Restricted Share Plan Sample Clauses
A Restricted Share Plan is a provision that grants company shares to employees or other participants, subject to certain restrictions such as vesting periods or performance conditions. Typically, recipients cannot sell or transfer these shares until specific requirements are met, such as remaining with the company for a set period or achieving defined performance targets. The core function of this clause is to incentivize long-term commitment and align the interests of participants with those of the company, while also protecting the company from immediate share dilution or loss of key personnel.
Restricted Share Plan. As of the Closing, the Purchaser shall establish a discretionary restricted share unit pool consisting of [***] Purchaser Shares under a restricted share plan (the “Restricted Share Plan”) to be established by the Purchaser to be used for purposes of retaining and incentivizing key employees of the Companies, the Subsidiaries and the Group Companies who are employed by such Persons as of the Closing (the “Key Employees”). Grants of restricted Purchaser Shares under the Restricted Stock Plan shall be made by the Purchaser substantially contemporaneously with the date of the Closing to those Key Employees who are selected by the Purchaser, with consent of the Seller acting reasonably, to participate in the Restricted Stock Plan.
Restricted Share Plan. In accordance with the rules of the 2004 Equity Incentive Plan, all shares of Restricted Stock granted to the Employee will be forfeited on the Termination Date.
Restricted Share Plan. Grant of Restricted Awards
Restricted Share Plan. The award under the Restricted Share Plan will, to the extent it has not previously vested, vest to the extent permitted by the terms on which the award was granted and any applicable performance conditions on the Effective Date.