Company Restricted Share Sample Clauses
The Company Restricted Share clause defines the terms and conditions under which certain shares issued by the company are subject to restrictions, such as limitations on transfer, vesting schedules, or forfeiture provisions. Typically, these shares may be granted to employees or founders as part of an incentive plan, with restrictions that lapse over time or upon meeting specific performance milestones. The core function of this clause is to align the interests of recipients with the long-term success of the company while protecting the company from premature share transfers or departures.
Company Restricted Share. “Company Restricted Share” means a restricted share of Company Common Stock issued pursuant to any of the Company Stock Plans that remains unvested.
Company Restricted Share. “Company Restricted Share” shall mean each Class A Share that is unvested or is subject to a repurchase option or obligation, risk of forfeiture or other condition under any applicable restricted share purchase agreement or other Contract with the Company or under which the Company has any rights, whether granted by the Company pursuant to the Company Equity Plans, assumed by the Company in connection with any merger, acquisition or similar transaction or otherwise issued or granted.