Share Entitlement definition

Share Entitlement means the calculation of the number of Shares to be issued each Offering Period pursuant to the terms of this Plan;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Share Entitlement means, as of the date of determination, any outstanding entitlement or right of any Person to be reflected in the register of members of the Company as the holder of any shares of share capital in the Company pursuant to the exercise of any Stock Option by such Person prior to the date of determination.

Share Entitlement means that number of Shares for which an Option is granted to an Eligible Employee in accordance with the Scheme, as stated in the Option Certificate relating to such Option; and

Examples of Share Entitlement in a sentence

• Upon an increase or decrease in such Beneficiary's Common Share Entitlement on Exchange, a corresponding number of Series 2 Special Voting Shares shall be issued or redeemed in accordance with Section 3.2(b) within five Business Days following the date that is 45 days after the fiscal quarter end immediately following such increase.

• If at any time there is a vote of stockholders of Napo, whether by written consent, or a stockholders meeting or in any other manner, NPIP shall exercise its vote(s) in the manner instructed by the Investor, the intent being that the Investor shall be entitled to vote those number of NPIP Napo Common Stock shares as equal to the Investor Share Entitlement.

• The Company shall provide to PubCo the details and manner of distribution of the PubCo Share Entitlement to be issued to employees of PubCo, the Company or its Subsidiaries at least ten (10) Business Days prior to the Closing Date.

• Cura-Can shall use its commercially reasonable efforts to cause the exercise of the Liquidity Event Option to be completed in such a way so as to allow Section 85 of the Tax Act to be applicable to the surrender of the Exchanged Shares and the transfer of the TCNC Share Entitlement.

• Notwithstanding anything mentioned herein to the contrary, in the event the Investor proposes to exercise the Exchange Right (as defined hereinafter) or to receive the Liquidity Amount or convert the OCRPSs (as the case may be), the Investor shall be entitled to such number of Napo India Series C Preferred Stock or Napo India Common Stock or Shares (assuming the Investor has executed all the required documents) equivalent to the Investor Share Entitlement.

• Except pursuant to Clauses 5(d)(i) and 7(e), so long as the Investor holds any NPIP Equity, NPIP shall not on its own accord Transfer the NPIP Napo Common Stock equivalent to the Investor Share Entitlement without the prior written consent of the Investor.

• The Board of Directors of each of TREL and BEL have determined the Share Entitlement Ratio as 1:3, based on their independent judgment and after taking into consideration the aforesaid Share Entitlement Report and Fairness Opinion (“Share Entitlement Ratio”).

• This pro rated sale of the Initial Shares shall apply to each successive sale of NPIP Napo Common Stock, such that when all the NPIP Napo Common Stock (but in no event required to be in excess of Investor’s Share Entitlement) is finally sold, then the Investor shall have no further NPIP Equity or any other rights in NPIP, or under this Agreement.

• Ekadrisht Capital Private Limited, holding Permanent registration - INM000013040, SEBI Registered Category 1 Merchant Bankers, to provide a fairness opinion on the Share Entitlement Ratio adopted under this Scheme.

• Immediately prior to closing of a Liquidity Event (the "Liquidity Event Closing"), Cura- Can shall register the surrender of the Exchanged Shares and shall immediately thereafter (but prior to the Liquidity Event Closing) cause TCNC to register on its books and records, the transfer of the TCNC Share Entitlement from Cura-Can's holdings of TCNC Shares to Sunniva.

More Definitions of Share Entitlement

Share Entitlement means the calculation of the number of shares to be issued each Offering Period pursuant to the Plan as detailed in Appendix A;

Share Entitlement means the New Ordinary Shares and Deferred Shares that each Scheme Creditor (other than Luxfer Group Limited) is entitled to receive in accordance with clauses 4.18 to 4.25 of this Noteholder Scheme;

Share Entitlement means 1 (one), subject to adjustment in accordance with the Potential Adjustment Event provisions, if deemed by the Issuer in accordance with the Equity Linked Condition 2.1 (Potential Adjustment Events).

Share Entitlement means, in respect of any Eligible Employee, that portion of the Share Allotment in respect of any Offering Period as determined in accordance with Section 8.1;

Share Entitlement means the entitlement to Preference Shares and Common Shares of each Claimant (other than as regards Trade Finance Debt and Samruk-Kazyna) with an Agreed Claim pursuant to the terms of the Restructuring Plan;

Share Entitlement means for each Nominal Amount, 5.3444 Shares; "Share Company" means SAP AG, subject to Product Condition 4;