Contingent Capital Increase Sample Clauses

Contingent Capital Increase. The share capital has been contingently increased by up to EUR 25,000,000.00 by issuing up to 25,000,000 new no-par bearer shares entitled to dividends (“Contingent Capital 2013”). This contingent capital increase serves to grant shares issued in accordance with the foregoing authorization to the holders of Bonds. The new shares shall be issued at the respective conversion or option price to be determined in accordance with the foregoing authorization. This contingent capital increase shall be carried out only insofar as conversion rights or options under Bonds issued are exercised, or conversion or option obligations under such Bonds are fulfilled, and to the extent that the conversion rights or options, or the conversion or option obligations, are not satisfied by means of treasury shares, shares issued from authorized capital, or other benefits. The new shares shall participate in profits from the start of the fiscal year during which they are issued upon exercise of options and/or conversion rights or upon fulfillment of conversion or option obligations. Notwithstanding the foregoing, the Management Board may establish, if permitted in law, with the approval of the Supervisory Board, that the new shares shall participate in profits from the start of the fiscal year for which the Annual General Meeting has not yet adopted the profit appropriation resolution at the time the options and/or conversion rights are exercised or the conversion or option obligations are fulfilled. The Management Board is authorized to fix all other details of the contingent capital increase.
Sample 1
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Related to Contingent Capital Increase

  • Merit Increases (a) Subject to documented assessment and performance review undertaken pursuant to the Performance Management System, an employee on anniversary date may be granted an increase of up to five pay increments in the pay scale, not to exceed the control point maximum.

  • Step Increases (a) The following is the method used to determine service credit, since the last date of hire, for purposes of positioning on the salary range:

  • Annual Increases On each anniversary of Employee's termination from employment, any remaining amounts to be paid during the next year pursuant to this Paragraph 9 shall be increased to an amount equal to one hundred ten percent (110%) of the amounts required to be paid by Employer hereunder under the provisions of this Paragraph 9 during the preceding year.

  • Funding Increases Before the Funder can make an allocation of additional funds to the HSP, the parties will:

  • Step Increase Employees shall move to the next step of the salary schedule, only when agreed to specifically by parties in contract negotiations. If a step increase is provided, it shall be granted to those employees who receive an overall performance evaluation rating of “Effective” or higher. An employee who receives an overall performance evaluation of less than “Effective” shall not be eligible for the Board approved step increase; however, if the affected employee receives an overall performance evaluation of “Effective” or higher for the succeeding year he/she shall be granted the withheld step but not on a retroactive basis.

  • FUNDING INCREASE 1. The Commonwealth shall notify the Grantee in writing of any funding increases under this Agreement.

  • Wage Increase 1. The minimum hourly wage amounts in the salary table in column I (job grades 1 up to and includ- ing 3) concern the statutory minimum wage and are adjusted in the event of an increase in the statutory minimum wage.

  • Pricing Increase Requests Subsequent to the first twelve (12) months of the Contract term and in accordance with the schedule for price adjustments established by OGS, Contractor may request an increase in the pricing contained in the Centralized Contract by submitting an update request based on change in pricing level as contained in Appendix C, Contract Modification Procedure to the OGS Contract Administrator. With any price increase request, in addition to the requirements contained in Appendix C, the Contractor must certify in writing that the price change for the Services is the same as its pricing in its GSA Supply Schedule, and that Contractor documents the request to the satisfaction of the State.

  • ANNUAL INCREMENT (1) Staff shall be entitled to an annual increment which shall be negotiated with the Union annually.

  • Wage Increases The wage rates in this Agreement will only be increased in accordance with any increases which may be awarded by the Australian Fair Pay Commission through wage reviews. The level of any increases will be such that the percentage wage increase as set out in Clause 15 of this agreement will be maintained. No additional increases in wage rates will apply to the rate of pay in Clause 15 of this Agreement while it is in operation.

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