Regular Blockholders Clause Samples
The 'Regular Blockholders' clause defines the rights and obligations of shareholders who consistently hold a significant portion of a company's shares. Typically, this clause outlines thresholds for share ownership that qualify an investor as a blockholder and may specify reporting requirements, voting rights, or restrictions on share transfers for these individuals or entities. By clearly identifying and regulating blockholders, the clause ensures transparency in ownership structure and helps prevent undue influence or market manipulation by large shareholders.
Regular Blockholders. Cabin Personnel who choose the RBP agree to reduce their flying hours by approximately 40% as per this Memorandum;
Regular Blockholders. The greater of the scheduled block credits missed as a result of the assignment or three hours and forty-five minutes (3:45) for each day worked over the duration of the assignment. Where the three hours and forty-five minutes (3:45) duty credit is the greater, the block credits missed will be applied for limitations and the total accrued daily credit for pay purposes.