Examples of Unqualified Persons in a sentence
JAPEX may, upon the coming of the date otherwise prescribed by the Board of Directors, acquire all the Share Options held by persons other than the Unqualified Persons, which are not exercised by the day before the date prescribed by the Board of Directors, and in exchange of such unexercised Share Options, may delivery the number of JAPEX shares equivalent to the Target Share Number per one Share Option.
The exercise conditions for the Share Options to be exercised by the Unqualified Persons and the details of relevant procedures shall be otherwise prescribed by the Company’s Board of Directors.
Ibid.‘Geotechnical Engineers’), Mechanical Engineers, Structural Engineers and Environmental Engineers and those who just have a lot of ‘on the job training’ must upscale their qualifications to the prescribed level of competency or find a line of work other than in Atmosphere and Environment engineering.
Unqualified Persons are prohibited from working on or entering electrical equipment, cabinets or panels while energized.
Procedure for the acquisition of the Share Options by JAPEX In case the Board of Directors makes a decision to acquire the Share Options, JAPEX may, according to the statutory procedures, upon the coming of the date otherwise determined by the Board of Directors, acquire the Share Options from the shareholders other than the Unqualified Persons and deliver JAPEX shares in exchange of the Share Options.
In case JAPEX takes procedures for such acquisition, the shareholders other than the Unqualified Persons shall, in principle, receive JAPEX shares without the exercise of the Share Options and the payment of money equivalent to the exercising value of the Share Options, and thus the dilution of share held will not, in principle, occur.
Nevertheless, JAPEX may deliver JAPEX shares in exchange for the Share Options acquired from the shareholders other than the Unqualified Persons, according to the description in the following (iii).
In addition, they can be issued by ETAA-TMEDE or be provided by depositing a trust of an equal amount or bonds of equal value to the Trusts and Loans Fund.
Signs warning Unqualified Persons to keep out of electrical distribution rooms, vaults and spaces shall be displayed at entrances.
Details on the content of the Share Options (includes matters concerning the handling of the Share Options held by the Unqualified Persons) other than prescribed above shall be otherwise stipulated in the Resolution for the Allotment of Share Options without Contribution.