Share Scheme Sample Clauses

A Share Scheme clause outlines the terms under which employees or other stakeholders may be granted shares or options in a company. Typically, it details eligibility criteria, the process for granting shares, vesting schedules, and any conditions or restrictions on the transfer or sale of shares. By clearly defining how and when shares are allocated, this clause incentivizes performance, aligns interests between the company and participants, and helps retain key personnel.
Share Scheme. The Company will propose a scheme of arrangement under which all the Scheme Shares are transferred to Unilife Corporation and Scheme Shareholders will be entitled to receive the Share Scheme Consideration.
Share Scheme. (a) CBH will propose the Share Scheme under which all of the Scheme Shares are transferred to Richview and Scheme Shareholders are entitled to receive the Share Scheme Consideration. (b) Subject to clause 4.6, ▇▇▇ and ▇▇▇▇▇▇▇▇, jointly and severally: (i) agree that the Share Scheme will not become effective; and (ii) undertake not to declare or suggest that the Share Scheme has been unconditional, until after the Note Scheme becomes Effective.
Share Scheme. Election mechanism (a) Anatolia must ensure that the Explanatory Booklet is accompanied by a form of election (Election Form) which provides for the matters set out in clause 4.2(b) under which each Anatolia Shareholder is requested to elect to receive the Scheme Consideration to which that Anatolia Shareholder is entitled in the form of: (i) New URI Shares; or (ii) CDI Shares (representing New URI Shares), to be held on (at the election of the Anatolia Shareholder, which election must also be provided for and requested in the Election Form): (A) the CHESS subregister; or (B) the issuer-sponsored subregister. (b) The Election Form shall provide that: (i) subject to clause 4.2(b)(vi), a Scheme Shareholder may make only one election in relation to a particular holding; (ii) subject to clause 4.2(b)(vi), any valid election will apply to all of the Scheme Shares held by the Scheme Shareholder as at the Record Date; (iii) a valid election may be made by a Scheme Shareholder by returning the Election Form before 7.00pm on the Record Date in writing to an address to be specified by Anatolia in the Explanatory Booklet; (iv) once made, a valid election by a Scheme Shareholder may be varied before 7.00pm on the Record Date; (v) if a valid election is not made by a Scheme Shareholder prior to 7.00pm on the Record Date, that Scheme Shareholder will be deemed to have elected to receive the Scheme Consideration in the form of CDI Shares, in respect of all Scheme Shares held by that Scheme Shareholder; and (vi) in the manner considered appropriate by Anatolia (acting reasonably), a Scheme Shareholder that holds one or more parcels of Scheme Shares as trustee or nominee for, or otherwise on account of, another person, may make separate elections in relation to each of those parcels of Scheme Shares. (c) Anatolia must ensure that, to the extent reasonably practicable, Anatolia Shareholders who acquire Anatolia Shares after the date of the despatch of the Explanatory Booklet and up until the Effective Date can receive an Election Form on request to Anatolia. (d) Anatolia must provide, or procure the provision, to URI of details of the final elections made by each Anatolia Shareholder, on the Business Day after the Record Date.
Share Scheme. The Executive will be invited to participate in the Company’s Executive Long Term Share Plan, as amended from time to time (“the Plan”), on such terms as may be agreed between the Company and the Executive. Any issue of shares pursuant to the Plan will be subject to shareholder approval. The Executive acknowledges having received a copy of the terms of the Plan current at the date of this agreement.
Share Scheme. 1. Subject as provided below, the Employer or Consultant will be eligible to participate in the Company’s or any Group Company’s discretionary share award scheme (the “Share Scheme”) as may be in place from time to time and subject to its rules. 2. The amount of any share award under the Share Scheme shall be purely discretionary and shall not form part of the Employer or the Consultant’s contractual remuneration under this agreement. Any share award shall be governed by the rules of the Share Scheme in place from time to time. 3. Entitlement to the vesting of any Share Award is conditional upon the term of this Agreement being in force (which for the avoidance of doubt shall include any periods under notice) on the date when the Share Award vests. The Employer and Consultant both acknowledge that the termination of this Agreement prior to the date of vesting of any Share Award shall not in any circumstance give rise to a claim by the Employer or the Consultant for compensation in lieu of such Share Award or compensation to cover the loss of opportunity to earn such Share Award.
Share Scheme. There are no adopted employee share incentive schemes (whether contractual or discretionary) applicable to any of the Employees and no award under any such scheme has been made to any of the Employees.
Share Scheme. Cytopia must propose a scheme of arrangement under which all of the Cytopia Shares held by Scheme Shareholders will be transferred to YM and each Scheme Shareholder will be entitled to receive the Scheme Consideration from YM for each Cytopia Share held at the Record Date.
Share Scheme. There are no share schemes (whether contractual or discretionary) applicable to any of the Transferring Employees.
Share Scheme any proposal that any bonus or profit-sharing scheme or any share option or share incentive scheme or employee share trust or share ownership plan be adopted;
Share Scheme. (a) Incannex must, as soon as reasonably practicable after the Execution Date, propose the Share Scheme to Incannex Shareholders on and subject to the terms and conditions of this deed and the Share Scheme. (b) If the Share Scheme becomes Effective, on the Implementation Date: (i) all of the Scheme Shares held by Share Scheme Participants on the Record Date will be transferred to US Holdco; and (ii) in exchange, each Share Scheme Participant will receive the Share Scheme Consideration in accordance with the terms of this deed, the Share Scheme and the Share Scheme Deed Poll.