Scheme Limit definition
Scheme Limit means the maximum size of the 2024 Scheme, being the maximum number of H Shares that will be acquired by the Scheme Trustee through on-market transactions from time to time at the prevailing market price with funds in the amount of not more than HK$2 billion, provided that the maximum number of H Shares to be so acquired by the Scheme Trustee shall be determined by the Board and/or the Delegatee and which shall in any event not render the Company unable to maintain the public float as required under the Listing Rules as modified by the waiver granted by the Stock Exchange upon the Listing
Scheme Limit means the maximum size of the Scheme, being the maximum number of H Shares that will be acquired by the Trustee through on-market transactions from time to time at the prevailing market price with funds in the amount of not more than HK$700 million
Scheme Limit means the maximum size of the 2021 Scheme, being the
Examples of Scheme Limit in a sentence
The FSCS will pay compensation to eligible depositors of up to a maximum of £85,000 (the current “Scheme Limit”) if we cannot meet our financial obligations to them (all eligible deposits across all of your OakNorth Accounts will be aggregated and the total will be subject to the Scheme Limit).
Any deposits you hold above the Scheme Limit are unlikely to be covered.
For joint Accounts each Account holder is treated as having a claim in respect of their share, so for a joint Account held by two eligible depositors, each depositor would have a claim up to the Scheme Limit and so the maximum amount that could be claimed in total would be twice the current Scheme Limit.
In some cases, eligible deposits which are categorised as “temporary high balances” are protected above the Scheme Limit for six months after the amount has been credited or from the moment when such eligible deposits become legally transferable.
The grant of RSUs will be satisfied by issuance of new Shares and/or transfer of treasury shares within the Scheme Limit.
More Definitions of Scheme Limit
Scheme Limit means the aggregate number of Shares underlying all grants that may be made pursuant to the Scheme (excluding Award Shares that have been forfeited in accordance with the Scheme), being 10% (i.e. 199,200,000 Shares) of the total number of issued Shares as at the Adoption Date
Scheme Limit has the meaning ascribed to it in paragraph 8;
Scheme Limit the sum specified (in writing) from time to time by the Bank, and any changes to that sum that are agreed by the Bank, being the maximum spending (including any Card Transactions not yet debited and any authorisations the Bank has given in respect of prospective Card Transactions) permitted per Billing Cycle by the Customer on all the Cardholder Accounts. Services: the facilities to be provided to the Customer and Cardholders under this Agreement, together with any other services associated with the Card that the Bank or any other member of the Lloyds Banking Group may make available to the Customer or to Cardholders from time to time. Statement: a monthly statement of the Business Account, setting out a record of the Card Transactions and Charges for each Cardholder Account.
Scheme Limit means the total number of Shares which may be issued upon exercise of all the Options granted under the Second HCML Share Option Scheme as set out in paragraph 9(a);
Scheme Limit means the aggregate number of Shares underlying all grants that may be made pursuant to the Scheme (excluding Award Shares that have been forfeited in accordance with the Scheme), being 10% (i.e. 199,200,000 Shares) of the total number of issued Shares as at the Adoption Date; “Scheme Rules” means the rules set out in the Scheme as amended from time to time; “Selected Participant(s)” means any Eligible Person approved for participation in the Scheme and who has been granted any Award; “SFC” means the Securities and Futures Commission of Hong Kong; “SFO” means the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong) (as amended from time to time); “Shareholder(s)” means the shareholders of the Company; “Share(s)” means ordinary shares of HK$0.01 each in the share capital of the Company, or, if there has been a sub-division, consolidation, re-classification or re-construction of the share capital of the Company, shares forming part of the ordinary share capital of the Company of such other nominal amount as shall result from any such sub-division, consolidation, re-classification or re-construction; “Stock Exchange” means The Stock Exchange of Hong Kong Limited; “Subsidiary” or “Subsidiaries” means any subsidiary (as the term is defined in the Listing Rules) of the Company; “Trust” means the trust constituted by the Trust Deed to service the Scheme; “Trust Deed” means the trust deed to be entered into between the Company and the Trustee (as may be restated, supplemented and amended from time to time); “Trustee” means the trustee appointed by the Company for the purpose of the Trust;
Scheme Limit the meaning ascribed to it in paragraph 7.6; “Scheme Mandate Limit” the meaning ascribed to it in paragraph 7.1; “Shareholder(s)” holder(s) of the Shares;
Scheme Limit shall have the meaning set out in Rule 15.1;