Examples of Contingent Rights in a sentence
Example 16 – Contingent rights in a discretionary trust relating to a “residential property”Facts:Mr and Mrs S are the trustees of a discretionary trust known as S Trust which owns a residential property.
Contingent rights are specified as a volume per unit of time and only authorize the user to extract water once permanent rights have extracted their rights.
Contingent rights are rights to resources arising from contracts or agreements that will result in both an asset and revenue in the future.
Contingent rights to the allotment of Ordinary Shares in the Company at future dates exist under the terms of the Company’s Savings Related Share Option Scheme and its Executive Share Option Schemes.and fees£Benefits£profit share£2000£1999£ Options outstanding at the end of the yearDatesDetails of these options at 30 December 2000 are as follows: Executives M.J. Darrington 250,000 I.D. Gregg OBE68,000Option Scheme 5 after September 1996 Granted upon appointment to S.I.L. Elkin OBE 20,250 - - S.
Contingent rights are only accommodated if there is space after all firm rights are dealt with.