Pension Scheme Trustees definition
Examples of Pension Scheme Trustees in a sentence
The authorised representative of the Pension Scheme Trustees or the PPF (as the case may be) shall have the right (at its discretion) to grant a single written consent under this Clause 4.1 to one or more future, planned matter(s) and event(s).
If the Company or a Principal Shareholder becomes aware of any approach by a potential purchaser to acquire any equity in the Company [or any other Group Company] or the entire or a significant part of the business of the Company [or any other Group Company], it shall notify the Pension Scheme Trustees (with a copy to the PPF) as soon as reasonably practicable, and promptly copy to the Pension Scheme Trustees (and the PPF) any relevant correspondence with that potential purchaser.
The receipt by the Company of the purchase money shall be a good discharge by the Pension Scheme Trustees and after its name has been entered in the Company's register of members in exercise of the aforesaid power, the validity of the proceedings shall not be questioned by any person.
In the absence of fraud or manifest error, the decision of the [auditors] [accountants] is binding on the Defaulting Shareholder, the Pension Scheme Trustees and the Company for the purposes of this Clause 9.2.
Save as provided in Clause 6 or Clause 9.2, no party may assign, transfer, charge or otherwise dispose of or subcontract any of its rights or obligations hereunder without the prior written consent of the Pension Scheme Trustees [(acting jointly in their capacity as trustees)].
If the Defaulting Shareholder defaults in so doing in respect of a Defaulting Shareholder Sale, the Company may receive the required purchase money from the Pension Scheme Trustees and the Directors (excluding any Director nominated by a Defaulting Shareholder) may authorise some person to execute a transfer of the relevant Shares in favour of the Pension Scheme Trustees and the Company shall hold the purchase money in trust for the Defaulting Shareholder.
The Group's principal defined pension scheme is the Santander (UK) Group Pension Scheme and its corporate trustee is Santander (UK) Group Pension Scheme Trustees Limited (the "Pension Scheme The ongoing changes in the U.K. supervision and regulatory regime and particularly the implementation of the ICB’s recommendations may require the Group to make changes to its structure and business which could have an impact on its pension schemes or liabilities.
It is understood by the parties that the Pension Scheme Trustees will not be obliged to pay any moneys in order to acquire any Shares [or Loan Notes],17 whether by subscription, transfer or otherwise, and that any such Shares shall be fully paid and[, with any Loan Notes]18, gifted to them [(acting jointly in their capacity as trustees)].
For the purposes of this Clause 4.1 only, written consent shall include an e-mail sent from an authorised representative of the Pension Scheme Trustees or the PPF (as the case may be) to an authorised representative of the Company or a Director.
To notify Pension Scheme Trustees & corporate clients' pension services about changes to our service and to send data subject service emails relating to data subject account.