ESPS Trust definition

ESPS Trust or “Trust” means the ‘Godfrey Phillips ESPS Trust’, established by the Company in compliance with the SEBI (Share Based) Regulations and the Indian Trusts Act, 1882, for the benefit of the Eligible Employees and which shall from time to time administer this Scheme with a power to purchase, hold, transfer or deal in Shares of the Company, and hold, transact and deal in cash and other assets for the purposes of the Scheme as permitted under the SEBI (Share Based) Regulations.
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Related to ESPS Trust

  • Business trust means a trust created for the purpose of making a profit through the combination of capital contributed by the beneficiaries of the trust and through the administration or management of the capital by trustees or a person acting on behalf of the trustees, for the benefit of the beneficiaries;

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Owner Trust means with respect to any Leased Aircraft, the trust created by the "Trust Agreement" referred to in the Leased Aircraft Indenture related thereto.

  • Special needs trust means a trust the trustee believes would not be considered a resource for purposes of determining whether a beneficiary with a disability is eligible for governmental benefits.

  • First trust means a trust over which an authorized fiduciary may exercise the decanting power.