Earned Shares definition

Earned Shares means the Restricted Shares after the lapse of the Forfeiture Restrictions without forfeiture.

Earned Shares means those Shares that are designated herein as Restricted Shares and are subsequently redesignated as Earned Shares in accordance with the terms hereof due to the attainment by the Corporation of certain performance standards as provided for herein.

Earned Shares for every one million dollars ($1,000,000) of annual Adjusted EBITDA earned by the Corporation, subject to the limitations set forth in Section 12(b) hereof. Any incremental portion of Adjusted EBITDA less than $1,000,000 will be disregarded for such calculation.

Examples of Earned Shares in a sentence

• The Director also agrees that the Restricted Shares and Earned Shares issued under this Agreement will not be sold or otherwise disposed of in any manner which would constitute a violation of any applicable federal or state securities laws.

• Subject to Section 1(b), Section 1(c) and the other terms of this Agreement, a Participant’s Award shall vest for the number of Earned Shares on the Vesting Date.

• In the event that the number of Earned Shares under a Participant’s Award of Restricted Stock exceeds the Number of Shares specified in the Participant’s Award Communication, then subject to Section 6(b), Section 8(a) and Section 8(b), the Company shall issue to the Participant the excess number of shares at the time specified by Section 6(a)(i).

• Subject to Section 6(b), Section 8(a) and Section 8(b), as soon as practical (but in no event later than 90 days) after the date of a Participant’s death or Disability, the Company shall issue to the Participant the number of Earned Shares from the vesting of the Participant’s Restricted Stock Units pursuant to Section 2, less the number of any shares withheld or cancelled to satisfy withholding obligations for Tax-Related Items pursuant to Section 8(b).

• In the event of the vesting and payment of the Restricted Stock Units, the dividend equivalents accrued on the Earned Shares, less any Tax-Related Items that the Company determines are required to be withheld therefrom, shall be paid at the time that the Earned Shares are issued to the Participant.

More Definitions of Earned Shares

Earned Shares means (i) the number of Shares granted herein, multiplied by (ii) the BVPS Vesting Percentage.

Earned Shares means shares of Common Stock (or cash representing shares, as applicable) subject to a Performance Share Unit Award that are earned based on the achievement of the performance goals for the applicable Performance Cycle (or portion thereof, in the case of Transition Awards).

Earned Shares means the total of the Relative TSR Shares that are earned in accordance with paragraph 2(a) and the Absolute TSR Shares that are earned in accordance with paragraph 2(b).

Earned Shares means that number of Shares, determined as of the Measurement Date, equal to the product of: (i) the Nominal Amount; and (ii) the Performance Factor; but subject to adjustment as described in Section 4.

Earned Shares means Shares that have become earned based on achievement of specified performance requirements in accordance with the provisions of Schedule A to this Master Agreement.

Earned Shares means the portion of the Restricted Stock that is considered to be earned based upon the achievement of the applicable level of CAGR in EPS for the Measurement Period, as determined in accordance with Section 3(a) or 3(b) hereof.

Earned Shares means the Shares earned by the Genex Stockholder during the applicable Earnout Measurement Period.