Earned Shares definition

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

Earned Shares means the Restricted Stock 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.

Examples of Earned Shares in a sentence

• All rights with respect to the RSUs or any undelivered Eligible Shares or Earned Shares granted to the Grantee shall be available during his or her lifetime only to the Grantee.

• The interim financial statements are prepared in accordance with generally accepted accounting principles in Saudi Arabia and the Interim Financial Reporting Standard and the same accounting principles used to prepare the yearly financial statements..

• No rights under this Award Agreement relating to the RSUs or any undelivered Eligible Shares or Earned Shares may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, including, unless specifically approved by the Company, any purported transfer to a current spouse or former spouse in connection with a legal separation or divorce proceeding.

• If the application of this Section 2(a) results in a fractional Earned Share, the number of Earned Shares shall be rounded up to the nearest whole Share.

• The Employee 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.

More Definitions of Earned Shares

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.

Earned Shares means the Restricted Shares following the lapse of the Forfeiture Restrictions with respect to such Restricted Shares pursuant to the terms and conditions of this Agreement and without the prior forfeiture of such Restricted 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 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.