Examples of Reinvestment Shares in a sentence
Reinvestment Shares are held in the registered account for the Shareholder and are calculated to three decimal places.
He has been saying consistently for years that Close Brothers and the Trustees failed to update the Plan documentation to reflect the agreed practice.
As promptly as practicable upon the determination of the Final Award, the Company shall notify Participant of the number of Shares to be issued in connection with the Final Award, including Distribution Reinvestment Shares, as defined below, provided that the Committee and the Company shall bear no liability for any delay in such notification.
In connection with the determination of the Final Award, the Company shall recalculate the final number of Distribution Reinvestment Shares, if any, deliverable to the Participant by assuming that, in the foregoing equation, on each such payment date, (a) equals the Final Award (expressed as the number of Shares to which such Award is equivalent).
Except with respect to such pro-rated portion of the Final Award and the Dividend Reinvestment Shares associated therewith, the Participant shall have no other or further rights to Performance Share Units, Dividend Reinvestment Shares, Shares or Deferred Shares under this Agreement.
The Performance Share Units, Shares and Dividend Reinvestment Shares are subject to adjustment as provided in Section 3 of the Plan.
All Reinvestment Shares issued or transferred under the DRP will be registered on a register, including a subregister, of shareholders selected by the Company, being a register on which the participant already holds shares.
Distribution Reinvestment Shares in connection with such Final Award shall be calculated as provided in Section 3 through the last day of the Participant’s employment.
All Reinvestment Shares shall, from the date of their issue, rank pari passu with all other ordinary shares of the same class in the capital of the Company.
Subject to the terms of the Plan, and any elective deferral pursuant to Section 5 of this Agreement, within 2½ months following the year in which the Performance Period ends and the Final Award is no longer subject to a substantial risk of forfeiture, the Company shall distribute to Participant the number of Shares comprising the Final Award and the number of Distribution Reinvestment Shares calculated as provided in Section 3.