Compensatory Shares definition

Compensatory Shares means Shares that are awarded to a Grantee without cost and without restrictions either as a bonus, in lieu of cash compensation for services rendered to the Company or for any other compensatory purpose.
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Compensatory Shares shall have the meaning set forth in the recitals hereof.
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Examples of Compensatory Shares in a sentence

  • Whenever Compensatory Shares are distributed to the Employee under Section 3(c) below, the Employee shall also be entitled to receive, with respect to each Compensatory Share distributed, an amount equal to any cash dividends and a number of shares of Common Stock equal to any stock dividends declared and paid with respect to a share of Common Stock after the date the relevant Compensatory Shares were awarded.

  • The Employee may file a written request with the Corporation to have the Compensatory Shares distributed, as soon as practicable, in the form of a transfer to the Employee of Common Stock subject to forfeiture of any portion thereof which does not become vested under the applicable vesting provisions hereunder.

  • All of the Compensatory Shares not otherwise distributed to Employee hereunder shall be voted by the Company as directed by the Employee.

  • Except as provided in Section 3(c)(2) below, the Corporation shall distribute Compensatory Shares and accumulated cash from dividends and interest, if any, to the Employee or her Beneficiary, as the case may be, as soon as practicable after they have been earned.

  • Except as provided in Section 3(c)(2) below, the Corporation shall distribute Compensatory Shares and accumulated cash from dividends and interest, if any, to the Employee or his Beneficiary, as the case may be, as soon as practicable after they have been earned.

  • The Compensatory Shares shall be earned and non-forfeitable by the Employee at the rate of one-fifteenth per year until April 11, 2012.

  • The Compensatory Shares awarded hereunder shall be earned and non-forfeitable by the Employee at the rate of one-fifteenth per year until April 11, 2012.

  • The Committee may grant Compensatory Shares to any Eligible Person.

  • In its sole and absolute discretion, the Board may, at any time, with respect to the Employee, accelerate the vesting schedule according to which the Employee's Compensatory Shares become earned and become non-forfeitable by the Employee, if the Board concludes that it is in the best interests of the Company to do so.

  • Notwithstanding the general rule contained in Section 3(a)(1) above, all Compensatory Shares held by the Employee at the date of the termination of Employee's service with the Company due to death, disability (as determined by the Board), or the termination of her employment "without cause" under the provisions of Section 10(d) of this Agreement, shall be deemed earned and fully vested as of such date and shall be distributed as soon as practicable thereafter.

Related to Compensatory Shares

  • Merger Shares has the meaning set forth in Section 2.2(c).

  • Company Stock Plans has the meaning set forth in Section 3.02(b).

  • Company Options means any options to purchase shares of Company Common Stock, whether granted pursuant to any of the Company Stock Plans or otherwise.

  • Compensatory Time means time off with pay for authorized overtime worked in lieu of salary or wages, calculated in accordance with Article 22 of this Contract.

  • Common Shares means the common shares in the capital of the Corporation;

  • Primary Shares means at any time the authorized but unissued shares of Common Stock or shares of Common Stock held by the Company in its treasury.

  • Company Shares means the common shares in the capital of the Company;

  • Company Stock Plan means any stock option plan or other stock or equity-related plan of the Company.

  • Company Share Plans means, collectively, (i) the 2018 Share Incentive Plan of the Company, which replaced the Company’s 2010 Share Incentive Plan in its entirety, and (ii) the Post-IPO Share Incentive Plan of the Company.

  • Company RSUs means any restricted stock units granted under any of the Company Equity Plans.

  • Parent Stock Plans has the meaning set forth in Section 4.5(a).

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Equity Shares shall have the meaning attributed to such term in the recitals of this Agreement;

  • SpinCo Shares means the shares of common stock, par value $0.01 per share, of SpinCo.

  • Parent Stock Plan has the meaning set forth in Section 6.2(a).

  • Buyer Preferred Stock means the preferred stock, par value $0.001 per share, of Buyer.

  • Shares means the shares of Common Stock issued or issuable to each Purchaser pursuant to this Agreement.

  • Company Stock means, collectively, the Company Common Stock and the Company Preferred Stock.

  • sweat equity shares means equity shares issued by a company to its employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called;

  • Amalco Shares means the common shares in the capital of Amalco;

  • New Ordinary Shares means the new Ordinary Shares arising on Conversion of the C Shares;

  • Converted Shares means the Subject Equity Shares resulting from the conversion of Limited Voting Shares into the Subject Equity Shares pursuant to subparagraph (ii);

  • Ordinary Shares means the ordinary shares, par value $0.0001 per share, of the Company.

  • Compensatory time off means authorized time off earned by or awarded to an employee to compensate in whole or in part for time worked in excess of the minimum work time required of that employee as a condition of his or her employment.

  • A Ordinary Shares means the ‘A’ ordinary shares of £1.00 each in the capital of the Company;

  • Fully Diluted Company Shares means the total number of issued and outstanding shares of Company Common Stock, (a) after giving effect to the Company Preferred Stock or otherwise treating shares of Company Preferred Stock on an as-converted to Company Common Stock basis, and (b) treating all outstanding in-the-money Specified Company Warrants as fully vested and as if the Specified Company Warrants had been exercised for cash as of the Effective Time, but for the avoidance of doubt excluding any Company Securities described in Section 1.11(b).