Examples of Nortel Limited in a sentence
Except as Participants may otherwise be advised by prior written notice of at least thirty (30) days, all costs of the Plan, including any administration fees and reasonable brokerage fees related to the purchase of Common Shares pursuant to Section 8, shall be paid by Nortel Limited.
For greater certainty, Nortel Limited shall not pay or be responsible for brokerage or other fees incurred by Participants in respect of the disposition of any Common Shares.
Neither Nortel Limited nor Nortel Corporation shall be required to cause to be delivered Common Shares or certificates evidencing Common Shares pursuant to the Plan unless and until such delivery is in compliance with all applicable laws, regulations, rules, orders of governmental or regulatory authorities and the requirements of any stock exchange upon which shares of Nortel Corporation are listed or traded.
In connection with, and effective as of May 1, 2000, Share Units granted or to be granted under the Plan and the shares subject to the Plan were adjusted and common shares of Nortel Corporation were substituted for common shares of Nortel Limited.
Unless otherwise determined by the Committee, the obligations of Nortel Limited under the Plan shall be general unsecured obligations of Nortel Limited.
The business operator must conduct Commercial Cannabis activities in accordance with this Chapter and State Law.
A written notification of the balance in the account maintained for each Participant shall be mailed by Nortel Limited or by an Administrator on behalf of Nortel Limited to each Participant at least annually.
The purpose of the Plan is to assist Nortel Limited in attracting and retaining individuals with experience and ability to serve as members of the Board and to promote a greater alignment of interests between Eligible Directors and the shareholders of Nortel Corporation.
Any obligation of Nortel Limited with respect to Common Shares pursuant to the terms of the Plan is subject to compliance with all applicable laws, regulations, rules, orders of governmental or regulatory authorities and the requirements of any stock exchange upon which shares of Nortel Corporation are listed or traded.
To the full extent permitted by law, Nortel Limited shall indemnify and save harmless each person made, or threatened to be made, a party to any action or proceeding by reason of the fact that such person is or was a member of the Committee or is or was a member of the Board and, as such, is or was required or entitled to take action pursuant to the terms of the Plan.