Share Retention. Specified percentage Retention on every policy up to the Full Retention on a life.
Share Retention. (a) Employee agrees to retain 100% of (i) the shares currently owned by Employee, (ii) the shares acquired under Section 1, and (iii) the shares into which options owned by Employee are convertible, in each case, through December 31, 2018, subject, however, to the following. If Employee elects to exercise his options through a “cashless exercise”, Employee’s retained share requirement shall be reduced by that number of option shares retained by the Company in order to enable the cashless purchase of the Employee’s option shares and the withholding by the Company of the income taxes associated with such purchase.
Share Retention. Specified percentage Retention on every policy up to the Full Retention on a life. Reinsured Net Amount at Risk - The percentage of Automatic Reinsurance ceded to the Reinsurer as specified in Exhibit C or the percentage ceded as modified pursuant to the Facultative Reinsurance process times the remainder of (1) the Policy Net Amount at Risk less (2) the Retention on the policy.
Share Retention. Any Credit Party fails to comply with any of its obligations set forth in Section 6 (Share Retention) of the Guarantee and Sponsor Support Agreement.
Share Retention. Participant shall retain beneficial ownership of at least fifty percent (50%) of the Shares issued in connection with the vesting of this Award until such time as Participant is in compliance with the equity ownership guidelines that the Corporation from time to time establishes for its non-employee Board members. In no event may Participant sell or otherwise transfer beneficial ownership of more than fifty percent (50%) of the Shares issued to him or her under this Agreement, unless he or she is at the time of such sale or transfer in full compliance with the equity ownership guidelines in effect at that time for the non-employee Board members.
Share Retention. You agree to acquire and retain an ownership interest in Common Stock which is equal in value to three times the amount of your base salary in Paragraph 3(a). Shares counted for this purpose will consist of shares of Common Stock you own directly by whatever means acquired, shares under unvested RSUs that are subject only to time-based vesting, shares held in a 401(k) or similar plan, and shares acquired under the Company's Employee Stock Purchase Plan. You will have five years from your start date in which to meet this stock ownership threshold. If at any time thereafter, while you remain CEO of the Company, your aggregate share ownership as defined in this Paragraph 3(d) should fall below the threshold, you agree to retain shares as they vest and you acquire them, and not to sell any of your shares of Common Stock, until your share ownership exceeds the threshold. In the event of a termination of your employment, or a Change-in-Control (as defined in Paragraph 5(d)), this Paragraph 3(d) shall become inapplicable.
Share Retention the City shall maintain and retain the legal and beneficial ownership of such a number of issued shares of the Borrower so that its participation in the Borrower as at the date of this Deed is maintained; notwithstanding the foregoing and for the avoidance of any doubt, the City may sell, transfer, lease or otherwise dispose of any shares of the Borrower held by the City and may permit changes to the Borrower’s share capital provided that such sale, transfer, lease or disposal of shares and any such change to the Borrower’s share capital is carried-out for the purposes of the Regionalisation and it does not result in the decrease of the City’s participation in the Borrower to a level below 75 % of all the issued shares of the Borrower;
Share Retention. At all times during the period commencing on the Subscription Date and ending on the fifth anniversary thereof, for so long as the Investors, as a group, hold the legal and beneficial ownership of 10% or more of the total issued Shares on a fully-diluted basis (among others):
Share Retention. During the term of this Agreement the Sponsor shall not:
Share Retention. Specified percentage Retention on every policy up to the full Retention on a life. Recapture - The process by which the Ceding Company recovers the liabilities transferred to the Reinsurer. Reinsurer - A company which contractually assumes all or part of the Ceding Company’s Risk.
