Restricted Shares definition

Restricted Shares shall have the respective meanings set forth in Section 2.14.

Restricted Shares means the shares of Stock underlying a Restricted Stock Award that remain subject to a risk of forfeiture or the Company’s right of repurchase.

Restricted Shares means an Award of Shares under Section 5(d) that may be subject to certain restrictions and to a risk of forfeiture.

Examples of Restricted Shares in a sentence

• Notwithstanding any provision of the LTIP or the Award Agreements to the contrary, sixty-one thousand, seven hundred seventy-three (61,773) unvested Restricted Shares shall not be forfeited as of the Separation Date and shall continue to vest in accordance with the vesting schedules set forth in the Award Agreements as though the Individual’s employment had not terminated on the Separation Date (the “Continuing Restricted Shares”).

• The Individual shall retain all Restricted Shares which were vested as of immediately before the Separation Date (the “Vested Shares”).

• The Individual’s obligations under this paragraph shall not apply to, and the Individual may retain copies of, (a) the Employment Agreement, the LTIP, and the Award Agreements, (b) personnel, benefit, or payroll documents concerning only her, and (c) documents related to her ownership of the Company’s common stock or the retention of the Vested Shares and the Continuing Restricted Shares.

• Sixteen thousand four hundred forty-eight (16,448) of the remaining Restricted Shares from the Award Agreements dated October 9, 2023 and April 15, 2024 shall be automatically forfeited effective as of the Separation Date.

More Definitions of Restricted Shares

Restricted Shares means Shares granted or sold pursuant to Section 8 as to which neither the substantial risk of forfeiture nor the prohibition on transfers referred to in such Section 8 has expired.

Restricted Shares or “Restricted Stock” means shares of Common Stock awarded to a Participant under this Plan, subject to payment of such consideration, if any, and such conditions on vesting (which may include, among others, the passage of time, specified performance objectives or other factors) and such transfer and other restrictions as are established in or pursuant to this Plan and the related Award Agreement, for so long as such shares remain unvested under the terms of the applicable Award Agreement.

Restricted Shares means Common Stock subject to restrictions imposed in connection with Awards granted under Article VII.

Restricted Shares means Shares, granted under Article 8, that are both subject to forfeiture and are nontransferable if the Grantee does not satisfy the conditions specified in the Award Agreement applicable to such Shares.

Restricted Shares means shares of Common Stock granted or sold pursuant to Section 6 of this Plan as to which neither the substantial risk of forfeiture nor the prohibition on transfers referred to in such Section 6 has expired.

Restricted Shares means Common Shares granted or sold pursuant to Section 6 of this Plan as to which neither the substantial risk of forfeiture nor the prohibition on transfers has expired.

Restricted Shares means Common Shares granted or sold pursuant to Section 6 of this Plan as to which neither the substantial risk of forfeiture nor the restrictions on transfer referred to in Section 6 hereof has expired.