Entitlement acquisition definition
Entitlement acquisition means the occurrence of events, held in the manner specified in these Regulations, constituting the fulfillment of one of the Program Criteria, resulting in entitlement of the Eligible person to subscribe for a certain number of Warrants as a result of the fulfillment of one or more Criteria; Entitlement acquisition is on condition subsequent the events referred to in these Regulations, no later than prior to taking up Warrant by the Eligible person. For the purposes of these Regulations, it is assumed that the Entitlement acquisition occurs on 31 December, of the Program Year, regardless of a date the Management Board and the Supervisory Board have agreed that the Entitlement acquisition has occurred;