Share Ownership Commitment Sample Clauses
The Share Ownership Commitment clause requires certain parties, typically key employees or founders, to maintain a specified level of ownership in the company for a defined period. This clause may stipulate that these individuals cannot sell, transfer, or otherwise dispose of their shares below a set threshold, and may include exceptions for specific events such as death or disability. Its core practical function is to ensure alignment of interests between key stakeholders and the company, promoting stability and investor confidence by preventing sudden changes in ownership structure.
Share Ownership Commitment. Executive agrees to comply with any applicable share ownership requirements or guidelines adopted by the Company applicable to Executive, which shall be on the same terms as similarly situated executives of the Company.
Share Ownership Commitment. You also agree to comply with any applicable share ownership requirements adopted by the Company, as may be amended from time to time, which shall require you to hold Company shares to the extent that January 13, 2014 ▇▇. ▇▇▇▇▇▇ ▇▇▇▇-Onn Page 3 of 12 share ownership is required for similarly situated executives of the Company; provided, however, you hereby agree that, notwithstanding such requirements, you hereby agree that your minimum share ownership requirement, determined in accordance with the Company’s share ownership requirements and held by you or any Permitted Transferee (as defined in the award agreement applicable to your 2014 performance-based restricted share unit grant) shall be $10,000,000.
Share Ownership Commitment. You also agree to comply with any applicable share ownership requirements adopted by the Company, as may be amended from time to time, which shall require you to hold Company shares to the extent that share ownership is required for similarly situated employees of the Company, which you acknowledge that, as a member of the E-EMT, is two times the sum of your base salary and annual bonus target.