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

  • Upon the request of the Warrant Agent, Valley shall promptly deliver or cause its transfer agent to deliver a certificate or certificates evidencing the shares of Valley Common Stock purchased when any Warrant is validly exercised.

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

  • 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").

  • If at the end of the Elective Sale Exercise Period the Purchaser has not delivered an Elective Sale Exercise Notice to the Seller, the Seller may, during the succeeding 90-day period, sell not less than all of the Elective Shares at a price not less than that 6 contained in the Elective Sale Notice and on terms and conditions not less favorable in the aggregate to the Seller than those contained in the Elective Sale Notice.

  • This Agreement confirms that you elected to receive a portion of the bonus award that otherwise would have been payable to you in cash under the Guarantee Life Insurance Company Incentive Compensation Plan for your 1996 services in the form of Shares, and have been awarded ______ Shares (the "Elective Shares") in respect of such election, based on the closing price of a Share on February 27, 1997 (the "Grant Date").

  • Upon the Seller's receipt of the Elective Sale Exercise Notice, the Seller shall sell the Elective Shares to the Purchaser pursuant to the 6 provisions of Section 1(e).

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

  • Such arrangements may include having the party that did not want to purchase such Elective Shares act as the nominee of the other party.

  • 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.

  • Each party shall make reasonable efforts to purchase all of the Elective Shares which it is entitled to purchase pursuant to the Relevant Documents.

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 assigned to such term in Section 4.1(a).