Withdrawable Shares definition

Withdrawable Shares means shares with the associated right for the Member to withdraw and receive in return the value of their shares from the Co-operative;
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Withdrawable Shares means ESOP Shares which are attributable to employee contributions and are subject to the withdrawal provisions of Section 7.13 of the ESOP.
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Examples of Withdrawable Shares in a sentence

  • Where the provisions of these Rules require that the Co-operative issue Loan Stock or the Co-operative decided to issue Loan Stock that Loan Stock shall be issued so that the holder receives the same interest at that time being paid on Withdrawable Shares unless the Board resolve otherwise.

  • Advance Assurance has been given by HMRC for the Withdrawable Shares and for the activity of constructing a 5MW solar array near the village of Chelwood, Bath and North East Somerset.

  • Wood, P.E. Project Engineer 3901 Hartzdale Drive Suite 101 Camp Hill, PA 17011 All submissions shall be delivered to the offices of Barton & Loguidice, D.P.C. at the address listed above no later than 4:00p.m. local prevailing time, on March 18, 2022.

  • Different rates may be paid, graduated according to the amount of sharecapital in the Society held by a Member, or on the basis of other terms and conditions applying to Withdrawable Shares.

  • Shares issued to a person upon their becoming a member of the Credit Union are termed Withdrawable Shares and are disclosed as deposits in the financial statements.

  • Fourth, where sufficient profits are available for withdrawing shares from members, the Board may in its absolute discretion withdraw shares from the remaining Members equally pro-rata their holdings of Withdrawable Shares, so long as the holdings do not fall below the minimum number of shares required by these Rules.

  • The Society may set the terms of any invitation to subscribe to Withdrawable Shares which should be clearly laid out in an offer Document and may allot to Members the Shares for which they have applied provided that the total number of Shares allotted to any Member shall not exceed the maximum shareholding permitted by law.

  • This is to allow the business to get off the ground.▪ Interest is paid as a proportion of money invested.▪ The maximum that can be invested is £33,000 or 10% of the total money raised by the share offer, whichever is the greater.▪ Community Shares are also called Withdrawable Shares.

  • The Society abides by a Code of Best Practice for Withdrawable Share Capital (WSC) that requires it (amongst other things) (a) to ensure that members are fully informed as to the nature of WSC and the risks attached to it, and (b) to provide a statement to members of the nature of their holding of WSC (including Suspended Withdrawable Shares) and any change affecting it.

  • Interest rates are reviewed regularly and are subject to change for new Suspended Withdrawable Shares.

Related to Withdrawable Shares

  • Withdrawable means shares with the associated right for the Member to withdraw and receive in return the value of their shares from the Society;

  • Available Shares means the sum of (i) one hundred fifty thousand (150,000) shares of Common Stock, and (ii) an annual increase on April 1st of each calendar year, beginning in 2022 and ending in 2031 (each a “Date of Determination”), in each case subject to the approval and determination of the Administrator on or prior to the applicable Date of Determination, equal to the lesser of (A) four percent (4%) of the total shares of Common Stock of the Company outstanding on the last day of the immediately preceding fiscal year and (B) such smaller number of shares as determined by the Administrator (the “Share Limit”). Notwithstanding the foregoing, shares added to the Available Shares by the Share Limit are available for issuance as Incentive Stock Options only to the extent that making such shares available for issuance as Incentive Stock Options would not cause any Incentive Stock Option to cease to qualify as such. In the event that the Administrator shall not take action to affirmatively approve an increase in the Share Limit on or prior to the applicable Date of Determination, the Share Limit and Available Shares, shall remain at such level as they were prior to such applicable Date of Determination. For clarity, the Available Shares is a limitation on the number of shares of Common Stock that may be issued pursuant to the Plan.

  • Participating Shares means shares that entitle their holders to participate without limitation in distributions.

  • Sponsor Shares shall have the meaning given in the Recitals hereto.

  • Withdrawal Notice shall have the meaning given in Section 2.1.6.

  • Controlled Shares in reference to any person means all shares of the Company directly, indirectly or constructively owned by such person as determined pursuant to Section 958 of the Code.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Excess Shares shall have the meaning set forth in Section 3.1(a).

  • Rights Offering Shares means, collectively, the shares of New Common Stock issued in the Rights Offering.

  • Withdrawal Value means a Participant's Account Value minus the applicable Withdrawal Charge. (transfer from GRA VII SBR,MBR/GRA III SBR,MBR -- Series I) (original GRA VII NBR/GRA VI NBR -- Series I) P-13099(SBR)(MBR)(NBR)conv.4

  • Offering Shares means the shares of Common Stock issued to the Purchasers pursuant to the Subscription Agreements, and any shares of Common Stock issued or issuable with respect to such shares upon any stock split, dividend or other distribution, recapitalization or similar event with respect to the foregoing.

  • Partial Entitlement Share(s) shall have the respective meanings set forth in Section 2.12.

  • Other Available Shares means, as of any date, the sum of:

  • Excess Stock means Excess Stock as defined in Section 7.4 of the Company's Amended and Restated Articles of Incorporation.

  • VMTP Shares means Variable Rate MuniFund Term Preferred Shares, $0.00001 par value per share, liquidation preference $100,000 per share plus an amount equal to accumulated but unpaid dividends thereon (whether or not earned or declared), of the Trust. The preferences, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption of each series of VMTP Shares are set forth in the VMTP Shares Statement.

  • Depositary Shares means Depositary Shares, each representing 1/1,000 of a share of Stock and evidenced by a Receipt.

  • Escrowed Shares has the meaning set forth in Section 2.4.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Full Entitlement Share(s) shall have the respective meanings set forth in Section 2.12.

  • Class B Common Shares means shares of the Class B Common Stock, par value $.01 per share, of the Company.

  • Withdrawal means any measure aimed at preventing a product in the supply chain from being made available on the market;

  • Pre-Funded Warrant Shares means the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants.

  • Remaining Shares shall have the meaning set forth in Section 2.03(a).

  • Withdraw “Withdrawing” or “Withdrawal” means the resignation of a Member from the Company as a Member. Such terms shall not include any Dispositions of Membership Interests (which are governed by Article IV), even though the Member making a Disposition may cease to be a Member as a result of such Disposition.

  • Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.

  • Investor Shares shall have the meaning given in the Recitals hereto.