Examples of EIP Shares in a sentence
In the case of a Recipient’s death the EIP Shares shall be issued to the Recipient’s personal representatives (including his heirs by will and operation of law) or in the case of Disability to his authorised and lawful representatives.
EIP Shares to be issued to Recipients in connection with SARs shall be determined from the following formula: N=S*(X-Y)/X if X>Y and, N=0 if X=<Y where N equals the number of EIP Shares to be issued to the Recipient; X equals the FMV at the Acquisition Date; Y equals the Measurement Price; and S equals the number of SARs vested on the Acquisition Date.
Each Award of SARs shall entitle the Recipient, subject to vesting and other terms as set forth in the Equity Incentive Agreement, to receive upon an Acquisition Date a number of EIP Shares determined by reference to the appreciation in the FMV of a Share over the Measurement Price, from and after the Award Date.
EIP Shares to be issued to Recipients in connection with Options shall be the number of EIP Shares subject to the portion of the Option being exercised.
Options granted before 11 March 2016 will continue on their effective terms, other than as the same may be amended (subject to the consent of the holders) with respect to the terms governing the acquisition of EIP Shares as set out in this Plan as amended.