Common use of OWNERSHIP OF QUALIFYING SHARES Clause in Contracts

OWNERSHIP OF QUALIFYING SHARES. As a condition of this award of Restricted Matching Shares, Participant hereby certifies that he owns, as of the Date of Grant, a number of Qualifying Shares that is at least equal to the number of Restricted Matching Shares set forth in Article II. The term "Restricted Qualifying Shares" shall refer to the number of Qualifying Shares owned by Participant on the Date of Grant that is equal to the number of Restricted Matching Shares set forth in Article II. For purposes of this Agreement and notwithstanding any other provision in this Agreement to the contrary, Common Shares owned by Participant's Spouse shall be deemed to be owned by Participant for as long as Participant's Spouse owns such Common Shares, without regard to the marital status of Participant and Participant's Spouse after the Date of Grant.

Appears in 4 contracts

Samples: Executive Share Matching Restricted Share Agreement (Core Laboratories N V), Executive Share Matching Restricted Share Agreement (Core Laboratories N V), Executive Share Matching Restricted Share Agreement (Core Laboratories N V)

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OWNERSHIP OF QUALIFYING SHARES. As a condition of this award of Restricted Matching Shares, Participant hereby certifies that he owns, as of the Date of Grant, a number of Qualifying Shares that is at least equal to the number of Restricted Matching Shares set forth in Article II. The term "Restricted Qualifying Shares" shall refer to the number of Qualifying Shares owned by Participant on the Date of Grant that is equal to the number of Restricted Matching Shares set forth in Article II. For purposes of this Agreement and notwithstanding any other provision in this Agreement to the contrary, Common Shares owned by Participant's Spouse shall be deemed to be owned by Participant for as long as Participant's Spouse owns such Common Shares, without regard to the marital status of Participant and Participant's Spouse after the Date of GrantQualifying Date.

Appears in 1 contract

Samples: Executive Share Matching Restricted Share Agreement (Core Laboratories N V)

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