Investment Arrangements. An individual internal trust account will be established for each prepaid leave agreement. The trust account is allocated interest based on the bank rate earned on the University’s operating account. On an annual basis, the University will provide the employee with a statement outlining the monies standing to their credit, inclusive of interest earned. Deferral Period (Benefits Structuring) During the deferral period, any benefits related to the rate of wages shall be structured according to the wages the participant would have received during the deferral period had they not been in the Plan.
Investment Arrangements. An individual internal trust account will be established for each prepaid leave agreement. The trust account is allocated interest based on the bank rate earned on the University’s operating account. On an annual basis, the University will provide the employee with a statement outlining the monies standing to his/her credit, inclusive of interest earned. Deferral Period (Benefits Structuring) During the deferral period, any benefits related to the rate of wages shall be structured according to the wages the participant would have received during the deferral period had he/she not been in the Plan. Employee Benefit Coverage and Premiums A participant's coverage for Life Insurance Semi-Private coverage, L.T.D., Green Shield Drug, Dental and Vision coverage, in effect immediately prior to the leave, will be maintained by the University during his/her leave of absence, if eligibility conditions permit. Leave Period (Benefits Structuring) During the leave period, any benefits related to the rate of wages shall be structured according to the rate of wages the participant would have received immediately prior to the leave had he/she not been in the Plan. No employee will receive any additional remuneration from the University during the leave period. Pension Contributions will be maintained by both parties at nominal salary for pension purposes. This provision is subject to the necessary amendments being made to the Pension Plan and being approved by Canada Revenue Agency and the Financial Services Commission of Ontario.
Investment Arrangements. Pursuant to the Concession Contract, MGM Grand Paradise undertakes to implement the investment projects in accordance with the Tender, including investment in gaming and non- gaming projects. The investment committed by MGM Grand Paradise is MOP16.7 billion (equivalent to approximately HK$16.2 billion), of which MOP15 billion (equivalent to approximately HK$14.6 billion) is in non-gaming projects. In case the market-wide gross gaming revenue reaches MOP180 billion (equivalent to approximately HK$175 billion) in any one year, MGM Grand Paradise is required to increase, in the following years, the investment in non-gaming projects in an amount corresponding to 20% of the base non-gaming investment. Where the triggering event of the additional investment mechanism occurs on or after the sixth year of the Concession Contract, the additional investment amount shall be reduced proportionally as follows: Year of occurrence of the Triggering event of the additional investment Proportion of the investment amount 5th year or before 20% of the base investment amount 6th year 16% of the base investment amount 7th year 12% of the base investment amount 8th year 8% of the base investment amount 9th year 4% of the base investment amount 10th year 0% of the base investment amount Bank guarantee for fulfillment of the obligations under the Concession Contract The Concessionaire is also required to provide, effective from January 1, 2023 until 180 days after the expiration of the Concession Contract, a bank guarantee in an amount of MOP1 billion (equivalent to approximately HK$0.97 billion) to the Macau Government and at the date of this announcement, MGM Grand Paradise has complied with this obligation. This guarantee supports MGM Grand Paradise’s legal and contractual obligations under the Concession Contract, including the payment of premiums, fines and indemnities for any failure to perform the Concession Contract and the fulfilment of MGM Grand Paradise’s labor liabilities. Notifications and Authorizations During the term of the Concession Contract, MGM Grand Paradise is subject to the obligation of giving advance notice to the Chief Executive regarding major financial decisions in relation to (i) internal capital redeployment exceeding 50% of MGM Grand Paradise’s share capital, (ii) salaries, remuneration and welfare expenses exceeding 10% of MGM Grand Paradise’s share capital, and (iii) other financial actions exceeding 10% of MGM Grand Paradise’s share capital. MGM ...
Investment Arrangements. 1. The registered capital of SAGA increased from RMB1,000 million to RMB1,342.28 million, and CSP Investment Group subscribed for the registered capital of SAGA with RMB102,576,096 to increase its capital by RMB68.88 million, of which RMB68.88 million was included in the registered capital and RMB33,696,096 was included in the capital reserve. Meanwhile, CSP Investment Group accepted RMB65.42 million of China Southern Airlines in SAGA’s Original Registered Capital (accounting for 6.542% of SAGA’ equity before the Capital Increase) at a price of RMB97,423,464. CSP Investment Group paid the above Capital Increase and the Equity Transfer price in cash. Xxxxxxxxx Xx. 0 subscribed for the registered capital of SAGA with RMB144,660,888 to increase its capital by RMB97.14 million, of which RMB97.14 million was included in the registered capital and RMB47,520,888 was included in the capital reserve. And Xxxxxxxxx Xx. 0 accepted RMB92.28 million of China Southern Airlines in SAGA’ Original Registered Capital (accounting for 9.228% of SAGA’ equity before the Capital Increase) at a price of RMB137,423,376. Xxxxxxxxx Xx. 0 paid the above Capital Increase and Equity Transfer price in cash. Southern Airlines Capital subscribed for the registered capital of SAGA with RMB102,576,096 to increase its capital by RMB68.88 million, of which RMB68.88 million was included in the registered capital and RMB33,696,096 was included in the capital reserve. And Southern Airlines Capital accepted RMB65.42 million of China Southern Airlines in SAGA’ Original Registered Capital (accounting for 6.542% of SAGA’ equity before the Capital Increase) at a price of RMB97,423,464. Southern Airlines Capital paid the above Capital Increase and Equity Transfer price in cash. ZGA subscribed for the registered capital of SAGA with RMB159,910,296 to increase its capital by RMB107.38 million, of which RMB107.38 million was included in the registered capital and RMB52,530,296 was included in the capital reserve. ZGA paid the above Capital Increase in cash.
Investment Arrangements. 6 2.1. Securities Purchase Agreement . . . . . . . . . . . . . . . . . . . 6 2.2. Stage II Investment . . . . . . . . . . . . . . . . . . . . . . . . 6 2.3.
Investment Arrangements. The Government will give such reasonable assistance as is needed to enable St. Xxx Bauxite or its shareholders to obtain from any agency or department of any government other than the Government any investment or similar guarantees that may be sought by or for the benefit of St. Xxx Bauxite with respect to this Agreement. The foregoing shall not be construed as affecting the authority of the Partnership’s executive committee or the Partners in respect of activities by the Partnership.
Investment Arrangements
