Examples of Deferred Share Incentive Plan in a sentence
Other Betfair Employee Share Plans Outstanding options and awards over Betfair Shares under the Betfair Deferred Share Incentive Plan, the Betfair Restricted Share Awards Plan and the Betfair Unapproved Share Option Plan will, to the extent not already vested, vest in full in accordance with the applicable rules on the date of the Court Order.
Each director of the Company is given the right to participate in the Deferred Share Incentive Plan.
The Deferred Share Incentive Plan provides that Discretionary Deferred Shares will generally vest on the second anniversary of the date of grant.
As such, grants of Deferred Shares under the Deferred Share Incentive Plan align the interests of the participants more closely with the interests of Shareholders.
Change of Control, Death, Disability and Termination In the event of any “change of control” (as defined in the Deferred Share Incentive Plan), any unvested Deferred Shares will vest upon the earlier of (i) the next applicable vesting date determined in accordance with the above provisions, and (ii) the date which is immediately prior to the date upon which the change of control is completed.
On May 25, 2016, the shareholders of the Company voted on and approved a deferred share incentive plan (the "Deferred Share Incentive Plan").
Participation Each Director has the right to participate in the Deferred Share Incentive Plan.
At the meeting of shareholders held on May 25, 2016, shareholders approved an amendment to the Deferred Share Incentive Plan to increase the maximum number of common shares available for issuance under the Deferred Share Incentive Plan to 1,200,000.
Under the Deferred Share Incentive Plan, deferred shares may be granted from time to time to participants in the Deferred Share Incentive Plan at the discretion of the Board or the Compensation, Governance and Nominating Committee ("Discretionary Deferred Shares") Wherever cash dividends are paid on the common shares, additional deferred shares are credited to the Participant’s account.
Deferred share incentive plan: On May 25, 2016, the shareholders of the Company voted on and approved a deferred share incentive plan (the "Deferred Share Incentive Plan").