Examples of JSOP Shares in a sentence
The purpose of this clause 3 is to describe and calculate the respective interests of the Participant and the Trustee in the JSOP Shares.
The formula calculates the beneficial interest in each JSOP Share owned by the Participant and the Trustee from time to time, the effect being that, subject to the Share Price Condition and the Performance Condition, the Participant’s interest in the JSOP Shares increases as the JSOP Shares increase in value from the Listing Price (or, before the Relisting, £2.64) (as Adjusted) per JSOP Share.
No alteration may be made under this clause 18 which would materially increase the liability of the Participant or the Company or the Trustee which would materially increase or decrease the value of the Participant’s subsisting rights under this Deed (including, but not limited to, the basis for adjusting the Participant’s interest in JSOP Shares following any variation, reorganisation or sale referred to in the definition of that term) without the approval of the person concerned.
The Trustee and the participant hold their beneficial interests in the JSOP Shares in specified proportions.
The New Employee JSOP Shares will vest depending on the achievement of share price targets and will be released one year later.• Pursuant to the terms of the Non-Employee JSOP, to issue 429,865 Ordinary Shares to the Trustee.
Subject to, amongst other things, Resolutions 5 and 7 being duly passed by the requisite majority at the General Meeting, it is expected that Admission will become effective and dealings in the Placing Shares and New JSOP Shares on AIM will commence on 10 June 2014.The total number of 42,857,142 Placing Shares to be issued pursuant to the Placing will represent approximately 40.5 per cent.
No alteration may be made under this clause 18 which would materially increase the liability of the Employee or the Company or the Trustee which would materially increase or decrease the value of the Employee’s subsisting rights under this Deed (including, but not limited to, the basis for adjusting the Employee’s interest in JSOP Shares following any variation, reorganisation or sale referred to in the definition of that term) without the approval of the person concerned.
Staff Recommended Motion:To approve the Minutes of the Regular City Commission Meeting held July 16, 2007.
The formula calculates the beneficial interest in each JSOP Share owned by the Employee and the Trustee from time to time, the effect being that the Employee’s interest in the JSOP Shares increases as the JSOP Shares increase in value from £[this will be the ‘hurdle’ value as determined by GT] per JSOP Share.
The PIPE Shares, the Qell Shares, the Lilium Legacy Shares, the eVTOL Shares and the JSOP Shares have been validly issued and fully-paid and are non-assessable.