Employee Share Ownership Sample Clauses

The Employee Share Ownership clause establishes the terms under which employees may acquire shares in the company. Typically, this clause outlines eligibility criteria, the process for granting or purchasing shares, vesting schedules, and any restrictions on transfer or sale of shares. By providing employees with an ownership stake, the clause aims to align their interests with those of the company, incentivize performance, and promote long-term retention.
POPULAR SAMPLE Copied 1 times
Employee Share Ownership. During the term of this Agreement, and as part of its ongoing commitment to performance based remuneration and reward, Optus may, at its absolute discretion and on terms determined by it, make opportunities available to full time and part time employees to facilitate their share ownership in SingTel Limited.
View Source
Employee Share Ownership. The Seller Parties shall cause the Protector (as defined in each Trust Deed) of each Trust to (i) prior to or as of the Closing under the Merger Agreement, execute and deliver to the trustee of such Trust a written instruction and all other applicable documents, in such form as is reasonably requested by Buyer, as are required or necessary under the applicable Trust Deed to effect the treatment of the Equity Awards (as defined in the Merger Agreement) with respect to the Class A Shares held by such Trust in accordance with Section 2.02 of the Merger Agreement and (ii) execute and deliver all applicable documents, in such form as is reasonably requested by Buyer, as are required or necessary pursuant to the applicable Trust Deed to effect a replacement of the Protector, effective as of the Closing under the Merger Agreement, with person(s) designated by Buyer; provided that the Seller Parties shall be deemed to have complied with this Section 4.11 so long as the Seller Parties provide Buyer with proof of execution and delivery of such instruction and/or documents, and copies thereof, to the trustee of such Trust.
View SourceView Similar (2)
Employee Share Ownership. Subject to Board approval, the Shareholders agree to consider the adoption of an employee incentive stock option scheme, pursuant to the provisions of the applicable law of the Company's jurisdiction of organization or in the alternative the Board may approve a warrant type stock option plan. In such case, each of the Shareholders of the Company shall be diluted proportionately.
View SourceView Similar (2)
Employee Share Ownership. Subject to Board approval, the Partners agree to consider the adoption of an employee equity incentive option plan, pursuant to the provisions of the applicable law of the Company’s jurisdiction of organization. Any such plan shall include not more than 2,000,000 Units which may be granted to employees, outside researchers or consultants to the Company. The grant of any one award under the plan shall be limited to 5% of the outstanding Units of the Company up to the maximum of 2,000,000 Units.
View Source

Related to Employee Share Ownership

  • Share Ownership No officer or director or any direct or indirect beneficial owner (including the Insiders) of any class of the Company’s unregistered securities is an owner of shares or other securities of any member of FINRA participating in the Offering (other than securities purchased on the open market).

  • Company Ownership Company will own its respective right, title, and interest, including Intellectual Property Rights, in and to the Company Data. Company hereby grants BNYM a limited, nonexclusive, nontransferable license to access and use the Company Data, and consents to BNYM's permitting access to, transferring and transmitting Company Data, all as appropriate to Company's use of the Licensed Rights or as contemplated by the Documentation.

  • Employee Stock Purchase Plan The Company shall take all requisite action with respect to the Company’s 2000 Employee Stock Purchase Plan, as amended (the “Company ESPP”), to ensure that (i) all outstanding Company Purchase Rights (as defined in Section 4.02) will be exercised no later than three (3) Business Days prior to the Expiration Date, (ii) no Company Purchase Rights will be issued and outstanding as of the Expiration Date, (iii) conditioned upon the occurrence of the Closing, the Company ESPP will be terminated no later than the Effective Time, and (iv) no additional offering periods shall commence on or after the Expiration Date. The Company shall deliver to Parent prior to the Expiration Date sufficient evidence that the Company ESPP will be terminated as of the Effective Time, conditioned upon the occurrence of the Closing. In addition, prior to the Effective Time, the Company shall take all actions (including, if appropriate, amending the terms of the Company ESPP and the terms of any offering period(s) commencing prior to the Expiration Date) that are necessary to provide that, as of the Effective Time, participants and former participants in the Company ESPP shall cease to have any right or interest thereunder. Notwithstanding the foregoing, all actions taken and all amendments made pursuant to this Section 3.06 shall be taken or made in compliance with Sections 423 and 424 of the Code and so as not to result in a “modification” under such Sections. All Shares issued in connection with the exercise of the Company Purchase Rights shall be, at the Effective Time, converted into the right to receive the Merger Consideration in accordance with, and pursuant to, the terms and conditions of this Agreement.

  • Transfer of Employees At least three (3) regular work days' notice shall be given to the Union and the employees before workers are transferred from one reporting headquarters to another reporting headquarters. Upon failure to give three (3) days' notice, as stated above, the Employer shall pay one (1) additional day's subsistence for each day notice is not given, as defined in paragraph 5.2 to the existing shop headquarters. Where such penalty is applicable, it shall be based upon the headquarters from which the employee is being transferred. The notice of transfer required by this Section to be given to the Union shall be in writing to the Local Union's Business Office. The postmark date of such letter shall govern compliance. If the transfer is the result of the employee's request made through his/her ▇▇▇▇▇▇▇ or if no ▇▇▇▇▇▇▇ is available, the Business Representative, the reimbursement shall be waived.

  • Employee Stock Unless otherwise approved by the Board of Directors, including the Lead Preferred Director, all future employees and consultants of the Company who purchase, receive options to purchase, or receive awards of shares of the Company’s capital stock after the date hereof shall be required to execute restricted stock or option agreements, as applicable, providing for (i) vesting of shares over a four (4) year period, with the first twenty-five percent (25%) of such shares vesting following twelve (12) months of continued employment or service, and the remaining shares vesting in equal quarterly installments over the following thirty-six (36) months, and (ii) a market stand-off provision substantially similar to that in Subsection 2.11. In addition, unless otherwise approved by the Board of Directors, including the Lead Preferred Director, the Company shall retain a “right of first refusal” on employee transfers until the IPO and shall have the right to repurchase unvested shares at cost upon termination of employment of a holder of restricted stock.