Empowerment Trust definition
Examples of Empowerment Trust in a sentence
Pyramid Freight and Empowerment Trust are or are about to become shareholders in the Company and wish to enter into this Agreement to regulate their relationship with one another and with the Company on the terms and conditions set out below.
The Seller hereby waives, in favour of the Purchaser, its right to receive a pre-emptive offer to purchase any of the shares in, and claims against, the Company (or any part thereof) held by the DRDSA Empowerment Trust ("DRDSA Empowerment Trust Total Interest"), whether in terms of the Constitutional Documents of the Company, the Companies Act or the provisions of any shareholders agreement between the shareholders of the Company.
If the dispute has not been resolved through the mediation of the Managing Directors and the trustee nominated by the trustees for the time being of the Empowerment Trust for this purpose within 10 Business Days of its being referred to them then the dispute will be determined by arbitration in accordance with the provisions of this clause 22.
Accordingly, the Seller agrees that the DRDSA Empowerment Trust may Dispose of, and the Purchaser may acquire, the DRDSA Empowerment Trust Total Interest in accordance with the provisions of any agreement concluded between them on, mutatis mutandis, similar terms to this Agreement.
AThe Trust, to be known as the Redefine Empowerment Trust, is hereby was constituted in terms of the Original Trust Deed.
Coega Dairy is 38% owned by the Coega Empowerment Trust (CET) the equity of which is warehoused by the Industrial Development Corporation (IDC), at a value of R100 million.
Amadlelo Agri Pty Ltd is made up of three shareholders: the Amadlelo Milk Producers Investment Company Pty Ltd (AMPIC) which is the body representing 70 commercial dairy farmers from the Eastern Cape and KZN; Vuwa Investment Company, a black-owned empowerment investor; and the Amadlelo Empowerment Trust which is an umbrella organisation for the workers trusts on each of the 70 commercial farms.
Nedbank, Harmony, Deneys Reitz Trustees (Prop▇▇▇▇▇ry) Limited and Frank Abbott ar▇ ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ the ARM Broad-Based Empowerment Trust, an oral trust established by oral agreement between them as trustees and Frank Abbott as ▇▇▇▇▇▇▇ ▇▇ ▇▇ ▇▇ril 2005 ("TRUST").