Qualified Securities Sample Clauses
Qualified Securities. Considering RSUs are not eligible for the stock option deduction under paragraph 110(1)(d) of the Income Tax Act (Canada), written notice is hereby given that the shares of Stock to be issued upon settlement of the RSUs are non-qualified securities for the purposes of paragraph 110(1)(d) of the Income Tax Act (Canada). There are no country-specific provisions. The RSUs are intended to qualify for the favorable tax and social security regime in France under Section L. ▇▇▇-▇▇▇-▇ and seq. or L. 22-10-59 and L. 22-10-60 of the French Commercial Code, as amended. Certain events may affect the status of the RSUs as French-Qualified RSUs, and the French-Qualified RSUs may be disqualified in the future. The Company does not make any undertaking or representation to maintain the qualified status of the RSUs. If the RSUs no longer qualify as French-Qualified RSUs, the favorable tax and social security treatment will not apply, and the gain at vesting will be treated as a salary income for French social security and income tax purposes, subject to the provisions of Article L. 242-1 and L. 242-14 of the French social security code.
Qualified Securities. Considering PSUs are not eligible for the stock option deduction under paragraph 110(1)(d) of the Income Tax Act (Canada), written notice is hereby given that the shares of Stock to be issued upon settlement of the PSUs are non-qualified securities for the purposes of paragraph 110(1)(d) of the Income Tax Act (Canada). There are no country-specific provisions. The PSUs are not granted under the French specific regime provided by Section L-225-197-1 and seq. or L. 22-10-59 and L. 22-10-60 of the French Commercial Code. By accepting the French Award, the Grantee confirms having read and understood the documents relating to this grant (the Plan and the Agreement) which were provided in English language. The Grantee accepts the terms of those documents accordingly. The Grantee confirms that the Grantee has a good knowledge of the English language.
Qualified Securities. Considering PSUs are not eligible for the stock option deduction under paragraph 110(1)(d) of the Income Tax Act (Canada), written notice is hereby given that the shares of Stock to be issued upon settlement of the PSUs are non-qualified securities for the purposes of paragraph 110(1)(d) of the Income Tax Act (Canada).
Qualified Securities. On and after the Initial Borrowing Date and prior to December 31, 2001, the United States Borrower will issue Qualified Securities (including the Senior Notes) generating in the aggregate gross cash proceeds of at least $500,000,000. ARTICLE VI NEGATIVE COVENANTS Until the Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder have been paid in full and all Letters of Credit have expired or terminated and all LC Disbursements shall have been reimbursed, the United States Borrower (for itself and its Subsidiaries) covenants and agrees with the Lenders that:
Qualified Securities. All of the securities to be sold or issued under this Agreement are designated by the Company as non-qualified securities under subsection 110(1.4) of the Income Tax Act, R.S.C., 1985, c. 1 (5th Supp.).
Qualified Securities. Considering RSUs are not eligible for the stock option deduction under paragraph 110(1)(d) of the Income Tax Act (Canada), written notice is hereby given that the shares of Stock to be issued upon settlement of the RSUs are non-qualified securities for the purposes of paragraph 110(1)(d) of the Income Tax Act (Canada).
Qualified Securities. Qualified Securities" means unencumbered securities that have an aggregate value of no less than Stipulated Loss Value, that when pledged to secure Genentech's PA Obligations as provided in Paragraph 5 have a maturity of three years or less and that evidence obligations of the United States Government.