Non-Electing Shareholder definition

Non-Electing Shareholder means a Registered Shareholder who has either made an improper election or in respect of which no election has been received by Computershare by 4:00 p.m. (Toronto time) on the Election Date in respect of the form(s) of consideration the Shareholder wishes to receive from Lifeco for such Shareholder's Exchangeable Shares;
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Non-Electing Shareholder means a Shareholder (other than a Dissenting Shareholder) who elects, pursuant to a Filed Letter of Transmittal and Election Form or is deemed to elect, to exchange all or a portion of their Common Shares for one Trust Unit and a pro-rata share of Weatherford Shares and a pro-rata share of the Special Cash Payment for each Common Share, to the extent of such Common Shares so elected;
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Examples of Non-Electing Shareholder in a sentence

  • In addition, a holder who does not tender an Election for all of his or her shares will be deemed to be a Non-Electing Shareholder with respect to those shares not tendered.

  • However, if the mark-to-market election is made by a Non-Electing Shareholder after the beginning of the holding period for the PFIC stock, then the Section 1291 rules may still apply to certain dispositions (or deemed dispositions) of, distributions on and other amounts taxable with respect to its Common Stock.

  • Treat the threads of all fasteners with anti-seize compound before installing. Ensure that all pins are present and properly installed (including hairpin cotter pins where applicable).

  • Each unit consists of one common share and a half share purchase warrant.

  • Mr. YOUNG, I want to commend you and Mr. LOBIONDO, the distinguished gentleman from New Jersey, for having chaired the full committee and the Coast Guard subcommittee, along with your respective ranking members, Mr. OBERSTAR, the gentleman from Min- nesota; and Mr. FILNER, the gentleman from California.

  • If the PFIC-for-PFIC Exception is available, non-recognition treatment depends on the Non-Electing Shareholder satisfying certain requirements described in the Proposed Regulations.

  • Holders of ICNB Financial Corporation common stock whose Election Form and certificate(s) are not so received or who revoke their Election Form will be considered a Non-Electing Shareholder.

  • If (a) the Company and its Subsidiaries are or have been PFICS and (b) contrary to expectations, the Arrangement is treated as a taxable transaction for U.S. federal income tax purposes, then the U.S. federal income tax consequences of the Arrangement to a Non-Electing Shareholder will generally be as described above under the heading “Treatment of the Arrangement as a Taxable Transaction”, except that any gain recognized will be subject to tax under the excess distribution regime described above.

  • Non-Electing Shareholders The Proposed Regulations provide that a Non-Electing Shareholder is required to recognize all of the Non-Electing Shareholder’s gain on a disposition of PFIC shares in a transaction that qualifies as a Reorganization unless the Non-Electing Shareholder receives in the exchange shares of another corporation that is classified as a PFIC for the taxable year that includes the day after the Effective Date (the “ PFIC-for-PFIC Exception”).

  • Holders of GGP shares who do not properly and timely make an election as provided in the preceding sentences, who properly and timely revoke a prior election without properly making a subsequent election or who fail to make a valid election for any reason will each be considered a Non-Electing Shareholder.

Related to Non-Electing Shareholder

  • Non-Electing Share has the meaning specified in Section 12.11.

  • Existing Shareholder means any Person that is a holder of Ordinary Shares as of December 8, 2017.

  • Non-Election Shares shall have the meaning set forth in Section 3.2.1.

  • 10% Shareholder means a person who owns, directly or indirectly, stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary of the Company. Indirect ownership of stock shall be determined in accordance with Code Section 424(d).

  • Eligible Shareholder means an existing or new investor of the Company that is eligible at the ACD’s discretion to invest in the Class X Shares upon entering into an agreement with the ACD and fulfilling the eligibility conditions set by the ACD from time to time.

  • Preferred Shareholder means any holder of Preferred Shares.

  • ² Shareholder means a person who owns shares in the company and is actively involved in the management of the company or business and exercises control over the company.

  • Ordinary Shareholder means a holder of ordinary shares;

  • Soliciting Shareholder means, with respect to any Special Meeting demanded by a shareholder or shareholders, any of the following Persons:

  • 10% Stockholder means the owner of stock (as determined under Code Section 424(d)) possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Corporation (or any Parent or Subsidiary).

  • Company Shareholder means any holder of any Company Shares.

  • Eligible Stockholder means a person who has either (1) been a record holder of the shares of common stock of the Corporation used to satisfy the eligibility requirements in Section 3.2(d) continuously for the required three-year period or (2) provides to the Secretary of the Corporation, within the time period referred to in Section 3.2(e), evidence of continuous Ownership of such shares for such three-year period from one or more securities intermediaries.

  • Controlling Shareholder means any shareholder owning more than fifty

  • Participating Stockholder means a “Participating Stockholder” under the HBB Stockholders’ Agreement, HY Stockholders’ Agreement and NACCO Stockholders’ Agreement, to the extent the Partnership owns HBB Class B Shares, HY Class B Shares or NACCO Class B Shares. A Partner shall cease to be a Participating Stockholder under this Agreement and shall be deemed to be a Former Partner immediately prior to any event or lapse of time that causes such Partner to no longer be a “Participating Stockholder” under such applicable stockholders’ agreements.

  • Common Stockholder means the employee of, consultant to, or director of the Company or other person to whom shares of Common Stock are issued pursuant to this Plan.

  • Major Stockholder means any such Person.

  • Shareholder means a person who owns shares in the company and is actively involved in the management of the enterprise or business and exercises control over the enterprise.

  • Transferring Shareholder has the meaning set forth in Section 5.2(a).

  • Electing Holder means any Holder of Registrable Securities that has returned a completed and signed Notice and Questionnaire to the Company in accordance with Section 3(a)(i) or 3(a)(ii) hereof.

  • Beneficial shareholder means the person who is a beneficial owner of shares held in a voting trust or by a nominee as the record shareholder.

  • Significant Stockholder means Allied Irish Banks, p.l.c., a limited liability company incorporated under the laws of Ireland having its registered office at Bankcentre, Ballsbridge, Dublin 4, Ireland, and any successor thereto.

  • Rollover Shareholders means each of Expert Master Holdings Limited, Mr. Longhua Piao and UMW China Ventures (L) Ltd.

  • Grandfathered Stockholder has the meaning set forth in Section 1.1.

  • Record shareholder means the person in whose name shares are registered in the records of a corporation or the beneficial owner of shares to the extent of the rights granted by a nominee certificate on file with a corporation.

  • Major Shareholder means a shareholder who directly or indirectly holds 10% or more of the voting rights.

  • Dissenting Shareholder means a registered Company Shareholder who has duly and validly exercised its Dissent Rights in accordance with the YBCA and the terms of the Interim Order and has not withdrawn or been deemed to have withdrawn such exercise of Dissent Rights, but only in respect of the Company Shares in respect of which Dissent Rights are validly exercised by such registered Company Shareholder in accordance with the YBCA and the terms of the Interim Order;