Disposal of Shares. 33.4.1 SANParks will, notwithstanding the provisions of Clause 33, approve any sale of shares or other beneficial interest in the Private Party and permit that the Shareholders or beneficiaries sell any such shares or beneficial interest where such change does not bring about a Change in Control and provided that:
Disposal of Shares. The Lender shall not have the right to dispose of all or part of its interest in the Shares, except in accordance with the provisions of Article 8 of this Agreement upon the occurrence of an Event of Default.
Disposal of Shares. If Employee shall dispose of any of the shares of Stock acquired upon exercise of the Option within two (2) years from the date the Option was granted or within one (1) year after the date of exercise of the Option, then, in order to provide the Company with the opportunity to claim the benefit of any income tax deduction, Employee shall promptly notify the Company of the dates of acquisition and disposition of such shares, the number of shares so disposed of, and the consideration, if any, received for such shares.
Disposal of Shares. Founder Preferred Shares or Warrants by a Covenantor to any of its Affiliates or direct or indirect holders of equity so long as such holders of equity are Affiliates of either a Founder or a Founder Director;
Disposal of Shares the Shareholder Disposes, or purports to Dispose, of any JV Shares in breach of either Constitution or this agreement;
Disposal of Shares. Founder Preferred Shares or Warrants by a Coventantor for estate planning purposes to persons immediately related to the Coventantor by blood, marriage or adoption;
Disposal of Shares. 8.1 under the start-up’s articles of association, any disposal of shares in the start-up requires the start-up’s consent following a shareholders’ resolution taken with the simple majority of the votes cast.
Disposal of Shares. 13.1 Following the Closing, no Shareholder may transfer, pledge, encumber or otherwise dispose of any Shares or any right, title or interest therein or thereto (including the granting of sub-participations or so-called silent participations) (each such transaction, a “Transfer”) to any other person except for Transfers made by either Shareholder
Disposal of Shares. If the stock increases in value between the date on which you exercise your Option and the date on which you sell the underlying stock, you may be liable to Capital Gains Tax (“CGT”) on that increase. Therefore, where shares are sold on the day an option is exercised, a gain is unlikely to arise as the “base cost” of the shares for CGT purposes should be equal to the market value of the stock sold. CGT is chargeable at your marginal rate of tax, ie if you are a 40% taxpayer, chargeable gains will be subject to CGT at 40%. If you are a basic rate taxpayer, depending on your other income and gains in the tax year, any capital gain on a sale of your shares could be subject to tax at the basic rate or partly at the basic rate and partly at 40%. There is no NIC charge in respect of gains which are subject to CGT. Each individual is entitled to a CGT annual exemption (£7,700 for the tax year 2002/2003). Therefore the first £7,700 of gains realised by any individual in the tax year 2002/2003 will be exempt from CGT. For future years the exempt amount may well change. Any gains in excess of the exempt amount for any particular year will give rise to CGT charges, although CGT taper relief may be available to reduce the effective rate of tax on disposal of the stock depending on the period for which you hold the shares and your personal circumstances. By your signature and the signature of the Company’s representative below, you and the Company agree that this Option is granted under and governed by the terms and conditions of the Plan and this Option Agreement. Optionee has reviewed in their entirety the prospectus that summarizes the terms of the Plan and this Option Agreement, has had an opportunity to request a copy of the Plan in accordance with the procedure described in the prospectus, has had an opportunity to obtain the advice of counsel prior to executing this Option Agreement and fully understands all provisions of the Plan and Option Agreement. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions relating to the Plan and Option Agreement. OPTIONEE: JABIL CIRCUIT, INC. By: Signature TXXXXXX X. MAIN Title: PRESIDENT EXHIBIT A 2002 STOCK INCENTIVE PLAN EXERCISE NOTICE Employee’s Name Jabil Circuit, Inc. 10560 Dx. Xxxxxx Lxxxxx Xxxx Xx. Street North St. Petersburg, FL 33716-3718 Attention:
Disposal of Shares. UNLESS ALREADY BELOW TEN PERCENT (10%), the Executive will prepare a plan to dispose of such number of shares of the capital stock of the Company owned by the Executive as is necessary to reduce the Executive's ownership of all of the capital stock of the Company to less than ten percent (10%) of all outstanding shares of the capital stock of the Company, on a fully diluted basis, during the 24 month period ending on June 30, 1998. For purposes of this Separation Agreement, the term "fully diluted basis" means all outstanding shares together with all shares issuable upon the conversion of all securities convertible (at that time) into the voting securities of the Company and the exercise of all vested and currently exercisable (at that time) outstanding warrants, options or other rights to purchase shares of voting securities of the Company.
