Authorized Withdrawal definition

Authorized Withdrawal means, exclusively (i) the payments performed to the advisors that participated in the Operation, in the amount of up to thirty million reais (R$30,000,000.00), (ii) the bonus and extraordinary payments performed to employees and/or associates of the Easynvest Companies in connection with this Operation, limited to three million reais (R$3,000,000.00), and provided that the amounts paid do not exceed four hundred thousand reais (R$400,000.00) per person; and (iii) the possible payments that may be performed by Easynvest Companies by virtue of the exercise and/or cancellation of the options granted in the context of the Easynvest Option Plan and the Easynvest’s Phantom Share Plan, up to the limit of five hundred thousand reais (R$500,000.00).
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Examples of Authorized Withdrawal in a sentence

  • An Authorized Withdrawal will not be considered as a Voluntary Withdrawal and shall not result in loss of seniority, subject to the other provisions of this Clause.

  • Any and all payments that may be performed by the Easynvest Companies, between August 30, 2020 and the Closing Date, by virtue of the exercise and/or cancellation of the options granted in the context of the Easynvest Option Plan, the Easynvest’s Phantom Share Plan and the ▇▇▇▇▇▇ Option Agreement, including the possible Taxes and expenses, shall be considered as an Authorized Withdrawal for all purposes and effects of this Agreement.

  • Authorized Withdrawal Quantity Gas shall be debited to the Storage Account and Authorized Injection Quantity Gas shall be credited to the Storage Account.

  • In the event of any default by Tenant as aforesaid, Landlord shall be entitled to receive the Authorized Withdrawal from the issuer of such letter of credit upon demand, in which case Tenant shall forthwith restore such letter of credit to its original amount.

  • Any and all payments performed by the Easynvest Companies between August 30, 2020 and the Closing Date by virtue of the exercise and/or cancellation of the options granted in the context of the Easynvest Option Plan, the Easynvest Phantom Share Plan and/or the ▇▇▇▇▇▇ Option Agreement, including possible Taxes and expenses, shall be considered as an Authorized Withdrawal for all purposes and effects of this Agreement.

  • Any and all payments that may be performed by the Easynvest Companies, between August 30, 2020 and the Closing Date, by virtue of the exercise and/or cancellation of the options granted in the context of the Easynvest Option Plan, the Easynvest’s Phantom Share Plan and the Carlos Option Agreement, including the possible Taxes and expenses, shall be considered as an Authorized Withdrawal for all purposes and effects of this Agreement.

  • Any and all payments performed by the Easynvest Companies between August 30, 2020 and the Closing Date by virtue of the exercise and/or cancellation of the options granted in the context of the Easynvest Option Plan, the Easynvest Phantom Share Plan and/or the Carlos Option Agreement, including possible Taxes and expenses, shall be considered as an Authorized Withdrawal for all purposes and effects of this Agreement.

  • An Authorized Withdrawal for medical or compassionate circumstances will not be considered as a Voluntary Withdrawal and shall not result in loss of seniority, subject to the other provisions of this Clause.