Examples of RSU Merger Consideration in a sentence
As of the Effective Time, each holder of Company PSUs, Company RSUs or Company Restricted Shares shall cease to have any rights with respect thereto, except the right to receive the PSU Merger Consideration, RSU Merger Consideration or the Restricted Share Merger Consideration, as applicable, payable at the time and in the manner set forth in Section 2.02(c).
Parent shall cause the Surviving Corporation to pay the Company RSU Merger Consideration, without interest and less any required Tax withholdings, to the holder of the applicable Company RSU through its payroll at or reasonably promptly after the Effective Time (but in no event later than three (3) Business Days after the Effective Time).
At or prior to the Effective Time, Parent shall deposit and make available to the Exchange Agent the Merger Consideration to be paid in respect of the Certificates and the Uncertificated Shares (but not any Merger Consideration in respect of any Dissenting Shares as of the Effective Time or, for the avoidance of doubt, the Company Option Merger Consideration or the Company RSU Merger Consideration) (the “Exchange Fund”).
In order to receive the RSU Merger Consideration in accordance with this Section 3.3, an RSU Holder must provide the Company with an executed written consent to the treatment of such RSU Holder’s RSUs in accordance with this Section 3.3 prior to the Effective Time.
A similar liquidity profile is expected over the medium term, though remaining sensitive to the group’s asset allocation, noting a bias towards non-cash items, which accounted for 71% of the investment portfolio in FY20 (FY19: 79%).The insurer defended its market leader position in Benin, despite a consecutive 3% contraction in gross premiums, which slightly reduced the primary market share to 28% (FY19: 29%; FY18: 31%).
In the case of Company Share Awards, the holder of such Company Share Awards shall receive in exchange therefor the applicable PSU Merger Consideration or RSU Merger Consideration, as applicable, into which such Company Share Awards have been converted pursuant to this Section 2.04, to be paid through the payroll of the Surviving Company or its Affiliates on or as soon as practicable after the Closing Date and in no event later than five Business Days following the Closing Date.
Parent shall cause the Surviving Corporation to pay the RSU Merger Consideration, without interest thereon, at the Effective Time or as soon practicable thereafter (but in no event later than the date which is the later of (x) seven Business Days after the Effective Time and (y) the date of the Company’s first regularly scheduled payroll after the Effective Time).
At the Effective Time, Parent shall deposit and make available to the Exchange Agent the aggregate Merger Consideration to be paid in respect of the Certificates and the Uncertificated Shares (but not, for the avoidance of doubt, the Dissenting Shares, the Company Option Merger Consideration or the Company RSU Merger Consideration) (the “Exchange Fund”).
Prior to the Effective Time, the Company shall deliver to Parent a schedule setting forth (a) the Option Merger Consideration to be paid to the holders of Company Stock Options pursuant to Section 3.01(d), (b) the amount of Company Common Share Merger Consideration to be paid to holders of Restricted Shares pursuant to Section 3.01(b) and Section 3.01(e) and (c) the RSU Merger Consideration to be paid to holders of Restricted Stock Units pursuant to Section 3.01(f).
Parent, Merger Sub, the Company, the Surviving Corporation and the Exchange Agent shall each be entitled to deduct and withhold from the consideration otherwise payable to any Person pursuant to this Agreement (including the Stock Option Merger Consideration, the Restricted Stock Merger Consideration and the RSU Merger Consideration) such amounts as are required to be deducted and withheld with respect to the making of such payment under any applicable Tax Law.