30% Rule definition

30% Rule means those restrictions set out in section 13 of the Canada Pension Plan Investment Board Regulations, SOR/99-190, that prohibit CPPIB from investing directly or indirectly in the securities of a corporation to which are attached more than 30% of the votes that may be cast to elect the directors of that corporation.

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30% Rule means Section 79 of regulation 909 under Section 62 of the Pension Benefits Act (Ontario).

30% Rule means those certain regulatory provisions under the Pension Benefits Act (Ontario) that preclude OTPP from, directly or indirectly, investing in securities of a corporation to which are attached more than thirty percent (30%) of the votes that may be cast to elect the directors of the corporation, as those provisions may be amended or replaced from time to time.

Examples of 30% Rule in a sentence

• For the avoidance of doubt, no 30% Rule Designee will be a party to this Agreement or be required to execute a joinder or deed of adherence as a condition precedent to owning any Shares.

• The Company shall not permit the Transfer of the Shares subject to this Agreement on its books (other than to a 30% Rule Designee) unless and until such Transferee shall have complied with the terms of this Section 11.2(b).

• Additionally, OTPP may direct the Company or the other Stockholders to require that any Board Shares that would otherwise be Transferred by or to or issued to OTPP instead be Transferred by or to or issued to any 30% Rule Designee.

• In furtherance of the foregoing, the Issuer and each Stockholder agrees to take (or omit to take) any action or step reasonably requested by any Applicable Entity, including, without limitation, a change in the authorized capital of a Group Company, that is necessary to avoid any breach or potential breach of the 30% Rule.

• Select a sample, in conjunction with the Authority, of approximately 30 Rule 43 Reports/narrative verdicts covering all sectors and a range of learning in order to identify the action that has been taken by the individual custodial sector in response to the recommendations.

More Definitions of 30% Rule

30% Rule means the restrictions set out in section 11 of Schedule III of the Pension Benefits Standards Regulations, 1985 (Canada), as incorporated by reference in Section 79 of regulation 909 under Section 62 of the Pension Benefits Act (Ontario), which prohibits Ontario Teachers’ Pension Plan Board and its Affiliates from, directly or indirectly, investing the moneys of the plan in the securities of a corporation to which are attached more than 30% of the votes that may be cast to elect or remove the directors of a corporation, or any amendment or replacement of that rule.

30% Rule means Section 79 of regulation 909 under Section 62 of the Pension Benefits Act (Ontario) which prohibits Ontario Teachers’ Plan Investment Board and its affiliates from, directly or indirectly, investing the moneys of the plan in the securities of a corporation to which are attached more than 30 per cent of the votes that may be cast to elect or remove the directors of a corporation.

30% Rule means the restrictions incorporated by reference in Section 79 of regulation 909 under Section 62 of the Pension Benefits Act (Ontario), which prohibits any Investor Parent Entity from, directly or indirectly, investing the moneys of the plan in the securities of a corporation to which are attached more than thirty percent (30%) of the votes that may be cast to elect or remove the directors of a corporation, or any amendment or replacement of that rule.

30% Rule has the meaning specified in Section 5.10.

30% Rule has the meaning set forth in Section 2.9(a).

30% Rule means Section 79 of Regulation 909 of the Pension Benefits Act (or any amendment or replacement of that Section) which imposes certain restrictions on Ontario Teachers’ from investing funds, directly or indirectly, in securities of a corporation to which are attached more than 30% of the votes that may be cast for the election of directors of that corporation. "Affiliates" means in respect of the Offeror, any company or other legal entity Controlling or Controlled by, directly or indirectly, the Offeror, or in respect of the Company, any company or other legal entity Controlled by the Company, as the case may be. For the purpose hereof, the Company and its Affiliates immediately prior to Completion shall not be considered Affiliates of the Offeror. "ATP" means Arbejdsmarkedets Tillægspension, company reg. no. (CVR) 43405810, a pension fund established by law and incorporated under the laws of Denmark, whose registered office is at Kongens Vænge 8, DK-3400 Hillerød, Denmark. "Board of Directors" or "Board" means the board of directors of Copenhagen Airports A/S. "Business Day" means any day, other than Saturdays and Sundays, besides from public holidays, 5 June, 24 December and 31 December, cf. Section 7(8) of the Danish Securities Trading Act. "Cash Bonus Program" means the Company’s incentive program for the members of the Executive Management as described under Section 3.7.3.1. "CET" means Central European Time. "Competing Offer" means a competing offer pursuant to Section 26 of the Danish Takeover Order. "Completion" means the completion, including the settlement and transfer of title to the Shares, of the Offer pursuant to the terms of this Offer Document.

30% Rule means the rule precluding Public Sector Pension Investment Board from investing in, directly or indirectly, securities to which are attached more than thirty percent (30%) of the right to vote for the election of directors of a corporation (or members of any similar governing body of a company or entity);