without resorting to excessive leveraging and ensure that THL maintains its strategic flexibility.
If the THL Group, as part of a plan of distribution pursuant to an offer and sale of Registrable Securities under Section 1.1 hereof, effects a registered block sale with one or more market professionals, RLB shall have the right to participate in such a sale on a pro rata basis with the THL Group (such percentage to be computed based on the number of Registrable Securities owned by each such Stockholder).
Replacement awards are provided for as a result of the election provided to employees of the THL Group on Unbundling to exchange their rights held under the Tsogo Sun Long Term Incentive Scheme for replacement awards under the THL SAR Plan.