Exempt Approved Scheme definition

Exempt Approved Scheme has the same meaning as in section 592 of ICTA 1988 and "EXEMPT APPROVED" and "EXEMPT APPROVAL" shall be construed accordingly;
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Exempt Approved Scheme has the same meaning as in section 592 of the Income and Corporation Taxes Act 1988 and "Exempt Approved" is construed accordingly.
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Exempt Approved Scheme has the same meaning as in section 592, Income and Corporation Taxes Act 1988 and "Exempt Approved" shall be construed accordingly. "Initial Payment" means the sum of £700,000 to be paid by the Company or the Purchaser as provided in paragraph 5. "Interest" means, in respect of any period and any principal sum, an amount of interest (accruing daily and compounded monthly) at a rate equal to one percentage point above the base rate from time to time of Barclays Bank plc. "Interim Period" means the period from and including the date of Completion up to but excluding the Joining Date. "Joining Date" means 1st January 2003 or such other date as the parties may agree in writing. "Member" means, at any time or during any period specified in this Schedule, a contributing member of the Vendor's Pension Scheme. "Option Form" means a document substantially in the form set out in Appendix A to this Schedule, or in such other form as the Vendor and the Purchaser shall agree between them (such agreement not to be unreasonably withheld by either party) but which shall in any event include a discharge in favour of the trustee of the Vendor's Pension Scheme by Members who elect to transfer. "Purchaser's Actuary" means Xxxx Xxxxx of Aon Ltd, 11th Floor, Auchinleck House, Xxxxx Xxxxxx, Xxxxxxxxxx X00 0XX or such other Actuary as the Purchaser may notify to the Vendor. "Purchaser's Associates" means any holding company of the Purchaser and any subsidiary of or company controlled by the Purchaser or its holding company. "Purchaser's Scheme" means the retirement benefits scheme or schemes referred to in paragraph 3 and, where the context requires, includes the trustees thereof. "Rules" means the trust deeds and rules and other documents governing the Vendor's Pension Scheme as set out in the list included or referred to in the Disclosure Letter. "Section 9 (2B) Rights" has the same meaning as in the Occupational Pension Schemes (Contracting-out) Regulations 1996.
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Examples of Exempt Approved Scheme in a sentence

  • TaxationThe Scheme is a registered pension scheme under the provisions of Schedule 36 of the Finance Act 2004 for taxation purposes and in turn has been granted Exempt Approved Scheme Tax Status by HMRC that enables the Scheme to benefit from specific statute that exemptsit from income tax on investment income and capital gains tax on gains on disposal.

  • The University’s 1995 scheme was a separately administered defined pension scheme which was established under Statute XCVI and amended by Statute 4 and administered as an Exempt Approved Scheme in the terms of Chapter II of Part I of the Finance Act 1972.

  • The tax charge or credit presented in the Consolidated fund account represents irrecoverable withholding taxes or refundsof withholding taxes arising on investment income and deferred taxation.In managing the tax risk of the Scheme the Trustee will preserve the Exempt Approved Scheme Tax Status of the Scheme and comply fully with and keep up-to-date with all relevant tax laws and regulations in all relevantjurisdictions in which the Scheme operates and/or invests.

  • The Isle of Wight Council Pension Scheme is an Exempt Approved Scheme under Chapter 1 Part X1V of the Income and Corporation Taxes Act 1988.

  • Exempt Approved Scheme means any retirement benefit scheme that is approved by the Revenue Commissioners under Section 774, TCA 1997.

  • The Vendor will use its best endeavours to procure that the Company may continue to participate in the Vendor's Pension Scheme during the Interim Period in respect of those Employees who are Members at Completion, subject to the treatment of the Vendor's Pension Scheme as an Exempt Approved Scheme not being prejudiced (which the Vendor will use its best endeavours to procure) and to the Purchaser and the Company complying with the terms of this Schedule and the Rules.

  • The Plan has been approved as an Exempt Approved Scheme for the purposes of Section 774, part 30, Chapter 1 of the Taxes Consolidation Act 1997 and thus the Plan’s income and gains are generally exempt from taxation with the exception of an annual levy introduced in the Finance (No 2) Act which was signed into law on 22 June 2011 and introduced a four year annual levy of 0.6% on private pension funds.

  • The Scheme has been approved by the Revenue Commissioners as a Retirement Benefits Scheme for the purposes of Part 30, Chapter 1, Taxes Consolidation Act 1997 and will be treated as an Exempt Approved Scheme for the purposes of Section 774 of that Act, both with effect from 1 January 2004.

  • The Isle of Wight Council Pension Scheme is an Exempt Approved Scheme under Chapter 1 Part XIV of the Income and Corporation Taxes Act 1988.

  • As the Pensions Fund is an Exempt Approved Scheme, the approval of the Revenue Commissioners (Republic of Ireland) and the Commissioners of Inland Revenue (United Kingdom) to this legislation will be required.


More Definitions of Exempt Approved Scheme

Exempt Approved Scheme has the same meaning as in Chapter I Part XIV Income and Corporation Taxes Act 1988 and “exempt approved” shall be construed accordingly.
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Exempt Approved Scheme has the same meaning as in Chapter I Part XIV Income and Corporation Taxes Act 1988 and "EXEMPT APPROVED" shall be construed accordingly;
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Exempt Approved Scheme has the same meaning as in section 592 of the Income and Corporation Taxes Act 1988 and "EXEMPT APPROVED" is construed accordingly.
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Exempt Approved Scheme shall have the meaning given to it by Section 592(1) of the Income and Corporation Taxes Xxx 0000.
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Exempt Approved Scheme shall have the meaning as set forth in Xxxxxxx 000, Xxxxx Xxx 0000 and "Exempt Approved" shall be construed accordingly.
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Related to Exempt Approved Scheme

  • approved scheme means a share option scheme, other than a savings-related share option scheme, approved under Schedule 4.

  • approved blood scheme means a scheme established or approved by the Secretary of State, or trust established with funds provided by the Secretary of State, for the purpose of providing compensation in respect of a person having been infected from contaminated blood products;

  • Exempt Newco Scheme means a Newco Scheme where, immediately after completion of the relevant Scheme of Arrangement, the ordinary shares or units or equivalent of Newco (or depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco) are (i) admitted to trading on the Relevant Stock Exchange or (ii) admitted to listing on such other Regulated Market as the Issuer or Newco may determine;

  • Approved Share Plan means any employee benefit plan which has been approved by the board of directors of the Company prior to or subsequent to the date hereof pursuant to which Ordinary Shares and standard options to purchase Ordinary Shares may be issued to any employee, officer, director or advisers for services provided to the Company in their capacity as such.

  • Company Stockholder Approval has the meaning set forth in Section 4.2(b).

  • Qualifying Transaction means a transaction where a CPC acquires Significant Assets, other than cash, by way of purchase, amalgamation, merger or arrangement with another Company or by other means.

  • Requisite Stockholder Approval means the affirmative vote of the holders of a majority of that company’s issued and outstanding shares entitled to vote on the Merger actually voting in favor of this Agreement and the Merger.

  • Disinterested Shareholder Approval means approval by a majority of the votes cast by all the Company’s shareholders at a duly constituted shareholders’ meeting, excluding votes attached to Common Shares beneficially owned by Insiders who are Service Providers or their Associates;

  • Company Shareholder Approval means the authorization and approval of this Agreement, the Plan of Merger and the Transactions, including the Merger, at the Company Shareholders’ Meeting by the Required Company Vote.

  • Approved Stock Plan means any employee benefit plan which has been approved by the Board of Directors of the Company, pursuant to which the Company’s securities may be issued to any employee, officer or director for services provided to the Company.

  • Alternative Restructuring Proposal means any inquiry, proposal, offer, bid, term sheet, discussion, or agreement with respect to a sale, disposition, new-money investment, restructuring, reorganization, merger, amalgamation, acquisition, consolidation, dissolution, debt investment, equity investment, liquidation, tender offer, recapitalization, plan of reorganization, share exchange, business combination, or similar transaction involving any one or more Company Parties or the debt, equity, or other interests in any one or more Company Parties that is an alternative to one or more of the Restructuring Transactions.

  • Required Shareholder Approval has the meaning in Section 2.20.

  • Superior Proposal has the meaning set forth in Section 5.09(a).

  • Newco Scheme means a scheme of arrangement or analogous proceeding (“Scheme of Arrangement”) which effects the interposition of a limited liability company (“Newco”) between the Shareholders of the Issuer immediately prior to the Scheme of Arrangement (the “Existing Shareholders”) and the Issuer; provided that (i) only ordinary shares or units or equivalent of Newco or depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco are issued to Existing Shareholders; (ii) immediately after completion of the Scheme of Arrangement the only holders of ordinary shares, units or equivalent of Newco or, as the case may be, the only holders of depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco, are Existing Shareholders holding in the same proportions as immediately prior to completion of the Scheme of Arrangement; (iii) immediately after completion of the Scheme of Arrangement, Newco is (or one or more wholly-owned Subsidiaries of Newco are) the only shareholder of the Issuer; (iv) all Subsidiaries of the Issuer immediately prior to the Scheme of Arrangement (other than Newco, if Newco is then a Subsidiary of the Issuer) are Subsidiaries of the Issuer (or of Newco) immediately after completion of the Scheme of Arrangement; and (v) immediately after completion of the Scheme of Arrangement the Issuer (or Newco) holds, directly or indirectly, the same percentage of the ordinary share capital and equity share capital of those Subsidiaries as was held by the Issuer immediately prior to the Scheme of Arrangement;

  • Company Superior Proposal shall have the meaning set forth in Section 7.4(b).

  • Company Takeover Proposal means (i) any proposal or offer for a merger, consolidation, dissolution, recapitalization or other business combination involving the Company, (ii) any proposal for the issuance by the Company of over 30% of its equity securities as consideration for the assets or securities of another person or (iii) any proposal or offer to acquire in any manner, directly or indirectly, over 30% of the equity securities or consolidated total assets of the Company, in each case other than the Merger.

  • Company Acquisition Proposal means any proposal for a merger or other business combination involving the Company or the acquisition of any equity interest in, or a substantial portion of the assets of, the Company, other than the transactions contemplated by this Agreement.

  • CFIUS Approval means that any of the following shall have occurred: (a) the review period under the DPA commencing on the date that a CFIUS Notice is accepted by CFIUS shall have expired and Xxx, on the one hand, and Polaris, on the other hand, shall have received written notice from CFIUS to the effect that such review has been concluded and that either the Contemplated Transactions do not constitute a “covered transaction” under the DPA or there are no unresolved national security concerns, and all action under the DPA is concluded with respect to the Contemplated Transactions, (b) an investigation under the DPA shall have been commenced after such review period and CFIUS shall have determined to conclude all action under the DPA without sending a report to the President of the United States, and Xxx, on the one hand, and Polaris, on the other hand, shall have received written notice from CFIUS that either the Contemplated Transactions do not constitute a “covered transaction” under the DPA or there are no unresolved national security concerns, and all action under the DPA is concluded with respect to the Contemplated Transactions, or (c) CFIUS shall have sent a report to the President of the United States requesting the President’s decision and either (i) the President shall have announced a decision not to take any action to suspend or prohibit the Contemplated Transactions or, (ii) the period under the DPA during which the President may announce his decision to take action to suspend, prohibit or place any limitations on the Contemplated Transactions shall have expired without any such action being threatened, announced or taken.

  • Limited Condition Transaction means any Acquisition Transaction or any other acquisition or Investment permitted by this Agreement, in each case whose consummation is not conditioned on the availability of, or on obtaining, third party financing.

  • Share Option Scheme ’ means the share option scheme adopted by the Company on

  • Takeover Proposal means any offer or proposal for, or any indication of interest in, a merger or other business combination involving Target or the acquisition of any significant equity interest in, or a significant portion of the assets of, Target, other than the transactions contemplated by this Agreement.

  • Approved 102 Option means an Option granted pursuant to Section 102(b) of the Ordinance and held in trust by a Trustee for the benefit of the Optionee.

  • Requisite Shareholder Approval means the affirmative vote of a majority of the outstanding shares of the Preferred Stock and the Common Stock (voting together as a single class) and the affirmative vote of a majority of the outstanding shares of Common Stock (voting separately as a single class), in each case approving the Authorized Shares Amendment.

  • Parent Stockholder Approval means the affirmative vote of the holders of a majority of the shares of Parent Stock entitled to vote with respect to the approval of the Parent Stock Issuance.

  • Shareholder Approval means such approval as may be required by the applicable rules and regulations of the Nasdaq Capital Market (or any successor entity) from the shareholders of the Company to permit the exercise of the Warrants.

  • Alternative Transaction Proposal means any offer, inquiry, proposal or indication of interest, written or oral (whether binding or non-binding and other than an offer, inquiry, proposal or indication of interest by Parent or an Affiliate of Parent), relating to an Alternative Transaction.