Examples of Bermuda Companies Act in a sentence
If any person becomes bound or entitled to acquire shares in the Company pursuant to the provisions contained in Part VII of the Bermuda Companies Act 1981, any Subsisting Option may (notwithstanding any other provision of the Plan) be exercised in full (but only to the extent that the Option has not lapsed) at any time when that person remains so bound or entitled.
Any Common Shares owned by or held for the account of the Corporation or any subsidiary (as defined in the Bermuda Companies Act 1981) of the Corporation shall be deemed not to be outstanding for the purpose of any such computation.
From and after the Effective Time, the Merger shall have the effects set forth in this Agreement and Section 109(2) of the Bermuda Companies Act.
The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company’s Memorandum of Association or Bye-laws, by contract, as a matter of law, or otherwise including pursuant to the Bermuda Companies Act, or under any other power that the Company may have to indemnify or hold harmless each such person.
From and after the Effective Time, the Merger shall have the effects set forth in this Agreement, the Statutory Merger Agreement and Section 109(2) of the Bermuda Companies Act.