rand value means the total estimated value of a contract in Rand, calculated at the time of bid invitation, and includes all applicable taxes;
Fiscal Year means the fiscal year of the Company.
Fair Market Value means, as of any date, the value of Common Stock determined as follows:
Change of Control means the occurrence of any of the following:
Trading Day means a day on which the principal Trading Market is open for trading.
Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.
Common Stock means the common stock of the Company.
Interest Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Payment Date and each successive period beginning on (and including) an Interest Payment Date and ending on (but excluding) the next succeeding Interest Payment Date.
Participant has the meaning specified in Section 10.06(d).
Material Adverse Effect shall have the meaning assigned to such term in Section 3.1(b).
GAAP means generally accepted accounting principles in the United States of America in effect from time to time.
Commencement Date means the date of this Agreement.
Bid means a written offer in a prescribed or stipulated form in response to an invitation by an organ of state for the provision of goods or services, through price quotations, advertised competitive bidding processes or proposals;
Unit and “Quality” means the unit and quantity specified in the schedule.
Group the Company and its subsidiaries
Day means calendar day.
Effective Date has the meaning set forth in the preamble.
Interest Payment Date when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security.
Administrator means the Board or any of its Committees as will be administering the Plan, in accordance with Section 4 of the Plan.
Consumer means any person who is supplied with electricity for his own use by a licensee or the Government or by any other person engaged in the business of supplying electricity to the public under this Act or any other law for the time being in force and includes any person whose premises are for the time being connected for the purpose of receiving electricity with the works of a licensee, the Government or such other person, as the case may be;
Parent means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.
Disability means total and permanent disability as defined in Section 22(e)(3) of the Code.
Individual means a natural person.
Closing Date has the meaning set forth in Section 2.2.
Child means a person under the age of 18 years;
Family member means spouse, father, mother, child, father-in-law, mother-in-law, daughter-in-law or son-in-law.