Right to Receive Shares Sample Clauses

Right to Receive Shares. Subject to the terms of the Plan and the conditions set forth in this Agreement, the Restricted Stock Units awarded subject to this Agreement shall vest as follows:
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Right to Receive Shares. The number of RSUs granted under this Agreement (the “Target Number of RSUs”) represents a target number of Shares that may be earned, based upon satisfaction of the target performance goals as set forth in Appendix A (“Performance Goals”). The actual number of RSUs earned and vested may be greater or less than the Target Number of RSUs, or even zero, and will be determined based on the Company’s actual performance level achieved in accordance with Appendix A. Each earned and vested RSU represents the right to receive one share of Class A Common Stock of the Company (a “Share”) on the applicable settlement date. Unless and until the RSUs have vested, the Employee will have no right to payment of any such RSUs.
Right to Receive Shares. On the termination of the Unanimous Shareholder Agreement, each Deposit Receipt shall entitle the registered holder thereof, or his executors, administrators, legal personal representatives or successors, or his or their attorney duly appointed by an instrument in writing in form and execution satisfactory to the Depositary, as the case maybe, to certificates representing the number of Shares represented thereby on surrender of such Deposit Receipt, duly endorsed with signature guaranteed by a Canadian chartered bank, at the principal office of the Depositary in the City of Toronto.
Right to Receive Shares. At the first regular meeting of the Board following January 1, 2009, but not later than March 31, 2009, the Company shall grant Executive $1.5 million (subject to reduction pursuant to Section 4(c)(iii)(2)) in shares of the Company’s common stock (the “Shares”) pursuant to the Equity Plan, subject to the following restrictions and provisions: (1) The number of Shares shall be determined by dividing the award amount by the average per share closing price as reported by the NASDAQ Stock Market for the 30 days preceding the date of grant, rounded up to the nearest whole share. (2) The Company shall deliver the full $1.5 million in Shares if the Average Payout Percentage (defined below) is at 100% or greater. If the Average Payout Percentage is less than 100%, the award amount shall be determined by multiplying the actual payout percentage times $1.5 million. Executive will forfeit any payout under this Section 4(c)(iii) if the Average Payout Percentage is less than 50%. The “Average Payout Percentage” shall be determined by comparing the Company’s annual return on committed capital (“ROCC”) against the average annual ROCC of the companies in the S&P Mid Cap Index and the Company’s annual growth in net operating profit after taxes (“NOPAT”) against the average annual growth in NOPAT of the companies in the S&P Mid Cap Index, in each case, for each of the calendar years 2006, 2007, 2008. If the Company’s ROCC and NOPAT growth for such calendar year are at the 50th percentile for the same measures for the other companies in the S&P Mid Cap Index, the annual percentage for such calendar year shall be 100% (the “Annual Percentage”). If either of these measures are at less than or at greater than the 50% percentile for the same measure for the other companies in the S&P Mid Cap Index, the Annual Percentage shall be proportionately increased or reduced on the following weighted basis to determine the Annual Percentage: The calculation for each calendar year shall be weighted 70% on the ROCC comparison and 30% on the NOPAT growth comparison. Such Annual Percentages shall then be averaged to determine the final Average Payout Percentage. The parties acknowledge that the calculations for ROCC and NOPAT growth are intended to be made consistently with the calculations that the Company will make under the LTIP. If all of the data on the companies that comprise the S&P Mid Cap Index are not available, the Company may use the available data to compute the Average Payout Pe...

Related to Right to Receive Shares

  • Right to Reject The Department reserves the right to accept or reject all proposals, or separable portions thereof, and to waive any minor irregularity, technicality, or omission if the Department determines that doing so shall serve the Department’s best interests. The Department may reject any proposal not submitted in the manner specified by the solicitation documents.

  • Right to Refuse Employees have the right to refuse to undergo drug and alcohol testing. If an employee refuses to undergo drug or alcohol testing requested or required by the Employer, no such test shall be given.

  • Holder’s Right to Receive Notice Nothing herein shall be construed as conferring upon the Holders the right to vote or consent or to receive notice as a shareholder for the election of directors or any other matter, or as having any rights whatsoever as a shareholder of the Company. If, however, at any time prior to the expiration of the Purchase Warrants and their exercise, any of the events described in Section 8.2 shall occur, then, in one or more of said events, the Company shall give written notice of such event at least fifteen days prior to the date fixed as a record date or the date of closing the transfer books for the determination of the shareholders entitled to such dividend, distribution, conversion or exchange of securities or subscription rights, or entitled to vote on such proposed dissolution, liquidation, winding up or sale. Such notice shall specify such record date or the date of the closing of the transfer books, as the case may be. Notwithstanding the foregoing, the Company shall deliver to each Holder a copy of each notice given to the other shareholders of the Company at the same time and in the same manner that such notice is given to the shareholders.

  • Right to Relet If the Landlord elects to re-enter the Demised Premises as herein provided, or if it takes possession pursuant to legal proceedings or pursuant to any notice provided for by law, it may either terminate this Lease or it may from time to time without terminating this Lease make such alterations and repairs as are necessary in order to relet the Demised Premises or any part thereof for such term or terms (which may be for a term extending beyond the Term) and at such Rent and upon such other terms, covenants and conditions as the Landlord in its sole discretion considers advisable. Upon each such reletting all rent received by the Landlord from such reletting shall be applied first, to the payment of any indebtedness other than Rent due hereunder from the Tenant to the Landlord; second, to the payment of any costs and expenses of such reletting, including brokerage fees, and solicitor’s fees and of costs of such alterations and repairs; third, to the payment of Rent due and unpaid hereunder; and the residue, if any, shall be held by the Landlord and applied in payment of future rent as the same becomes due and payable hereunder. If such Rent received from such reletting during any month is less than that to be paid during that month by the Tenant hereunder, the Tenant shall pay any such deficiency which shall be calculated and paid monthly in advance on or before the first day of each and every month. No such re-entry or taking possession of the Demised Premises by the Landlord shall be construed as an election on its part to terminate this Lease unless a written notice of such intention is given to the Tenant. Notwithstanding any such reletting without termination the Landlord may at any time thereafter elect to terminate this Lease for such previous breach. If the Landlord at any time terminates this Lease for any breach, in addition to any other remedies it may have, it may recover from the Tenant all damages it incurs by reason of such breach, including the cost of recovering the Demised Premises, solicitor’s fees (on a solicitor and client basis) and including the worth at the time of such termination of the excess, if any, of the amount of Rent and charges equivalent to Rent required to be paid pursuant to this Lease for the remainder of the stated Term over the then reasonable rental value of the Demised Premises for the remainder of the stated Term, all of which amounts shall be immediately due and payable by the Tenant to the Landlord. In any events referred to in Section 11.1(e), in addition to any and all other rights, including the rights referred to in this Section and in Section 11.1(e), the full amount of the current month’s instalment of Additional Rent and any other payments required to be made monthly hereunder, together with the next three months instalments for Additional Rent, all of which shall be deemed to be accruing due on a day-to-day basis, shall immediately become due and payable as accelerated Rent, and the Landlord may immediately distrain for the same, together with any arrears then unpaid.

  • Right to Receive Advice (a) Advice of the Fund. If PFPC is in doubt as to any action it should or ------------------ should not take, PFPC may request directions or advice, including Oral Instructions or Written Instructions, from the Fund.

  • Right to Rescind You have the right to rescind this Agreement within three (3) business days of your receipt of this Agreement by contacting Starion at: 0-000-000-0000; xxxxxx@xxxxxxxxxxxxx.xxx; or P.O. Box 845, Middlebury, CT 06762.

  • Right to request 7.4.4(a) An employee entitled to parental leave pursuant to the provisions of 7.4.2 may request the employer to allow the employee:

  • Right to Revoke Employee may revoke this Agreement by notice to Company, in writing, received within seven (7) days of the date of its execution by Employee (the “Revocation Period”). Employee agrees that Employee will not receive the benefits provided by this Agreement if Employee revokes this Agreement. Employee also acknowledges and agrees that if Company has not received from Employee notice of Employee’s revocation of this Agreement prior to the expiration of the Revocation Period, Employee will have forever waived Employee’s right to revoke this Agreement, and this Agreement shall thereafter be enforceable and have full force and effect.

  • Right to Purchase Section 11.23

  • Right to Receive Documentation a. Periodic Statements. Transfers and withdrawals made through any ATM or POS terminal, debit card transactions, audio response transactions, preauthorized EFTs, online/PC transactions, mobile access device transactions or xxxx payments you make will be recorded on your periodic statement. You will receive a statement monthly unless there is no transaction in a particular month. In any case, you will receive a statement at least quarterly.

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