Sharesave Plan Sample Clauses

Sharesave Plan. The Awards granted under the Sharesave Plan which vested on 1 June 2023 will, unless they are exercised, subsist on their terms and may, subject to their terms, be exercised in full until their lapse date which falls six months after the vesting date. To the extent that Awards granted under the Sharesave Plan have not yet vested at the date of Court Sanction, they will vest and may, in accordance with the Sharesave Plan rules, be exercised to the extent that they vest, with effect from Court Sanction, following when any Awards granted under the Sharesave Plan (including those which have vested as at the date hereof) which are not exercised within 20 days of the Effective Date will lapse (save that this provision shall not extend the normal lapse date of any Award granted under the Sharesave Plan). The holders of the vested Awards described in this paragraph 3.2.7 will be invited to exercise their Awards with effect from Court Sanction and to sell their resultant Target Shares pursuant to the Scheme. The holders of the unvested Awards described in this paragraph 3.2.7 will be invited to: (a) exercise their Awards to the extent that they have vested, either: (i) with effect from Court Sanction and to sell their resultant Target Shares pursuant to the Scheme; or (ii) to exercise their Awards to the extent that they have vested at the latest possible time before they lapse and sell their resultant Target Shares pursuant to the Articles Amendment; and (b) to the extent they wish to do so, to transfer any Target Shares they acquire upon exercise of their Award to their spouse or registered civil partner, such Target Shares to be acquired by Bidco either under the Scheme or pursuant to the Articles Amendment.
Sample 1
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Sharesave Plan. The Offeror agrees it shall offer each holder of an outstanding option as at the Effective Date under the Sharesave Plan the opportunity to exchange his/her option over Company Shares for an equivalent option over Offeror Shares, each such option to be subject to the terms and conditions of the Sharesave Plan. The Offeror agrees to take all reasonable steps to ensure the exchange will be structured in such a way as to ensure that the tax-favourable status of all options is preserved. Options not so exchanged shall become exercisable following the Court Hearing and shall, to the extent not exercised, lapse six months thereafter.
Sample 1

Related to Sharesave Plan

  • Leave Plan Effective April the Hospital agrees to introduce a leave program, funded solely by the nurse, subject to the following terms and conditions:

  • Incentive Plan 23:01 Effective January 1, 2003, the basis on which any Incentive Plan payment is calculated will be modified. The modified plan will be based upon a 100% target payout of 2.5%, comprised of 1.75% District / Departmental targets and 0.75% Spectra Energy Earnings Per Share (EPS). Any Incentive Plan payout will be based upon the employee’s incentive eligible earnings which includes straight-time earnings, STD, vacation pay, holiday pay, paid personal days, overtime pay, and shift premiums. For clarity, any other forms of payment will not be included in the employee’s incentive eligible earnings. The rules and administration and payout formula of the Company’s Short Term Incentive Plan will apply to this Incentive Plan. The Incentive Plan for employees will be calculated on: ⮚ Operations District/Departmental targets - a sliding scale based on the achievement of the targets. The sliding scale starts at an achievement level of fifty (50%) percent each calendar year. Achievement below fifty percent (50%) in any calendar year results in no payout under this component of the Incentive Plan. At one hundred percent (100%) achievement level in a calendar year, the District / Department component of the Incentive Plan payment will be: • One and three-quarters percent (1.75%) of the employee’s incentive eligible earnings in each calendar year, or At the achievement level of one hundred and fifty percent (150%) or more in a calendar year, the maximum District / Department component of the Incentive Plan payment will be: • Two and five-eighths percent (2.625%) of the employee’s incentive eligible earnings in each calendar year. ⮚ Spectra Energy Earnings Per Share (EPS) - a sliding scale based on the achievement of the target EPS. The sliding scale starts at an achievement level of fifty (50%) percent each calendar year. Achievement below fifty percent (50%) in any calendar year results in no payout under this component of the Incentive Plan. At one hundred percent (100%) achievement level in a calendar year, the EPS component of the Incentive Plan payment will be: • Three-quarters percent (0.75%) of the employee’s incentive eligible earnings in each calendar year, or At the achievement level of two hundred percent (200%) or more in a calendar year, the maximum EPS component of the Incentive Plan payment will be: • One and one-half percent (1.50%) of the employee’s incentive eligible earnings in each calendar year. The District / Department and Spectra Energy Earnings Per Share targets will be established annually by the Company. Any applicable payment under this Incentive Plan will be paid by March 31, of the following calendar year.

  • Incentive Plans During the Term of this Agreement, Executive shall be entitled to participate in all bonus, incentive compensation and performance based compensation plans, and other similar policies, practices, programs and arrangements of the Company, now in effect or as hereafter amended or established, on a basis that is commensurate with his position and no less favorable than those generally applicable or made available to other executives of the Company. The Executive's participation shall be in accordance with the terms and provisions of such plans and programs. Participation shall include, but not be limited to:

  • Prescription Plan The PPO plan will include a comprehensive prescription 29 program:

  • 125 Plan The Board will maintain a Section 125 plan for premiums only in addition to a flexible account that includes eligible medical expenses and dependent care expenses with participating employees paying whatever the administrative charge is to run the 125 Plan.

  • Compensation Plan The Compensation Plan adopted by the City Council shall provide for salary schedules, rates, ranges, steps and any other special circumstances or items related to the total compensation paid employees. Each position within the classified services shall be allocated to its appropriate class in the classification plan on the basis of duties and responsibilities. Each class shall be assigned a salary range or a rate established in the salary plan. All persons entering the classified service shall be compensated in accordance with the salary plan then in effect.

  • SEB Plan The parties agree to establish and administer a Supplemental Employment Benefits Plan (the “Plan”) as follows:

  • LTD by its duly appointed Attorneys who state they have no notice of revocation of the Power of Attorney dated 5 February 1990 under which this Agreement is signed. ) ) ) ) ) ) )

  • Deferral Plan The deferral portion of the plan shall involve an employee spreading four (4) years' salary over a five (5) year period, or such other schedule as may be mutually agreed between the employee and the Hospital. In the case of the four (4) years' salary over a five (5) year schedule, during the four (4) years of salary deferral, 20% of the employee's gross annual earnings will be deducted and held for the employee. Such deferred salary will not be accessible to the employee until the year of the leave or upon the collapse of the plan. In the case of another mutually agreed upon deferral schedule, the percentage of salary deferred shall be adjusted appropriately.

  • Layoff Options An employee who is issued layoff notice shall elect one (1) of the following options within two (2) calendar weeks:

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