Appreciation Sample Clauses

Appreciation. On behalf of the Board of Directors of Atrium REIT Managers Sdn Bhd, I would like to thank my fellow Board members for their advice and contributions throughout the year, our tenants and business associates, the regulatory authorities, investors and Unitholders, for their strong support. I would also like to thank the management team for the concerted effort and hardwork in 2011 and I look forward to another fruitful year ahead in the Year of the Dragon with the continued support of my fellow Board members and our valued stakeholders. DATO’ DR IR XXXXXXX KHIR BIN HARUN Chairman Atrium REIT Managers Sdn Bhd Date : 15 February 2012 Property Atrium Xxxx Xxxx 0 Xxxxxxx Xxx 0-0, Xxxxxxxxx Xxxxx Perak, Seksyen 22, 40300 Xxxx Xxxx, Xxxxxxxx Xxxxx Xxxxx, Xxxxxxxx. Title details GRN 177482 (formerly known as H.S.(D) No. 80053) for Lot No. 38264 (formerly known as P.T. 14366), Pekan Baru Hicom (formerly known as Mukim of Damansara), District of Petaling, State of Selangor Darul Ehsan. Property type Industrial Description A single storey warehouse and a four storey office building with a total Net Lettable Area measuring approximately 311,736 sq.ft. Year of completion 2005 Tenure Freehold Existing use Warehouse and office Parking spaces 191 car bays, 105 motorcycle bays, 30 xxxxx xxxx Date of acquisition 2 April 2007 Cost of acquisition RM 57,200,000 Tenant DHL Properties (Malaysia) Sdn Bhd Occupancy 100% Tenancy Period 3 years, expiring on 31 December 2013 Major capital expenditure Nil Encumbrances The property is charged to a financial institution to secure a Short Term Revolving Credit facility of RM 45,000,000 Limitation in title/ interest None Latest valuation RM 64,600,000 Date of last valuation 31 December 2011 Valuer First Pacific Valuers Property Consultants Sdn Bhd Atrium Shah Alam 1 Property Atrium Shah Alam 2 Address Xxx 0X, Xxxxxxxxx Xxxxx Xxxxx, Xxxxxxx 00, 00000 Xxxx Xxxx, Xxxxxxxx Xxxxx Xxxxx, Xxxxxxxx. Title details Lot No. P.T. 90 held under H.S.(D) No. 188265, Pekan Baru Hicom (formerly Mukim of Damansara), District of Petaling, State of Selangor Darul Ehsan. Property type Industrial Description A single storey warehouse and a double storey office building with a total Net Lettable Area measuring approximately 258,702 sq.ft. Year of completion 2004 Tenure Freehold Existing use Warehouse and office Parking spaces 125 car bays, 129 motorcycle bays, 20 xxxxx xxxx Date of acquisition 2 April 2007 Cost of acquisition RM 49,100,000 Tenant CEVA Logistics ...
Appreciation. Following the completion of the reverse takeover, Dato’ Zamani Bin Kasim became Chief Executive Officer and Executive Director, Mr. San Xxxx Xxxx was named Independent Director, and Xx. Xxx Xxx Aik was re-designated as Independent Director. Dato’ Xxxx Sin Just, Dr. Lo Wing Yan, Xx. Xxxxxxx, J.P. and Xx. Xxx Kin, Lionel have since stepped down from the Board. I thank them for their contributions. On behalf of the Board, I would like to express my sincere gratitude to the management team and staff for their hard work. I am also grateful to all shareholders for your support. MR. NEO GIM KIONG Non-Executive Chairman 4 October 2016 Astaka Holdings Limited 13 14 Astaka Holdings Limited C E O ’ S S T A T E M E N T “ DEAR SHAREHOLDERS, “ I AM PLEASED TO DELIVER MY VERY FIRST MESSAGE TO SHAREHOLDERS AS CHIEF EXECUTIVE OFFICER OF ASTAKA HOLDINGS LIMITED (“ASTAKA”). Astaka Holdings Limited 15 C E O ’ S S T A T E M E N T We have been extremely busy in the financial year ended 30 June 2016 (“FY2016”) and the months following. The most significant highlight for FY2016 was the listing of Astaka on the Catalist board of the Singapore Exchange following the completion of the reverse takeover of E2-Capital Holdings Limited on 19 November 2015. The listing, which enabled us to raise net proceeds of approximately S$36.7 million through the issuance of shares, serves as a platform for Astaka to enhance its profile as a property developer in the Iskandar region in Johor, Malaysia.
Appreciation. These general objectives shall be pursued in a manner consistent with the investment policies specified in the remainder of this Section 5.1. The Trustees intend to hold the Permitted Investments for up to eighteen years after the date of this Second Amended and Restated Declaration of Trust and, after the eighteenth year, the Trustees will dispose of any remaining investments of the Trust in an orderly fashion within a period of two years in order to achieve a complete liquidation of the Trust within twenty years after the date of this Second Amended and Restated Declaration of Trust. The Trust's existence and the maximum holding period for its investments may be extended beyond the 20-year period only if (i) at any time after the 18th year after the date of this Second Amended and Restated Declaration of Trust, a majority of the Trustees, including a majority of the Unaffiliated Trustees, affirmatively determines that such extension would be in the best interests of the Shareholders, taking into consideration the then prevailing conditions in the relevant real estate markets, and recommends to the Shareholders a single specified extension of the aforesaid 20-year period and (ii) the holders of a majority of the Shares then outstanding and entitled to vote thereon approve such extension. To the extent that the Trust Estate has assets not otherwise invested in accordance with this Section 5.1, it shall be the policy of the Trustees to invest such assets in (i) government Securities, (ii) Securities of government agencies, (iii) bankers' acceptances, (iv) certificates of deposit, (v) interest-bearing deposits in commercial banks, (vi) participations in pools of mortgages or bonds and notes (such as Federal Home Loan Mortgage Corporation participation sale certificates, Government National Mortgage Association modified pass-through certificates and Federal National Mortgage Association bonds and notes); (vii) bank repurchase agreements covering the Securities of the United States or agencies or instrumentalities thereof and (viii) other similarly secured short-term investment Securities. Subject to the investment restrictions in Section 5.2, the Trustees may alter any or all of the above-described investment policies if they should determine such change to be in the best interest of the Trust. Subject to the preceding terms, the Trustees shall endeavor to invest the Trust's assets in accordance with the investment policies set forth in this Article V, but th...
Appreciation. On behalf of the Board, I would like to take this opportunity to express my sincere gratitude to all the Unitholders for their trust and support, especially at times when external environment is less certain. I would also like to thank the Manager’s team and the professional parties for their hard work and dedication. Xxxxxxxxx Xxxxxxxxx Chairman and Non-executive Director Spring Asset Management Limited (as manager of Spring REIT) 23 August 2016 6 Spring Real Estate Investment Trust Interim Report 2016 Management Discussion and Analysis Overview of Spring REIT’s Properties The portfolio includes all office floors of Office Tower One and Office Tower Two (total GFA of 120,245 sqm) of China Central Place and approximately 600 car parking spaces (total GFA of 25,127 sqm). China Central Place is a prime mixed-use complex in Beijing CBD with well-recognized brand hotels and shopping centers. Office Tower One and Office Tower Two are two of the eleven Premium Grade office buildings in Beijing CBD.1 Appraised value of RMB9,005.00 million2 (equivalent to US$1,354.54 million) Average Occupancy rate of 96%3 2 As at 30 June 2016 3 Average Occupancy for the six months ended 30 June 2016 0xx Xxxx Xxxx 0xx Xxxx Xxxx 4th Ring Road Forbidden City Central Business District WTC CCTV Tiananmen Square China Central Place Xxxxx’an Avenue Subway Line 1 Subway Line 14 Location Accessibility Direct access to Beijing Subway Line 1 through the shopping mall Directly to Beijing Subway Line 14 access (Opened in December 2015) About 20 km away from the Beijing Capital International Airport Interim Report 2016 Spring Real Estate Investment Trust 7 Management Discussion and Analysis (continued)
Appreciation. Subject to the right of Lender to waive the ------------ requirements set forth in this Section 2.02(b), upon the occurrence of any of (a) a Transfer of the Course, including a transfer to Lender, or (b) the Maturity of the Loan, Borrower shall pay to Lender, in addition to, and not in lieu of, the payments of the interest and principal payable by Borrower hereunder and all other sums payable by Borrower to Lender in connection with the Loan, the Appreciation Participation (as defined in the Note).
Appreciation. During the Put Option Period and for a period of one (1) year thereafter (the "Appreciation Period"), if (a) any present or future shareholder of Anker (other than JJF Group and its successors, permitted assigns and transferees), sells more than one hundred (100) shares of common stock of Anker or any interest in said shares in a bona fide arm's length transaction, or (b) if Anker reorganizes, sells or issues common stock or any interest therein (whether by warrant, option or otherwise), sells substantially all of its assets (in one transaction or a series of transactions), merges or consolidates with any other entity or entities, or liquidates (each of the events referred to in Section 7(a) and (b) being referred to as a "Fundamental Transaction"), Anker shall immediately notify JJF Group thereof. If the price per share received by Anker or any or all of its shareholders (other than JJF Group and its successors, permitted assigns and transferees), or the equivalent value per share received in an asset transfer, merger, consolidation or liquidation, arising out of Fundamental Transaction (the "Sales Price") is greater than the Put Option Price, then (i) Anker shall, within 15 days of the closing of the Fundamental Transaction, pay JJF Group an amount equal to the difference between the Sales Price and the Put Option Price for each JJF Share put to Anker by JJF Group under this Agreement prior to the date of the closing of the Fundamental Transaction and (ii) the Put Option Price with respect to all Put Options arising after the date of the closing of the Fundamental Transaction shall equal the Sales Price. In the event (i) a Fundamental Transaction is closed within the one year period following the expiration of the Appreciation Period and (ii) substantial and material negotiations regarding said Fundamental Transaction had commenced prior to the expiration of the Appreciation Period and were continuous and on-going up to the closing of said Fundamental Transaction, then the provisions of this Section 7 shall apply to said Fundamental Transaction as if it were closed on or before the expiration of the Appreciation Period.
Appreciation. Your Directors express their sincere thanks to all customers, charterers, vendors, investors, shareholders, shipping agents, bankers, insurance companies, protection and indemnity clubs, consultants and advisors for their continued support throughout the year. Your Directors also sincerely acknowledge the significant contributions made by all the employees through their dedicated services to the Company. Your Directors look forward to their continued support. For and on behalf of the Board of Directors Mumbai, May 30, 2020

Related to Appreciation

  • Stock Appreciation Rights The Grantee or other person entitled to exercise this Option is further hereby granted the right ("Stock Appreciation Right") in lieu of exercising this Option or any portion thereof to receive an amount equal to the lesser of (a) the excess of the Fair Market Value of the stock subject to this Option or such portion thereof over the aggregate exercise price for such shares hereunder as of the date the Stock Appreciation Right is exercised, or (b) 200% of the aggregate exercise price for such shares hereunder. The amount payable upon exercise of such Stock Appreciation Right may be settled by payment in cash or in shares of the class then subject to this Option valued on the basis of their Fair Market Value on the date Stock Appreciation Right is exercised, or in a combination of cash and such shares so valued. No Stock Appreciation Right may be exercised, in whole or in part, (i) other than in connection with the contemporaneous surrender without exercise of this Option or the portion thereof that corresponds to the portion of the Stock Appreciation Right being exercised, or (ii) except to the extent that this Option or such portion thereof is exercisable on the date of exercise of the Stock Appreciation Right by the Person exercising the Stock Appreciation Right, or (iii) unless the class of stock then subject to this Option is then Publicly Traded.

  • Stock Option The Company shall recommend to the Company’s Board of Directors (the “Board”) that Executive be granted a stock option, which will be, to the extent possible under the $100,000 rule of Section 422(d) of the Internal Revenue Code of 1986, as amended (the “Code”), an “incentive stock option” (as defined in Section 422 of the Code), to purchase 250,000 shares of the Company’s Common Stock at an exercise price equal to the price per share of the Company’s Common Stock as listed on the Nasdaq National Market on the date of grant as determined by the Board (the “Option”). Subject to the accelerated vesting provisions set forth herein, the Option will vest as to 25% of the shares subject to the Option one year after the date of grant, and as to 1/48th of the shares subject to the Option monthly thereafter, so that the Option will be fully vested and exercisable four (4) years from the date of grant, subject to Executive’s continued service to the Company on the relevant vesting dates. The Option will be subject to the terms, definitions and provisions of the Company’s 1999 Stock Option Plan (the “Option Plan”) and the stock option agreement by and between Executive and the Company (the “Option Agreement”), both of which documents are incorporated herein by reference.

  • Incentive For each calendar year of the Corporation during the term of employment of the Employee under this Employment Agreement, the Employee shall be entitled to participate in a Management Incentive Program pursuant to the terms of which the Employee may receive compensation in addition to his base salary in an amount equal to a specified percentage of his base salary if the Corporation attains its consolidated financial goals during such calendar year of the Corporation. The Management Incentive Program, including the consolidated financial goals established by the Corporation for the calendar year and the formula to be used to determine the payment of amounts under the Management Incentive Program, will be communicated to the Employee in writing prior to the beginning of each calendar year of the Corporation. The first calendar year of the Corporation for purposes of the Management Incentive Program will commence on January 1, 1996 and end on December 31, 1996. If the term of employment of the Employee under this Employment Agreement shall include a portion of a calendar year of the Corporation commencing after January 1, 1996, the Corporation shall not pay the Employee, and the Employee shall not be entitled to receive, any amount under the Management Incentive Program. If there shall be any disagreement between the Corporation and the Employee as to the calculation of the Management Incentive Bonus in any calendar year of the Corporation during the term of employment of the Employee under this Employment Agreement, the decision of the independent Public Accounting firm of the Corporation as to the amount of the Management Incentive Bonus of the Corporation shall be conclusive and binding on the Corporation and the Employee. The Employee shall have no right to inspect any of the books, papers or records of the Corporation, except that the Employee shall be entitled to inspect any certificate of such independent public accounting firm as to the calculation of the Management Incentive Bonus of the Corporation in any calendar year of the Corporation during the term of employment of the Employee under this Employment Agreement. Incentive payments shall be payable to the Employee on or before March 31 after the end of each calendar year of the Corporation during the term of employment of the Employee under this Employment Agreement.

  • Performance Award Subject to the terms of this Agreement and the Plan, the Company hereby grants the Participant an Award of Performance Shares in accordance with the following performance measures and performance goals:

  • Option Rights Except as provided below, the Option shall be valid for a term commencing on the Grant Date and ending 10 years after the Grant Date (the "EXPIRATION DATE").

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Stock-Based Awards The vesting of any stock-based compensation awards which constitute Section 409A Deferred Compensation and are held by the Executive, if the Executive is a Specified Employee, shall be accelerated in accordance with this Agreement to the extent applicable; provided, however, that the payment in settlement of any such awards shall occur on the Delayed Payment Date. Any stock based compensation which vests and becomes payable upon a Change in Control in accordance with Section 8(e)(i) shall not be subject to this Section 22(d).

  • Stock Option Award Within the 60-day period following the Start Date, Executive will receive an award of stock options to purchase Common Stock (the “Options”). The terms and conditions of the Options will be governed by Parent’s 2010 Equity Incentive Plan and the Stock Option Agreement in substantially the form attached hereto as Exhibit A. The number of shares covered by such Options shall equal 50,000. The Options shall have a per share exercise price equal to the fair market value per share of such Option on the date of grant, as determined by the Board.

  • Stock Option Grants Subject to this Section 3.4, on the Effective Date the Company will grant to the Executive a nonqualified stock option (the “Option”) to purchase 250,000 shares of the Company’s common stock, no par value (the “Common Stock”). The exercise price per share of the Option will be equal to the fair market value of a share of the Common Stock on the Effective Date. The Board (or Compensation Committee thereof) will determine such fair market value in its reasonable, good faith discretion (it being intended that, if the Common Stock is then not publicly traded other than on the over-the-counter market, such fair market value shall be based on the last sales price for a share of Common Stock as quoted on the Pink Sheets unless such methodology does not, in the Board’s reasonable, good faith discretion, produce an accurate fair market value in the circumstances). The Option will vest in substantially equal annual installments (equal installments except that the installments will be rounded to produce vesting installments of whole share increments) over the three-year period following the Effective Date. Except as otherwise provided herein or in the Option Agreement referenced below, in each case, the vesting of each installment of the Option is subject to the Executive’s continued employment by the Company through the respective vesting date. The maximum term of the Option will be ten (10) years from the date of grant of the Option, subject to earlier termination upon the termination of the Executive’s employment with the Company, a change in control of the Company and similar events. The Option shall be subject to such further terms and conditions as set forth in a written stock option agreement to be entered into by the Company and the Executive to evidence the Option (the “Option Agreement”). The Option Agreement shall be in substantially the form attached hereto as Exhibit C. Executive shall also be eligible to participate in and receive additional grants commensurate with his position and level in any stock option plan and restricted stock plan or other equity-based or equity related compensation plan, programs or agreements of the Company made available generally to its senior executives; provided that the amount, timing, and other terms of any future grant shall be determined by the Board (or the Compensation Committee thereof) in its sole discretion.

  • Stock Options With respect to the stock options (the “Stock Options”) granted pursuant to the stock-based compensation plans of the Company and its subsidiaries (the “Company Stock Plans”), (i) each Stock Option intended to qualify as an “incentive stock option” under Section 422 of the Code so qualifies, (ii) each grant of a Stock Option was duly authorized no later than the date on which the grant of such Stock Option was by its terms to be effective (the “Grant Date”) by all necessary corporate action, including, as applicable, approval by the board of directors of the Company (or a duly constituted and authorized committee thereof) and any required stockholder approval by the necessary number of votes or written consents, and the award agreement governing such grant (if any) was duly executed and delivered by each party thereto, (iii) each such grant was made in accordance with the terms of the Company Stock Plans, the Exchange Act and all other applicable laws and regulatory rules or requirements, including the rules of the New York Stock Exchange and any other exchange on which Company securities are traded, and (iv) each such grant was properly accounted for in accordance with GAAP in the financial statements (including the related notes) of the Company and disclosed in the Company’s filings with the Commission in accordance with the Exchange Act and all other applicable laws. The Company has not knowingly granted, and there is no and has been no policy or practice of the Company of granting, Stock Options prior to, or otherwise coordinating the grant of Stock Options with, the release or other public announcement of material information regarding the Company or its subsidiaries or their results of operations or prospects.