Elective Shares definition

Elective Shares means the Shares described in Paragraph 3(b) hereof.
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Elective Shares means Shares credited to a Participant's Deferral Account which are not initially subject to forfeiture as provided in Section 6.2 or Section 6.3.
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Elective Shares means Units credited to a Participant’s Deferral Account based on the amount deferred by the Participant under Section 4.1 and the Applicable Fair Market Value, which are not subject to forfeiture as provided in Section 6.2 or Section 6.3.
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Examples of Elective Shares in a sentence

  • If the Grantee so indicates on the Election contained in Attachment B hereto, an additional percentage of the Award may be paid in the form of Elective Shares, the number of which shall be determined as the quotient obtained by dividing (x) the percentage of the Award elected by the Grantee by (y) the Fair Market Value per Share determined as of the last day of the Plan Year; provided that such Election is submitted to the Company by the end of the Plan Year.

  • Subject to the terms and conditions set forth herein, the Grantee may withdraw Elective Shares from the Company's escrow at any time before the Vesting Date by providing notice to the Committee.

  • Except as otherwise provided in Paragraph 6 hereof, until the Vesting Date, Elective Shares shall be held by the Company in escrow.

  • If the Grantee withdraws Elective Shares from the Company's escrow at any time before the Vesting Date, the Grantee shall forfeit all of the Restricted Shares.

  • At any time within five business days after the date of receipt by the Purchaser of the Elective Sale Notice (the "Elective Sale Exercise Period"), the Purchaser shall have the right to purchase all, but not less than all, of the Elective Shares at the price and on the terms and conditions set forth in the Elective Sale Notice by notifying the Seller in writing of its election to purchase such Shares (the "Elective Sale Exercise Notice").

  • Upon such sale, the Right of First Refusal shall terminate with respect to the Elective Shares so sold.

  • If at the end of 90 days following the expiration of the Elective Sale Exercise Period the Seller has not completed the sale of the Elective Shares as aforesaid, then the Seller shall not thereafter sell the Elective Shares without again complying with the provisions of this Section 1.

  • Upon the Seller's receipt of the Elective Sale Exercise Notice, the Seller shall sell the Elective Shares to the Purchaser pursuant to the provisions of Section 1(e).

  • If the Relevant Documents specify a number of Elective Shares each party may purchase individually which is different from that amount determined pursuant to the preceding sentence, then the parties will make such arrangements as are reasonably necessary to enable each party to acquire the number of Elective Shares determined pursuant to the preceding sentence.

  • Your rights in respect of your Elective Shares shall be fully vested and nonforfeitable at all times.

Related to Elective Shares

  • Incentive Shares means Shares awarded pursuant to the provisions of Article 12.

  • Participating Shares means shares that entitle their holders to participate without limitation in distributions.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Eligible Shares has the meaning set forth in Section 4.1(a).

  • Optioned Shares means the shares of Common Stock that are issued pursuant to the exercise of the Options;

  • Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Shares means the shares of Common Stock issued or issuable to each Purchaser pursuant to this Agreement.

  • Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.

  • Converted Shares means the Subject Equity Shares resulting from the conversion of Limited Voting Shares into the Subject Equity Shares pursuant to subparagraph (ii);

  • Rollover Shares has the meaning given in the recitals.

  • H Shares means the overseas-listed foreign invested shares in the share capital of the Company with a nominal value of RMB1.00 each, which are subscribed for and traded in Hong Kong Dollars;

  • Rollover Options has the meaning provided in Subsection 3.1(h).

  • Option Stock shall have the meaning set forth in Section 2(a) hereof.

  • Company Shares means the common shares in the capital of the Company;

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Company Stock Option means any option to purchase one or more shares of the Company’s Common Stock granted under any of the Company Stock Plans.

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.

  • Founders’ Shares means 1,000 shares with a par value of $1 per share, 500 of which were issued to MACRO Securities Depositor, LLC and 500 of which were issued to Claymore Securities, Inc., in exchange for the Initial Deposit.

  • Stock Election Shares shall have the meaning set forth in Section 3.2.1.

  • Transferred Shares means all or any portion of a Member’s Shares that the Member seeks to Transfer.

  • Non-Voting Shares means a particular Class of Shares that do not carry the right to notice of or to attend or vote at general meetings of the ICAV or the relevant Fund.

  • A Shares means shares issued by companies incorporated in the PRC and listed on the SSE or the SZSE, traded in RMB and available for investment by domestic investors through Stock Connect.

  • Exchanged Shares has the meaning ascribed thereto in Section 2.1.

  • Retained Shares has the meaning set forth in the recitals.