Incentive Share definition

Incentive Share means a Share awarded pursuant to Article 12.

Incentive Share means a share of Common Stock awarded to a Key Participant under Article VI hereof on such terms as are determined by the Committee.

Incentive Share means an award of shares granted pursuant to Section 11 below.

Examples of Incentive Share in a sentence

• To the extent that Incentive Share Options are first exercisable by a Participant in excess of such limitation, the excess shall be considered Non-Qualified Share Options.

• During a Participant’s lifetime, an Incentive Share Option may be exercised only by the Participant.

• The Participant shall give the Company prompt notice of any disposition of Shares acquired by exercise of an Incentive Share Option within (i) two years from the date of grant of such Incentive Share Option or (ii) one year after the transfer of such Shares to the Participant.

• No Award of an Incentive Share Option may be made pursuant to this Plan after the tenth anniversary of the Effective Date.

• Notwithstanding the provisions of this Section 3.1(b), no Shares may again be optioned, granted or awarded if such action would cause an Incentive Share Option to fail to qualify as an incentive share option under Section 422 of the Code.

More Definitions of Incentive Share

Incentive Share means Shares of the Company intended to meet the definition of a “profits interest” in I.R.S. Revenue Procedures 93-27 and 2001-43. To the extent any Incentive Shares fail to meet the definition of a “profits interest,” neither the Company nor any other Member shall have any liability to the recipient of such Incentives Share with respect to such failure.

Incentive Share means that percentage of the Cash Distributions and Warrants awarded to each Participant.

Incentive Share will represent an Interest in the Company, will be designated as an Incentive Share of the Company and will be entitled to the distributions provided for such Shares in Section 6.6 and Article VIII. Shares may be reserved for issuance pursuant to a Company equity incentive plan for managers, officers or employees of, consultants to or other Persons that provide services to the Company and/or any of its Affiliates pursuant to agreements with such individuals, which shall be in a form and substance satisfactory

Incentive Share meansthat percentage of the Cash Distributions and Warrants awarded to each Participant.

Incentive Share means the Incentive Share (as such term is defined in the Company Operating Agreement).

Incentive Share means an award of shares granted pursuant to

Incentive Share means a share of the Company’s common shares awarded (or to be awarded) to an Independent Director as an “Incentive Share” pursuant to a shareholder-approved equity compensation plan of the Company.