Shareholder Trust definition
Examples of Shareholder Trust in a sentence
Notwithstanding the provisions of Section 1 or Section 7 hereof, a Shareholder may transfer Shares to a trust created by the Shareholder (“Shareholder Trust”), provided that such a Shareholder Trust enters into an agreement with the Company acknowledging the existence of this Agreement and agreeing that any disposition of the Shares by the Shareholder Trust (including any transfers to beneficiaries) will be made in compliance with the terms and conditions of this Agreement.
The Voting Trustee shall hold the same subject to the terms of this Agreement and shall thereupon issue and deliver to the Shareholder Trust Certificates, for the number of Trust Shares so deposited.
Voting Stock Trust and the ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Voting Stock Trust hereby formally join the Agreement as signatories and agree to be bound by the terms and conditions of the Agreement as Shareholders, effective as of the date each such Shareholder Trust received a transfer Shares from a Shareholder.
At the Closing, the Buyer and the Company will deposit in the Foreign Shareholder Trust for the benefit of each Foreign Shareholder, 30% of the consideration to be received by such Foreign Shareholder from the Buyer and the Company at the Closing in accordance with the terms and conditions hereof.
Name of Purchaser: L5 Irrevocable Shareholder Trust Name of Authorized Signatory: J▇▇▇▇ ▇.
Unless consented to by Purchaser in advance or required by Legal Requirements, prior to the Closing, the Company and ▇▇▇▇▇▇▇ shall keep this Agreement strictly confidential and may not make any disclosure of this Agreement to any Person (except those Persons identified in the definition of "Knowledge" in Section 1 herein, and except for those attorneys, accountants, and investment bankers providing advice to the Company, ▇▇▇▇▇▇▇, and the Shareholder Trust in connection with the Contemplated Transactions).
This Joinder joins Holder to the Shareholder Agreement (the “Agreement”), dated as of November 20, 2014, by and among Acquiror, Insurance Agency Shareholder, Trust Preferred Security Holder, Shareholder and Individual (each, as defined in the Agreement), for purposes of Sections 13–19 thereof.
No agent, broker, investment banker, financial advisor or other firm or person is entitled to any brokerage, finder’s, financial advisor’s or other similar fee or commission for which Purchaser or Sub could become liable in connection with the transactions contemplated by this Agreement as a result of any action taken by or on behalf of the Holder, the Shareholder Trust or any of its Affiliates or beneficiaries.
Any deposit into the Foreign Shareholder Trust to be made on behalf of a Foreign Shareholder shall be made by wire transfer in accordance with the wire instructions set forth on Schedule 1.5 attached hereto.
At any time after the Closing, if any payment is to be made pursuant to Section 1.9, or any amount is to be released from escrow by the Escrow Agent pursuant to the Escrow Agreement, to a Foreign Shareholder, the Company, the Buyer and the Escrow Agent (as applicable depending on the party making such payment or entitled to direct to release of any such amount), shall deposit, 100% of such amount in the Foreign Shareholder Trust for the benefit of such Foreign Shareholder.