Minimum Shareholding Threshold definition

Minimum Shareholding Threshold means for each Participant, a number of Shares and/or DSU’s held by that Participant having a value equal to five times the aggregate of (i) the Annual Retainer paid to that Participant, and (ii) the dollar value of the DSU’s issued to that Participant, for any year; where the value of the Shares shall be equal to the Fair Market Value of a Share on the date of determination multiplied by the number of Shares held by the Participant and the value of DSU’s shall be equal to the Fair Market Value of a Share on the date of determination multiplied by the number of DSU’s in the DSU Bank of that Participant.
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Minimum Shareholding Threshold means the number of Shares required to be held by a Participant who is a director or product group chief executive of the Company, as determined in accordance with Rule 4.7
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Minimum Shareholding Threshold means 5% (Five percent) of the share capital of the Company, computed on a Fully Diluted Basis.
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Examples of Minimum Shareholding Threshold in a sentence

  • Provided that, if a Nominating Entity chooses not to appoint or in the case of MSDF identify any Director and/or Observer, and in the case of Anchor Investors and Dvara, subject to each of them holding the Minimum Shareholding Threshold, such Anchor Investor, MSDF or Dvara as the case may be, shall continue to retain such right and may appoint or identify for appointment (as applicable) a Director and/or Observer, at any time as it deems fit.

  • The quorum for a general meeting of the Shareholders shall be the presence, in person of at least 4 (four) Shareholders, provided however, that no quorum shall exist unless the Anchor Investors' representatives (so long as the Anchor Investors' hold the Minimum Shareholding Threshold) and Dvara representative (so long as Dvara holds the Minimum Shareholding Threshold) is present at the general meeting.

  • Subject to Clause 5.15.1(iv) above, the quorum for a Board meeting shall be at least 5 (five) Directors which shall include each Anchor Investor Nominee so long as such Anchor Investor holds the Minimum Shareholding Threshold, Dvara Nominee so long as Dvara holds the Minimum Shareholding Threshold, and MSDF Director.

  • Provided that, upon issue of MSDF Securities, by the Company to MSDF, (i) MSDF shall be an Anchor Investor, (ii) the MSDF Director shall be an Anchor Investor Nominee and (iii) the presence of the Anchor Investor Nominee appointed by MSDF for the purpose of quorum shall be necessary for only so long as MSDF holds the Minimum Shareholding Threshold.

  • Subject to Dvara holding the Minimum Shareholding Threshold, Dvara shall have the right to appoint at least 1 (one) nominee Director ("Dvara Nominee") to the Board and to every committee constituted by the Board.

  • Subject to an Anchor Investor holding the Minimum Shareholding Threshold, such Anchor Investor shall have the right to appoint at least 1 (one) nominee Director ("Anchor Investor Nominee") to the Board and to every committee constituted by the Board.