Examples of LTIP TRUSTEE in a sentence
At the Closing, the LTIP Trustee will have the organizational power and authority to execute, deliver and perform the Ancillary Documents to be executed and delivered by the LTIP Trustee and to consummate the transactions contemplated hereby and thereby.
At the Closing, the LTIP Trustee will have full organizational power and authority to sell, convey, transfer, assign and deliver the Shares owned by it to Buyer.
LTIP Trustee does not exercise at the Scheme Meeting the votes attached to any Restricted Shares that it holds.
O’Mahony837,267837,267There have been no changes in the interests as shown above between 31 July 2011 and 21 September 2011.Equity entitlements in Origin Enterprises plcIn addition, through Origin LTIP Trustee Limited, the directors held the following equity entitlements under the terms of the Origin Long-Term Incentive Plan.
Basic earnings per share is calculated by dividing the earnings attributable to ordinary shareholders by the weighted average number of shares in issue during the year, excluding those held by the LTIP Trustee which are treated as cancelled for the purposes of the calculation.For diluted earnings per share, the weighted average number of ordinary shares in issue is adjusted to assume conversion of all dilutive potential ordinary shares.
Upon voluntary termination of employment (resignation) or termination with cause, any Units which have not vested will be forfeited, subject to the discretion of the trustee of the Trust (the "LTIP Trustee"), with the approval of the Compensation Committee.
Substantial holdingsAs at 21 September the directors have been notified of the following shareholdings which amount to three per cent or more of the Company’s issued ordinary share capital: Number of shares %ARYZTA AG95,000,00071.4The Capital Group Companies, Inc.4,986,6003.7Origin LTIP Trustee Limited4,682,1343.5 Political donationsNo political donations were made in the current year (2010: €Nil).
There will be a Net Asset Adjustment, under which the consideration of Pound Sterling 2.81 per Share payable to Shareholders upon the Offer becoming unconditional in all respects shall be increased pro rata to the extent that the actual consolidated net asset value of the Group (including cash held by the LTIP Trustee) at Completion exceeds Pound Sterling 22,360,000.
Accordingly, the directors have authorised the Company, subject to compliance with the Companies Act 1993, to exercise a call option in respect of the 738 shares which are held by Metlifecare LTIP Trustee Limited for that employee.
Seller and the Minority Shareholders (collectively, the “Shareholders”) own all of the issued and outstanding shares (the “Shares”, which for the avoidance of doubt includes the additional 616,000 E Shares to be issued to the LTIP Trustee prior to Closing) in the capital of Chiltern International Group Limited, a private limited company registered in Scotland as company number SC302773 (the “Company”).