Sovintel definition
Examples of Sovintel in a sentence
The Company Shares shall be issued to the Investor by the Company in partial consideration for the sale by the Investor of the Sovintel Interest to Teleross and SFMT pursuant to the Ownership Interest Purchase Agreement.
In connection with the transfer by Investor of approximately 21.5% ownership of OOO EDN Sovintel, a limited liability company duly registered and existing under the Laws of the Russian Federation, to SFMT-CIS, Inc., a Delaware corporation, the Company desires to grant to Investor certain registration rights with respect to an aggregate of 4,024,067 shares of common stock of the Company.
The salary shall be paid to the Employee in accordance with the “Regulation on the Amounts, Systems and Forms of Labor Remuneration of Staff Employees of EDN Sovintel LLC” and shall consist of a fixed part (basic pay) and a variable part..
In the event that you terminate your employment with Sovintel other than for the reasons set forth in Section 3.03 of the Plan, Stock Appreciation Rights granted hereunder shall expire and thus be rendered not exercisable by you or as appropriate (subject to the limitations herein on beneficiary designation), your beneficiary, on the thirty-first (31st) day following the effective date of the termination of your employment.
Award Not a Service Contract: Your Stock Appreciation Rights Award is not an employment or service contract, and nothing in your Award shall be deemed to create in any way whatsoever any obligation on your part to continue in the employ of Sovintel or a subsidiary, or of Sovintel or a subsidiary to continue your employment.
Sovintel Surety Agreement..........................................................................8 4.15.
Pursuant to Article 2 of the Interest Purchase Agreement, the Seller hereby confirms to OOO EDN Sovintel that the Seller has agreed to sell, assign and transfer [one-half] of the Interest to TeleRoss and [one-half] of the Interest to SFMT, subject to the terms and conditions set forth in the Interest Purchase Agreement and certain other agreements entered into in connection therewith.
Notwithstanding anything to the contrary in the Plan or in this Award Agreement, to the extent that Sovintel is advised by legal counsel that payment pursuant to the beneficiary designation in this Award Agreement would violate applicable Russian Federation law, Sovintel shall, with respect to such payment, follow the law of the Russian Federation which applies to property of a descendent when no beneficiary has been made.
Sovintel Receivables Agreement.....................................................................8 4.14.
Vesting of the Time Vesting portion of the SAR Award shall vest incrementally in accordance with the schedule set forth above on each one year anniversary of the Date of Grant, provided that you continue to be employed by Sovintel as of each such anniversary date.