Incentive Shares means an award of shares granted pursuant to Section XIII.
Dividend Shares means the shares of Common Stock issuable in payment of dividends payable on the Preferred Shares in accordance with the terms of the Certificate of Designation.
Coop Shares Shares issued by a Cooperative Corporation.
A Shares means a participating share of no par value in the capital of the Fund, denominated in US Dollars;
Common Shares means the common shares in the capital of the Company;
Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.
Unit Shares means the Common Shares comprising part of the Units;
Founders’ Shares means 1,000 shares with a par value of $1 per share, 500 of which were issued to MACRO Securities Depositor, LLC and 500 of which were issued to Claymore Securities, Inc., in exchange for the Initial Deposit.
Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.
Bonus Shares means Shares that are awarded to a Grantee without cost and without restrictions in recognition of past performance (whether determined by reference to another employee benefit plan of the Company or otherwise) or as an incentive to become an employee of the Company or a Subsidiary.
Earn-Out Shares has the meaning provided in Section 2.2(b).
B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);
Consideration Shares shall have the meaning set forth in Section 2.7(c).
Exchange Shares has the meaning set forth in Section 2.01(b).
Subscribed Shares means, as of any date of determination, the Subscribed Shares (as defined in the recitals to this Subscription Agreement) and any other equity security issued or issuable with respect to the Subscribed Shares by way of stock split, dividend, distribution, recapitalization, merger, exchange, or replacement, and (ii) “Subscriber” shall include any person to which the rights under this Section 5 shall have been duly assigned.
Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.
Converted Shares means the Subject Equity Shares resulting from the conversion of Restricted Voting Shares into the Subject Equity Shares pursuant to subparagraph (ii);
Note Shares means the shares of Common Stock issuable upon conversion of the Notes.
Purchased Shares has the meaning set forth in Section 2.01.
Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).
Company Shares has the meaning set forth in the Recitals.
Earnout Shares has the meaning set forth in Section 3.6(a).
Restricted Shares shall have the respective meanings set forth in Section 2.14.
Class C Shares means the shares of Class C common stock of the Company.
Subscription Shares has the meaning ascribed to it in Section 2.1.