Conversion to Shares. The Confirmed Units shall automatically convert to Shares on the Vesting Date (the “Conversion Date”). These Shares will be registered on the books of the Company in your name as of the Conversion Date. If for any reason the Committee is unable to certify the level of achievement of the Performance Goals by March 15 following the end of the Performance Period, then the Vesting Date shall be March 15 following the end of the Performance Period, but the determination of the number of Confirmed Units and the Conversion Date shall be delayed, in the discretion of the Committee, for such period as may be required for the Committee to certify the level of achievement of the Performance Goals, but in no event shall the Conversion Date extend beyond December 31 following the end of the Performance Period.
Conversion to Shares. The Units that vest (i) upon the Vesting Date, or (ii) in the case of a Change in Control, the Units that vest on the date of your Termination of Employment in accordance with Section 3(a) or the effective date of a Change in Control in accordance with Section 3(b) (each, a “CIC-Related Vesting Date”) will be converted to Shares on the Vesting Date or the CIC-Related Vesting Date, as applicable. The Shares will be registered in your name as of the Vesting Date or the CIC-Related Vesting Date, as applicable, and certificates for the Shares (or, at the option of the Company, statements of book entry notation of the Shares in your name in lieu thereof) will be delivered to you or your designee upon your request as soon as practicable after the Vesting Date or the CIC-Related Vesting Date, as applicable, but no later than sixty (60) days following the Vesting Date or the CIC-Related Vesting Date, as applicable.
Conversion to Shares. (a) For awards provided under Section 2(a), the vested Units will be converted (one Share per Unit) to actual Shares subject to the attainment of the goals set forth on Exhibit A attached hereto. Such conversion shall occur as soon as practicable after the Committee’s certification of the Company’s achievement over the Performance Period of the goals set forth on Exhibit A.
(b) For an award provided under Section 2(b) the Units that vest will be converted (one Share per Unit) to actual Shares immediately prior to the consummation of the Change of Control, enabling the Grantee to receive the same consideration for such Shares as received by the other common stockholders of the Company as a result of the Change of Control. Shares will be registered on the books of the Company in Grantee’s name as of the date they are converted, and shall be delivered to Grantee as soon as practical thereafter, in certificated or uncertificated form. Any Units that are not converted in accordance with the terms of this Certificate will be forfeited and reconveyed to the Company without further consideration or any act or action by Grantee.
Conversion to Shares. Vested Restricted Stock Units will be converted on the vesting date to actual Shares, and will be registered in the Grantee’s name on the books of the Company as of that date.
Conversion to Shares. Subject to the following sentence, the Units that vest will be converted to actual Shares (one Share per vested Unit) as soon as practicable after the Vesting Date (the “Conversion Date”), but in no event later than December 31 of the year in which the Vesting Date occurs. Shares will be registered on the books of the Corporation in Grantee’s name as of the Conversion Date and delivered to Grantee as soon as practical thereafter, in certificated or uncertificated form, as Grantee shall direct.
Conversion to Shares. Any Units vested as provided in Section 3 above will be converted to Shares on the Vesting Date. Such Shares will be registered on the books of the Company in Participant’s name as of the Vesting Date and delivered to Participant (or Participant’s estate or legal representative, as the case may be) as soon as practical thereafter, but no later than March 15 of the year following the year in which the Vesting Date occurs. Such delivery shall be in certificated or uncertificated form, as Participant (or Participant’s estate or legal representative, as the case may be) shall direct.
Conversion to Shares. Except as otherwise provided herein, the Confirmed Performance Units will be converted to actual unrestricted Shares (one Share per Confirmed Performance Unit) on the Conversion Date, provided that Grantee has remained in Continuous Status as a Participant through the Conversion Date. These shares will be registered on the books of the Company in Xxxxxxx’s name as of the Conversion Date and stock certificates for the Shares shall be delivered to Grantee or Xxxxxxx’s designee upon request of Grantee. Notwithstanding the foregoing, if Xxxxxxx’s Continuous Status as a Participant is terminated during the Performance Period by reason of death or Disability, then (A) the number of Performance Units earned shall be determined by multiplying (i) the Target Award, by (ii) a fraction, the numerator of which is the number of days in the Performance Period preceding the date of the termination due to death or Disability and the denominator of which is [insert number of days in Performance Period], and (B) any such earned Performance Units shall convert to Shares on the date of Grantee’s termination of Continuous Status as a Participant. If Xxxxxxx’s Continuous Status as a Participant is terminated during the Performance Period for any reason other than death or Disability, and except as otherwise provided in Section 6(b) hereof, then Grantee’s Performance Units will be forfeited and reconveyed to the Company without further consideration or any act or action by Grantee.
Conversion to Shares. At the option of the Holder, this Bond, or any portion of the outstanding Principal Amount which equals $100,000 or any integral multiple thereof, may be converted at any time from the date hereof until the full repayment of the outstanding Principal Amount, into a number of fully paid Ordinary Shares of the Company, of NIS 0.01 nominal value each (the "Convertible Bond Shares"), that is equal to the quotient obtained by dividing such Principal Amount by the Conversion Price, as defined below, in effect at the time of conversion. The price at which each Convertible Bond Share shall be issued upon conversion (the "Conversion Price") shall be $0.85. The Conversion Price shall be subject to proportionate adjustment in the event that issuance of bonus shares, stock dividends, stock splits, combinations, reclassifications, or similar capitalization events are affected by the Company after the date hereof and before the conversion, by multiplying the Conversion Price by a fraction, of which the numerator shall be the number of Convertible Bond Shares receivable upon the conversion of this Bond immediately prior to such adjustment, and of which the denominator shall be the number of Convertible Bond Shares so receivable immediately thereafter. Whenever the Conversion Price shall be adjusted pursuant to the provisions hereof, the Company shall provide written notice to the Holder setting forth, in reasonable detail, the event requiring the adjustment, the method by which such adjustment was calculated, and the new Conversion Price after giving effect to such adjustment (the "Adjustment Certificate"). The Adjustment Certificate shall be signed, and the accuracy of the adjustment of the Conversion Price confirmed, by the Company's Chief Executive Officer and an independent firm of certified public accountants of recognized international standing the Company selects at its own expense. In order to exercise the conversion right, the Holder shall surrender this Convertible Bond, duly endorsed in blank, at the Company's office, accompanied by a written notice to the Company, in the form attached hereto as Attachment A, of his election to convert this Convertible Bond or, if less than the entire Principal Amount hereof then outstanding is to be converted, the portion thereof to be converted. As promptly as practicable after surrendering this Convertible Bond as aforesaid, but in any event within five (5) business days, the Company shall issue to the Holder the Convertibl...
Conversion to Shares. Unless the Units are forfeited prior to the Vesting Date as provided in Section 2 above, the Units will be converted to Shares on the later of (i) the Vesting Date, or (ii) if required by Code Section 409A and Treasury regulations and guidance with respect to such law, the six-month anniversary of Grantee's separation from service (the "Conversion Date"). Shares of Stock will be registered on the books of the Company in Grantee's name as of the Conversion Date and delivered to Grantee as soon as practical thereafter, in certificated or uncertificated form.
Conversion to Shares. The Units that vest will be converted to actual Shares (one Share per vested Unit) as soon as practicable after the Committee's certification of the Company's achievement over the Performance Period of the Total Shareholder Return goals set forth on Exhibit A (the "Conversion Date"). Shares will be registered on the books of the Company in Grantee's name as of the Conversion Date and delivered to Grantee as soon as practical thereafter, in certificated or uncertificated form.
