ESOP SPVs definition

ESOP SPVs means collectively, ESOP SPV 1, ESOP SPV 2, ESOP SPV 3, ESOP SPV 4 and ESOP SPV 5.
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Examples of ESOP SPVs in a sentence

  • For the avoidance of doubt, before the relevant Investor receives the full amount of their respective Preference Amount pursuant to Section 4.6(i)(a) through (f) above, none of the Founder, the Founder Holdcos and the ESOP SPVs shall be entitled to receive any remaining assets and funds of the Company available for distribution under this Section 4.6(i)(g).

  • The Borrower, the Borrower Shareholder, the Offshore ESOP SPVs and the Offshore Founder Obligor.

  • Offshore ESOP SPV Holdco will directly legally and beneficially own 100% of the Equity Interests in each of Offshore ESOP SPVs. 1 This percentage is based on the number of shares of the Target that are in existence as at 30 June 2015, and may be adjusted by up to 0.75% to reflect the final number of shares of the Target in issue on the Closing Date.

  • The Borrower, the Borrower Shareholder, the Offshore ESOP SPVs and each initial party to the Intercreditor Agreement (other than the Finance Parties).

  • The Borrower, the Borrower Shareholder, the Offshore ESOP SPVs, each other Guarantor, the Onshore ESOP SPV and the SPVs (as defined in Schedule 5 (Permitted Restructuring)), excluding the Offshore Founder Trust and the Excluded Onshore Founder Entities (as defined in Schedule 5 (Permitted Restructuring)).

Related to ESOP SPVs

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • ESOP means a Plan that is intended to satisfy the requirements of Section 4975(e)(7) of the IRC.

  • Company Stock Fund means a hypothetical investment fund pursuant to which Deferred Stock Units are credited with respect to a portion of an Award subject to an Election, and thereafter until (i) the date of distribution or (ii) the effective date of a Diversification Election, to the extent a Diversification Election applies to such Deferred Stock Units, as applicable. The portion of a Grantee’s Account deemed invested in the Company Stock Fund shall be treated as if such portion of the Account were invested in hypothetical shares of Common Stock or Special Common Stock otherwise deliverable as Shares upon the Vesting Date associated with Restricted Stock or Restricted Stock Units, and all dividends and other distributions paid with respect to Common Stock or Special Common Stock were held uninvested in cash and credited with interest at the Applicable Interest Rate as of the next succeeding December 31 (to the extent the Account continues to be deemed credited in the form of Deferred Stock Units through such December 31).

  • Company Stock Account means the account established and maintained in the name of each Participant or Beneficiary to reflect his share of the Trust Fund invested in Company Stock.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.