Excluded Holder definition

Excluded Holder means (a) any Person who at the time this Plan was adopted was the beneficial owner of 20% or more of the outstanding Common Stock; or (b) the Company, a Subsidiary or any Employee Benefit Plan of the Company or a Subsidiary or any trust holding Common Stock or other securities pursuant to the terms of an Employee Benefit Plan.

Excluded Holder has the meaning specified in Section 11.05.

Excluded Holder has the meaning specified in Section 1005.

Examples of Excluded Holder in a sentence

• We will indemnify and hold harmless each holder of Notes (other than an Excluded Holder) and upon written request reimburse each such holder for the amount of (x) any taxes so levied or imposed and paid by such holder as a result of payments made under or with respect to the Notes, and (y) any taxes levied or imposed and paid by such holder with respect to any reimbursement under (x) above, but excluding any such taxes on such holder’s net income or capital.

• If you are a Custodian, you may contribute a maximum of $30,000 in applying for SPP Shares for each participating beneficiary (that is not an Excluded Holder) on whose behalf you or a downstream custodian holds Shares (but joint holders are taken to be a single holder).

• Dilution If you do not exercise the Options, because either you sell those Options on market, because you allow those Options to expire without being exercised, or you do not receive Options because you are an Excluded Holder, and other investors exercise their Options, your shareholding will be diluted.

• You are an Eligible Shareholder if you are a registered holder of Shares on the Record Date with a registered address in Australia unless you are an Excluded Holder.

• If you do not exercise the Bonus Options, because either you sell those Bonus Options on market, because you allow those Bonus Options to expire without being exercised, or you do not receive Bonus Options because you are an Excluded Holder, and other investors exercise their Bonus Options, your shareholding will be diluted.

More Definitions of Excluded Holder

Excluded Holder means a Holder of a Covered Bond of this Series or Coupon relating thereto who is subject to taxes by reason of his having some connection with the Relevant Jurisdiction other than the mere holding of a Covered Bond of this Series or Coupon as a non-resident of such Relevant Jurisdiction;

Excluded Holder has the meaning specified in Section 10.05.

Excluded Holder has the meaning ascribed thereto in Section 2.22(a);

Excluded Holder has the meaning specified in Section 1009.

Excluded Holder has the meaning ascribed to such term in Section 2.6.1;

Excluded Holder means a Holder of a Covered Bond of such Series or Coupon relating thereto who is subject to taxes by reason of his having some connection with the Relevant Jurisdiction other than the mere holding of a Covered Bond of such Series or Coupon as a non- resident of such Relevant Jurisdiction. “Relevant Jurisdiction” means and includes Canada, its provinces or territories and the jurisdiction in which the new Branch of Account is located, and “taxes” means and includes any tax, duty, assessment or other governmental charge imposed or levied in respect of the payment of the principal of the Covered Bonds of such Series or interest thereon for or on behalf of a Relevant Jurisdiction or any authority therein or thereof having power to tax.

Excluded Holder means any Person who acquires Constructive Ownership of Common Shares solely by reason of the Transfer of Common Shares in the Distribution and who, immediately following the Distribution, Constructively Owns Common Shares in excess of the Ownership Limit solely by reason of such Transfer of Common Shares in the Distribution.