Examples of Employee Shareholder in a sentence
If any Employee Shareholder ceases to be an employee of the Company, for any reason whatsoever, then the Employee Shareholder is no longer qualified to hold their Employee Shares and, immediately upon the cessation of their employment, the Employee Shareholder shall be deemed to have served a transfer notice in accordance with subclause 8.1 of the ADLS Constitution in relation to all of their Employee Shares.
Unless otherwise agreed in writing by all the Parties, each Employee Shareholder may only continue to hold Employee Shares if that Employee Shareholder remains an employee of the Company.
The cost of such appraisal shall be shared equally by the Major Employee Shareholder and the Company (or the Series D-1 Investors, as the case may be), with the half of the cost borne by the Company and the Series D-1 Investors borne pro rata by each based on the number of shares such parties were interested in purchasing pursuant to this Section 2.
In addition, the PEO offered workers special privileges through participating in the Employee Share-holder Association (ESA).
The owner pays wages and benefits to its employees who must all be union members.2. Employee Shareholder CompaniesThese requirements are the same except for the role of the company’s owner, who in this case performs work under the union bargained agreements.