EOSP definition
Examples of EOSP in a sentence
Except as otherwise provided in this Agreement, any termination payments made and benefits provided under this Agreement to you, including pursuant to this Section 11(b) and the EOSP thereunder, shall be in lieu of any other termination or severance payments or benefits for which you may be eligible under any of the plans, practices, policies or programs of the Company or its affiliates.
In accordance with the EOSP, your entitlement to severance benefits thereunder (and as provided in this Agreement) will be subject to your providing a release of claims as provided therein.
The Offshore Service Agreements, being entered into by the Group with EOCP and EOSP, are considered interested person transactions.
Transactions entered into by the Group with EOSP should accordingly be treated as interested person transactions under Chapter 9 of the Catalist Rules.
For the purpose of Rule 904(4) of Section B: Rules of the Catalist of the listing manual of Singapore Exchange Securities Trading Limited (the “Catalist Rules”), EOCP and EOSP are considered interested persons, being associates of Jit Sun Investments Pte.
EOSP is a wholly owned subsidiary of Ezra while EOCP is a wholly owned subsidiary of EOC Limited (“EOC”), a company in which ▇▇▇▇ has approximately 48.87% interest.
EOSP carries on the business of providing ship management services.
The definitions of the following terms will have the meaning as defined in the EOSP: “Cause”, “Disability”, “Change of Control”, “Qualifying Termination” (except as modified above), “Termination Period”, and “Good Reason” as the definition of Good Reason applies to a Qualifying Termination occurring during the Termination Period.
EOSP, being a wholly-owned subsidiary of Ezra, is thus also an associate of ▇▇▇▇▇▇ ▇▇▇ and ▇▇▇ ▇▇▇.