Examples of WHB Board in a sentence
The directors of the Offeror and the new directors to be appointed to the WHB Board jointly and severally undertook to the Stock Exchange to take appropriate steps to ensure that sufficient public float exists in the WHB Shares.
The WHB Board has undertaken to OCBC and the Offeror that it will not exercise its discretion under the Employee Incentive Plan to determine that any Awards granted under the Employee Incentive Plan should continue to vest in accordance with the terms of the Employee Incentive Plan even after the Offers are declared or have become unconditional as to acceptances.
Your attention is also drawn to the letter from the WHB Board on pages 23 to 28, the letter from the Independent Board Committee on pages 29 to 30 and the letter from the Independent Financial Adviser on pages 31 to 53 of this Composite Document.
Unless prohibited by law or the Listing Rules, (a) within 28 days upon vesting, each participant shall deliver the payment (the “Payment”) of the aggregate acquisition price relating to the number of WHB Shares in respect of which the Award has vested; and (b) the WHB Board shall issue the requisite number of WHB Shares pursuant to the vesting of the Award to the participant within 28 days following the receipt of the Payment.
Under the terms of the Employee Incentive Plan, if any person obtains control of WHB as a result of making an offer to acquire WHB Shares, an Award shall vest on the date of the relevant event, unless the WHB Board determines in its absolute discretion that an Award shall vest in accordance with the terms of the Employee Incentive Plan.
Pursuant to the Employee Incentive Plan adopted by WHB on 22 April 2004 and renewed on 30 April 2009, if any person obtains control of WHB as a result of making an offer to acquire WHB Shares, an Award shall vest on the date of the relevant event, unless the WHB Board determines in its absolute discretion that an Award shall vest as originally in stages between the sixth and the tenth anniversary of the date of grant in accordance with the Employee Incentive Plan.
The WHB Board has undertaken to OCBC and the Offeror that it will not exercise its discretion under the Employee Incentive Plan to determine that any outstanding Awards should continue to vest as originally in accordance with the Employee Incentive Plan even after the Offers are declared or have become unconditional as to acceptances.
When complete it will be an overall upgrade to an under- invested portion of the 1400 Block of Vine Street.
Accordingly, as the WHB Board has undertaken to OCBC and the Offeror that it will not exercise its discretion under the Employee Incentive Plan to determine that any Awards granted under the Employee Incentive Plan should continue to vest in accordance with the terms of the Employee Incentive Plan even after the Offers are declared or have become unconditional as to acceptances, all the outstanding Awards will automatically vest on the Offer Unconditional Date.
In that event, on or around 1 July 2014, the WHB Board will declare the 2014 Interim Dividend up to an amount of HK$0.46 per WHB Share (which is the same amount as the interim dividend in 2012 and 2013).