Sole Beneficial Owner definition

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Sole Beneficial Owner means a person who is the beneficial owner of Covered Shares, who does not share beneficial ownership of such Covered Shares with any other person (other than pursuant to this Agreement or applicable community property laws) and who is the only person (other than pursuant to applicable community property laws) with a direct economic interest in the Covered Shares. An economic interest of the Company as pledgee shall be disregarded for this purpose.

Sole Beneficial Owner means a person who is the beneficial owner of Covered Shares, who does not share beneficial ownership of such Covered Shares with any other person (other than pursuant to this Agreement, the Non-Competition Agreement or applicable community property laws) and who is the only person (other than pursuant to applicable community property laws) with a direct economic interest in the Covered Shares. An economic interest of the Company (or of any other person with respect to which the Company has expressly agreed to in writing) as pledgee shall be disregarded for this purpose. A Covered Person that holds Covered Shares indirectly through a wholly-owned personal holding company shall be considered the “Sole Beneficial Owner” of such Covered Shares, provided that such personal holding company is a Covered Person hereunder.

Examples of Sole Beneficial Owner in a sentence

Each Covered Person shall at all times be the Sole Beneficial Owner of all Covered Shares beneficially owned by such Covered Person as of or prior to the IPO Date, except as provided herein.
Until the Transferability Date, you shall not be deemed to be the Sole Beneficial Owner (as defined in the Shareholders’ Agreement) of the Short-Term Restricted Shares (and therefore until the Transferability Date such Shares shall not be counted toward the satisfaction of the Transfer Restrictions (as defined in the Shareholders’ Agreement)).
By executing this Agreement, each Covered Person and ▇▇▇▇ Holdings acknowledge and agree that such Covered Person shall at all times be deemed to be the Sole Beneficial Owner of such Covered Person’s Covered Shares from the Award Date until the Transfer Date (such requirements with respect to ownership of Covered Shares, collectively, the “Transfer Restrictions”).
Each person who becomes a Covered Person following the IPO Date agrees that such person shall be the Sole Beneficial Owner of at least 5,000 Class A Common Shares by no later than the third anniversary of the date such person became a Covered Person, and further agrees to be the Sole Beneficial Owner of such 5,000 Class A Common Shares for so long as such person remains an Employee Covered Person.
Each Covered Person agrees for the benefit of every other Covered Person that such Covered Person shall at all times be the Sole Beneficial Owner of all Covered Shares beneficially owned by such Covered Person as of or prior to the IPO Date (such requirements with respect to ownership of Covered Shares, collectively, the “Transfer Restrictions”).

More Definitions of Sole Beneficial Owner

Sole Beneficial Owner means a person who is the beneficial owner of Covered Shares, who does not share beneficial ownership of such Covered Shares with any other person (other than pursuant to these Articles of Association, the Non-Competition Agreement or applicable community property laws) and who is the only person (other than pursuant to applicable community property laws) with a direct economic interest in the Covered Shares. An economic interest of the Company (or of any other person with respect to which the Company has expressly agreed to in writing) as pledgee shall be disregarded for this purpose. A Covered Person that holds Covered Shares indirectly through a wholly-owned personal holding company shall be considered the “Sole Beneficial Owner” of such Covered Shares, provided that such personal holding company is a Covered Person hereunder. In respect of Covered Shares held a personal holding company or a trust structure, the share register shall refer both to the legal entity or trust, respectively, as the legal owner and record owner of the Covered Shares and the beneficial owner(s) of the legal entity or trust, respectively.

Sole Beneficial Owner means a person who is the beneficial owner of Covered Shares, who does not share beneficial ownership of such Covered Shares with any other person (other than pursuant to these Bye-Laws, the Non-Competition Agreement or applicable community property laws) and who is the only person (other than pursuant to applicable community property laws) with a direct economic interest in the Covered Shares. An economic interest of the Company (or of any other person with respect to which the Company has expressly agreed to in writing) as pledgee shall be disregarded for this purpose. A Covered Person that holds Covered Shares indirectly through a wholly-owned personal holding company shall be considered the “Sole Beneficial Owner” of such Covered Shares, provided that such personal holding company is a Covered Person hereunder.

Sole Beneficial Owner means, as at the date of determination, the beneficial owner of 100 per cent. of the interests in the Notes outstanding as at such date.

Sole Beneficial Owner means, as at the date of determination, the beneficial owner of all of the Notes on such date.

Sole Beneficial Owner means, as at the date of

Sole Beneficial Owner means a person who is the beneficial owner of shares of Common Stock, who does not share beneficial ownership of such shares of Common Stock with any other person (other than pursuant to this Agreement or applicable community property laws) and who is the only person (other than pursuant to applicable community property laws) with a direct economic interest in such shares of Common Stock. The interest of a spouse or a domestic partner in a joint account, and an economic interest of the Company as pledgee, shall be disregarded for this purpose. (dd) “Special Transfer Restrictions” shall have the meaning ascribed to such term in Section 2.1(b) hereof. (ee) “Specified Tax Rate” shall mean the rate determined from time to time by the Shareholders’ Committee (or any person authorized thereby), in its sole discretion, to be applicable to the calculation of Covered Shares. (ff) “Stock Incentive Plan” shall mean The ▇▇▇▇▇▇▇ Sachs Amended and Restated Stock Incentive Plan adopted by the Board of Directors of GS Inc. on January 16, 2003 and approved by the stockholders of GS Inc. on April 1, 2003, as amended or supplemented from time to time, and any predecessors or successors to such Plan.