SPAU definition
SPAU means a stock price appreciation unit granted pursuant to the Stock Price Appreciation Unit Plan;
SPAU means a right to receive from the Company cash in an amount equal to the excess of the Market Value of a Share on the date of exercise of a SPAU over the Market Value of a Share as of the date of the grant of such SPAU;
SPAU has the meaning set forth in Section 11.1.
Examples of SPAU in a sentence
The Alcan Equity Compensation Plans are the following: o Alcan Executive Share Option Plan ("AESOP"); o Total Shareholder Return Plan ("TSRP"); o Stock Price Appreciation Unit - Suisse ("SPAU"); o Deferred Stock Unit Plan ("DSUP"); o Restricted Stock Unit ("RSU"); and o Employee Performance Award ("EPA").
In addition to any other restrictions under Section 190 of the CBCA, none of the following shall be entitled to exercise Dissent Rights: (i) holders of Options, SARs, SPAU, PSUs and DSUs and (ii) Shareholders who vote or are deemed to have instructed a proxyholder to vote, in favor of the Arrangement Resolution.
More Definitions of SPAU
SPAU means a stock price appreciation unit granted pursuant to the Stock Price Appreciation Unit Plan; “Stock Price Appreciation Unit Plan” means the Company’s Stock Price Appreciation Unit Plan; “Subsidiary” means, with respect to a Person, any other Person of which securities or other ownership interests having ordinary voting power to elect a majority of the board of directors or other Persons performing similar functions, or a majority of the outstanding voting securities of which, are at the time owned directly or indirectly by such Person; “Superior Proposal” means any bona fide written Acquisition Proposal made after the date hereof by a third party that was not solicited in breach of Section 5.04 and that if consummated would result in such Person (or its stockholders) owning, directly or indirectly, more than 50% of the Common Shares then outstanding or more than 50% of the assets of the Company on a consolidated basis, which the Board of Directors of the Company determines, acting in good faith and after consultation with its financial advisors and outside legal counsel, taking into account all financial, legal, regulatory and other aspects of such proposal (including any break-up fee, expense reimbursement provisions, due diligence and other conditions to consummation and financing terms, including the committed status thereof) and the Person making the proposal, to be more favorable to the Shareholders from a financial point of view than the Transactions; “Superior Proposal Agreement” has the meaning given to it in Section 5.04; “Superior Proposal Recommendation” has the meaning given to it in Section 5.04;