Coretec DSUs definition
Examples of Coretec DSUs in a sentence
The Employer agrees to notify employees within ten (10) days verifying or denying vacation requests.
On the Effective Date, DDi shall deliver, to the applicable Coretec Optionholder or holder of Coretec DSUs, a cheque representing the amount of Consideration such Coretec Optionholder or holder of Coretec DSUs is entitled to receive in accordance with the terms of the Arrangement less applicable withholdings.
Holders of Coretec DSUs which are outstanding immediately prior to the Effective Time will be entitled to receive an amount per Coretec DSU equal to the Consideration and such Coretec DSUs will be cancelled at the Effective Time.
DDi will, following receipt of the Final Order and prior to the Effective Time, ensure that the Depository has been provided with sufficient funds in escrow to pay the aggregate consideration to be paid pursuant to the Arrangement to Coretec Shareholders, Coretec Optionholders and holders of Coretec DSUs.
To the extent any amounts are so deducted or withheld and remitted to the appropriate taxing authorities, such deducted or withheld amounts shall be treated for all purposes of this Agreement as having been paid by DDi to the relevant Coretec Shareholder or holder of Coretec Options or Coretec DSUs in respect of which such deduction or withholding was made.
On and after the Effective Time, certificates formerly representing Common Shares, Coretec Options and Coretec DSUs prior to the Effective Time (other than Common Shares held by DDi or any Affiliate thereof) shall cease to represent such securities and shall represent only the right to receive the Consideration therefor specified in Section 2.2 in accordance with the terms of the Arrangement, subject to compliance with the requirements set forth in this Article 4.
DDi shall be entitled to, and shall be entitled to cause Coretec to, deduct or withhold from the amount otherwise payable pursuant to this Agreement to any Coretec Shareholder or holder of Coretec Options or Coretec DSUs such amounts as the applicable payor is required or entitled to deduct and withhold with respect to any such payment under the Tax Act or any other provision of domestic or foreign Law (whether national, federal, state, provincial, local or otherwise) relating to Taxes.
Without limiting any of DDi’s other rights under this Agreement, the Consideration will be adjusted accordingly (i.e., a pro rata reduction in the amount of the Consideration per Common Share) if the number of outstanding Common Shares, on a fully-diluted basis, is greater than 19,404,307, if the In-the-Money Amount is more than $160,000 or if the amount payable in respect of the Coretec DSUs is more than $547,961, in each case at the Effective Date, unless DDi has otherwise consented in writing.