Examples of Shareholder Consideration in a sentence
A shareholder's proposal shall be deemed a "Proper Matter for Shareholder Consideration" unless, pursuant to Rule 14a-8(c) promulgated under the Securities Exchange Act of 1934, as amended (or any similar or successor rule or regulation), the Corporation would be entitled to omit such proposal from its proxy statement for an annual meeting of shareholders had such proposal been timely submitted to the Corporation for consideration at such annual meeting of shareholders in accordance with Rule 14a-8.
Evaluation of our painting cycle (now at approximately 9 years), may give us a bit of breathing room if we can recognize some savings in materials and labor by reducing expense in this area.In addition to our operating budget, we need to consider Reserve Fund spending.
The Secretary of the Corporation promptly shall transmit such notice to the Board of Directors which shall, within sixty days following the date on which such notice is received by the Secretary, determine the sufficiency of the notice and whether any one or more of the shareholder's proposals constitutes a "Proper Matter for Shareholder Consideration" as set forth herein.
At any annual or special meeting of shareholders, proposals by shareholders (other than proposals of a shareholder calling a special meeting of shareholders pursuant to Article Tenth of the Corporation's Articles of Incorporation) shall be considered only if (a) such proposal is a "Proper Matter for Shareholder Consideration" as set forth herein, and (b) prior notice thereof has been timely given as provided herein.
At that time, Imperial and Skadden advised that, under such circumstances, any consideration made available to shareholders was in the nature of a "gift." Nonetheless, the Independent Committee believed that the $2.00 cash per share represented by the Releasing Shareholder Consideration was a fair and appropriate payment to public shareholders and conditioned its recommendation to the Board of any transaction with the Nussdorf Family on that amount being made available to shareholders.