GEC SCHEME definition

GEC SCHEME the retirement benefits scheme established by GEC and known as the "GEC 1972 Plan", established by a Definitive Trust Deed and Rules dated 4th March, 1982 (as amended), details of which schemes are included in the Disclosure Documents;
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GEC SCHEME the retirement benefits scheme established by GEC and known as the "GEC 1972 Plan" established by a Definitive Trust Deed and Rules dated 4th March, 1982 as amended. "GEC SECURITIES" guarantees, indemnities, performance bonds or other security or contingent obligation in the nature of a financial obligation which have or may have been given by GEC or any other member of the GEC Group to secure any obligation of the Company; "ICTA 1988" the Income and Corporation Taxes ▇▇▇ ▇▇▇▇; "IHTA 1984" the Inheritance Tax ▇▇▇ ▇▇▇▇; "INFORMATION MEMORANDUM" the information memorandum dated August 1997 and published in connection with the transaction effected by this Agreement; "INTELLECTUAL PROPERTY" means patents, trade marks and service marks, rights in designs, trade or business names or signs, copyrights (including rights in computer software) compilation rights, rights in any database and topography rights (whether or not any of these is registered and including applications for registration of any such thing) and all rights or forms of protection of a similar nature or having an equivalent or similar effect to any of these which may subsist anywhere in the world; "LONDON STOCK EXCHANGE" the London Stock Exchange Limited; "PANEL" the Panel on Take-overs and Mergers; "PERMITS" as at the date of this agreement any and all licences, consents, permits, authorisations or the like, made or issued pursuant to or under, or required by, Environmental Laws in relation to the conduct of the business of the Company; "PRE-SALE DIVIDEND" the 1,750,000 dividend declared and paid by the Company on 20th August, 1997; "PROCEEDINGS" any proceeding, suit or action arising out of or in connection with this agreement; "PROPERTY" all the leasehold property described in Schedule 8; "PURCHASE PRICE" 17,000,000 (seventeen million pounds sterling), subject to adjustment as provided in clause 6.6; "PURCHASER'S GROUP" the Purchaser and all subsidiaries or subsidiary undertakings from time to time of the Purchaser; "RTPA 1976" the Restrictive Trade Practices ▇▇▇ ▇▇▇▇; "SHARES" the entire issued share capital of the Company at Completion; "TAX COVENANT" the tax covenant referred to in Schedule 2 and set out in Schedule 5; "TCGA 1992" the Taxation of Chargeable Gains ▇▇▇ ▇▇▇▇; "TULRCA" the Trade Union and Labour Relations Consolidation ▇▇▇ ▇▇▇▇; "TRANSFERORS" GEC-Marconi Limited and Associated Electrical Industries Limited; "VAT" value added tax; "VATA 1994" the Value Added Tax ▇▇▇ ▇▇▇▇; "WARRANT...
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Related to GEC SCHEME

  • 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;

  • Superannuation Scheme in this subclause, shall mean a scheme other than one implemented solely for purposes of compliance with Clause 49. - Superannuation of this award, or an Order of the Western Australian Industrial Relations Commission.

  • Pension Scheme means the superannuation scheme continued by section 29(c) of the Act;

  • relevant scheme means a scheme of financial assistance provided under—

  • 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;