Examples of Section 16 Reporting Person in a sentence
In accordance with the authority granted under the Power of Attorney, including the power of substitution, the undersigned hereby appoints Nora Mulrooney as a substitute attorney-in-fact, on behalf of the Section 16 Reporting Person, with the power to act without any other and with full power of substitution, to exercise and execute all of the powers granted or conferred in the original Power of Attorney.
In accordance with the authority granted under the Original Power of Attorney, including power of revocation, the undersigned hereby revokes Nora Mulrooney's appointment as attorney-in-fact on behalf of the Section 16 Reporting Person.
In accordance with the authority granted under the Original Power of Attorney, including power of substitution, the undersigned hereby appoints Kay Foster as a substitute attorney-in-fact, on behalf of the Section 16 Reporting Person, with the power to act without any other and with full power of substitution, to exercise and execute all of the powers granted or conferred in the Original Power of Attorney.
In order to be eligible for this benefit, Employee must have had more than ten (10) years of continuous service to Employer or its affiliates as of the Termination Date or must immediately prior to the transaction giving rise to the change in control be a Section 16 Reporting Person.
Satisfaction of the Tax Liability of a Section 16 Reporting Person may be made by the method of payment specified in clause (iii) above upon satisfaction of such additional conditions as the Committee shall deem in its sole and absolute discretion as appropriate in order for such withholding of Option Shares to qualify for the exemption provided for in Section 16b-3 of the Exchange Act.
If the transaction is cleared to proceed, the News Corporation Legal Department will assist a Section 16 Reporting Person in complying with Section 16 and, where applicable, Rule 144 of the Securities Act of 1933, as amended.
Each Section 16 Reporting Person must ensure that his or her broker provides the Company with detailed information (trade date, number of shares, exact price) regarding every transaction involving the securities of the Company, including gifts, transfers, pledges and all Rule 10b5-1 transactions, both in connection with mandatory pre-clearance requirements for such Section 16 Reporting Persons and immediately following execution.
The prohibition against trading during the Black-Out Period also prohibits the fulfillment of “limit orders” by any broker for such Section 16 Reporting Person, Designated Individual or member of such person’s immediate family or household, and the brokers with whom any such “limit order” is placed must be informed of such prohibition at the time such “limit order” is placed.
Notwithstanding the foregoing, any allocation in to, or out of, the Company Stock Fund by a Section 16 Reporting Person shall require the prior approval of the Section 16 Committee.
If you are a Section 16 Reporting Person, you must ensure that your pre-cleared trade information is provided to Allianz Global Investors of America New York Office within one business day for filing.