ERI. 1. In order to receive a retirement incentive payment, each retiring member must complete the school year and retire at the end of the school year (June 30) and must submit to the Superintendent evidence of eligibility for the retirement incentive from STRS not later than April 15 of the year of retirement. Members retiring mid-year will not be eligible to receive a retirement incentive payment. Members must have ten (10) or more years’ service in Athens City Schools to receive a retirement incentive payment. All retirement incentive payments will be paid in January of the calendar year following the member’s retirement.
ERI. ERI is an exempt private company limited by shares which is incorporated in Singapore in 2005. As at the date of the Sale and Purchase Agreement, ERI has an issued and paid-up share capital of S$750,000, comprising 750,000 ordinary shares. Mr Xxx Xx Xxx (who is the Chief Executive Officer and Managing Director and Shareholder of the Company and son of LTK) and Ms Xxxxxx Xxx (who is an Executive Director of the Company and daughter of LTK), each holds approximately 33.3% shareholding interest in ERI. The remaining approximately 33.3% of shareholding interest in ERI is held by the immediate family of LTK, Mr Xxx Xx Xxx and Ms Xxxxxx Xxx. Accordingly, XXX, being an associate of each of LTK, Mr Xxx Xx Xxx and Ms Xxxxxx Xxx, is an interested person and the Proposed Acquisition would constitute an interested person transaction under Chapter 9 of the Listing Manual. Mr Xxx Xx Xxx and Ms Xxxxxx Xxx are also directors of ERI.
