Core Shares definition

Core Shares. Non-redeemable voting shares of the Company which are not classified as Cell Shares and carrying the rights attached thereto pursuant to the Constitution
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Core Shares means 4,462,764 Shares, constituting all the Shares that are held by Koor and/or Elbit on 27th December 2004, together with all the bonus shares that may be issued in the future in respect thereof and together with all the Shares that are acquired on issue by virtue of rights that are vested in the context of a rights offering of the Company to its shareholders in respect of those Shares.
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Core Shares means 4,462,764 Shares, constituting all the Shares that are held by Koor and/or Elbit on 27 December 2004,the date specified in the preamble to this Deed, together with all the bonus shares that may be issued in the future in respect thereof and together with all the Shares that are acquired on issue by virtue of rights that are vested in the context of a rights offering of the Company to its shareholders in respect of those Shares.
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Examples of Core Shares in a sentence

  • If the Grantee's employment with the Company and all Affiliates is terminated prior to the fourth Annual Vesting Date for any other reason, any Core Shares that have not yet become vested will thereupon be forfeited.

  • The Core Shares will not be transferable by the Grantee until such shares become vested in accordance with Section 3.

  • The restricted shares of Common Stock that comprise the Core Award (the "Core Shares") will be granted to the Grantee under the Company's 2002 Stock Option Plan (the "Plan"), the terms and conditions of which are hereby incorporated by reference.

  • The Core Shares will accrue on a cumulative basis all dividends paid on such shares from the date of actual issuance through the date of vesting.

  • Subject to Section 12, as soon as practicable after any portion of the Grantee's Core Shares become vested and transferable (as determined under Section 3), the Company will instruct its stock transfer agent (i) to issue certificates to the Grantee representing such vested Core Shares without the legends contemplated under Section 1 and (ii) to process any applicable transfers of such vested Core Shares.

  • Subject to Section 12, as soon as practicable after any Core Shares become vested, the Company will pay to the Grantee in cash or in kind (as applicable) the dividends accrued with respect to such shares.

  • On March 13, 2004, the Executive shall become vested with respect to, and the restrictions shall lapse on, 18.75% of the Core Shares, so long as the Executive would have become vested with respect to such Core Shares had the Executive remained continuously employed with the Company through that date.

  • As and when the Executive becomes vested with respect to the Core Shares, the Company shall cause certificates representing the vested Core Shares, without any legend or other restrictions noted thereon, to be delivered to the Executive promptly after the Termination Date.

  • If the vesting performance requirement is not satisfied for a given period, the Core Shares from such year or years will not be forfeited and will be eligible to become vested if the vesting performance requirement applicable to such Core Shares is satisfied on a cumulative and compounded basis for an extended performance period that includes the year ended prior to the original Annual Vesting Date and the and the year ended on the following Annual Vesting Date.

  • In addition, on the Termination Date, the Company shall pay to the Executive any dividends that have accrued with respect to the Executive's vested Core Shares.