Common use of Calculation of Earned Shares Clause in Contracts

Calculation of Earned Shares. As of the Date of Gxxxx identified above, the Company grants to you, subject to the terms and conditions set forth herein and in the Plan, the opportunity to receive the product of (i) the Eligible Shares and (ii) the "Aggregate Vesting Percentage" as calculated under Section 3, such product the "Earned Shares". If the application of this Section 2(a) results in a fractional Earned Share, the number of Earned Shares shall be rounded up to the nearest whole Share.

Appears in 9 contracts

Samples: Restricted Stock Unit Award Agreement (Garmin LTD), Restricted Stock Unit Award Agreement (Garmin LTD), Restricted Stock Unit Award Agreement (Garmin LTD)

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Calculation of Earned Shares. As of the Date of Gxxxx Xxxxx identified above, the Company grants to you, subject to the terms and conditions set forth herein and in the Plan, the opportunity to receive the product of (i) the Eligible Shares and (ii) the "Aggregate Vesting Percentage" as calculated under Section 3, such product the "Earned Shares". If the application of this Section 2(a) results in a fractional Earned Share, the number of Earned Shares shall be rounded up to the nearest whole Share.

Appears in 7 contracts

Samples: Restricted Stock Unit Award Agreement (Garmin LTD), Restricted Stock Unit Award Agreement (Garmin LTD), Restricted Stock Unit Award Agreement (Garmin LTD)

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Calculation of Earned Shares. As of the Date of Gxxxx identified above, the Company grants to you, subject to the terms and conditions set forth herein and in the Plan, the opportunity to receive the product of (i) the Eligible Shares and (ii) the "Aggregate Vesting Percentage" as calculated under Section 3, such product the "Earned Shares". If the application of this Section 2(a) results in a fractional Earned Share, the number of Earned Shares shall be rounded up to the nearest whole Share.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Garmin LTD), Restricted Stock Unit Award Agreement (Garmin LTD), Restricted Stock Unit Award Agreement (Garmin LTD)

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