Share Scheme Sample Clauses
A Share Scheme clause outlines the terms under which employees or other stakeholders may be granted shares or options in a company. Typically, it details eligibility criteria, the process for granting shares, vesting schedules, and any conditions or restrictions on the transfer or sale of shares. By clearly defining how and when shares are allocated, this clause incentivizes performance, aligns interests between the company and participants, and helps retain key personnel.
Share Scheme. The Company will propose a scheme of arrangement under which all the Scheme Shares are transferred to Unilife Corporation and Scheme Shareholders will be entitled to receive the Share Scheme Consideration.
Share Scheme. The Executive will be invited to participate in the Company’s Executive Long Term Share Plan, as amended from time to time (“the Plan”), on such terms as may be agreed between the Company and the Executive. Any issue of shares pursuant to the Plan will be subject to shareholder approval. The Executive acknowledges having received a copy of the terms of the Plan current at the date of this agreement.
Share Scheme. (a) Xplore must, as soon as reasonably practicable after the date of this agreement and substantially in compliance with the Timetable, propose the Share Scheme under which, subject to the Share Scheme becoming Effective, all of the Scheme Shares will be transferred to HUB24 and the Scheme Shareholders will be entitled to receive, for each Scheme Share held at the Share Scheme Record Date, the Share Scheme Consideration.
(b) Xplore must not consent to any modification of, or amendment to, or the making or imposition by the Court of any condition in respect of the Share Scheme without the prior written consent of HUB24.
Share Scheme. Cytopia must propose a scheme of arrangement under which all of the Cytopia Shares held by Scheme Shareholders will be transferred to YM and each Scheme Shareholder will be entitled to receive the Scheme Consideration from YM for each Cytopia Share held at the Record Date.
Share Scheme expressly contemplated by this Agreement (including any Securities issued under a Share Scheme);
Share Scheme. There are no adopted employee share incentive schemes (whether contractual or discretionary) applicable to any of the Employees and no award under any such scheme has been made to any of the Employees.
Share Scheme. (a) CBH will propose the Share Scheme under which all of the Scheme Shares are transferred to Richview and Scheme Shareholders are entitled to receive the Share Scheme Consideration.
(b) Subject to clause 4.6, ▇▇▇ and ▇▇▇▇▇▇▇▇, jointly and severally:
(i) agree that the Share Scheme will not become effective; and
(ii) undertake not to declare or suggest that the Share Scheme has been unconditional, until after the Note Scheme becomes Effective.
Share Scheme. ATL must propose a scheme of arrangement under which:
(a) all of the ATL Shares held by Share Scheme Participants at the Record Date will be transferred to Holdco; and
(b) each Share Scheme Participant will be entitled to receive the Share Scheme Consideration.
Share Scheme. Consideration
(a) URI covenants in favour of Anatolia, in consideration for the transfer to URI of the Scheme Shares held by each Scheme Shareholder under the terms of the Share Scheme, to provide or procure provision of the Share Scheme Consideration to each Scheme Shareholder on the Implementation Date and otherwise in accordance with the Share Scheme.
(b) Subject to clauses 4.10 and 4.11 and to the Share Scheme becoming Effective, at 10.00am on the Implementation Date, the transactions which form part of the Share Scheme will be implemented in the following sequence:
(i) each Scheme Shareholder will receive the Share Scheme Consideration for each Scheme Share held by that Scheme Shareholder at the Record Date, which is to be issued in the manner set out in clause 4.7; and
(ii) in exchange, all existing Scheme Shares at the Record Date will be transferred to URI or its nominee.
Share Scheme any proposal that any bonus or profit-sharing scheme or any share option or share incentive scheme or employee share trust or share ownership plan be adopted;