Examples of Deferred Share Award in a sentence
Unless otherwise provided by the Committee, a Participant awarded Deferred Shares shall have no rights as a Company shareholder with respect to such Deferred Shares until such time as the Deferred Share Award has vested and the Shares underlying the Deferred Share Award has been issued.
Deferred Share Award means a Share issued under clauses 3.4 to 3.5. Employee means a person who is a full-time or permanent part-time employee or officer, a Contractor or executive director of the Company or any related body corporate of the Company.
A Deferred Share Award shall entitle the Participant to receive Stock from the Company in the future in consideration for services performed during the Deferral Period.
Deferred Units granted under a 2005 Deferred Unit Award Agreement; the units were converted into deferred stock under a 2005 Deferred Share Award Agreement, as amended and restated, granted under the 1998 Long Term Incentive Plan, as amended.
Vesting3.1 For the purposes of Deferred Share Awards, Rule 6.1 of the Plan shall be deleted and replaced with the following:Subject to the remaining provisions of this paragraph 3.1 and to the other provisions of this Deferred Share Plan, a Deferred Share Award shall Vest on the date or dates specified in the Award Certificate.