Scheme Limit definition

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 2022 Scheme, being the

Scheme Limit has the meaning ascribed to it in paragraph 8;

Examples of Scheme Limit in a sentence

• No options may be granted under any schemes of our Company (or its subsidiaries) if this will result in the Option Scheme Limit being exceeded.

• For the purpose of calculating the Scheme Limit, options which have lapsed in accordance with the terms of the relevant scheme shall not be counted.

• The total number of ordinary shares which may be issued upon exercise of all options to be granted under the New Scheme and any other share option scheme of the Company shall not in aggregate exceed 10% of the ordinary shares in issue on the date of approval of the New Scheme (the “Scheme Limit”) or as at the date of the Shareholders’ approval of the refreshed Scheme Limit.

• The RSU Scheme Limit may be refreshed from time to time subject to prior approval from the Shareholders, but in any event the total number of Shares and Share Equivalents that may underlie the RSU Awards granted following the date of approval of the refreshed limit (the “New Approval Date”) under the limit as refreshed from time to time must not exceed 2.5% of the number of Shares in issue as of the relevant New Approval Date.

• Options lapsed in accordance with the Share Option Scheme will not be counted for the purpose of the Scheme Limit.

More Definitions of Scheme Limit

Scheme Limit means the maximum size of the 2022 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$2 billion, and in any event the maximum number of H Shares to be so acquired by the Trustee shall be determined by the Board and/or the Delegatee (pursuant to the authorization to be granted by the Shareholders) which shall not exceed 10% (including 10%) above the total number of H Shares acquired by the trustee of the 2021 Scheme in accordance with the instructions of the Company for the purpose of satisfying the awards granted thereunder

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 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. Switch: a request by the Customer to transfer to the Bank an account under which Cards had previously been issued to Cardholders by another bank, whether or not within the Lloyds Banking Group.

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 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 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 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 shall have the meaning set out in Rule 15.1;