Examples of Excepted Shares in a sentence
The terms, conditions and limitations applicable to any Stock Award, including, but not limited to, vesting or other restrictions, shall be determined by the Committee, and shall, except to the extent the Stock Award relates to Excepted Shares, be subject to the minimum Restriction Period and performance period requirements and any other applicable requirements described in this Paragraph 8.
Subject to the foregoing provisions, the terms, conditions, and limitations applicable to any SAR, including, but not limited to, the term of any SAR and the date or dates upon which the SAR becomes vested and exercisable, shall be determined by the Committee; provided, however, that except to the extent the SAR relates to Excepted Shares, such SAR shall be subject to the minimum vesting period requirements and any other applicable requirements described in this Paragraph 8.
Subject to the foregoing provisions, the terms, conditions and limitations applicable to any Option, including, but not limited to, the term of any Option and the date or dates upon which the Option becomes vested and exercisable, shall be determined by the Committee; provided, however, that except to the extent the Option relates to Excepted Shares, such Option shall be subject to the minimum vesting period requirements and any other applicable requirements described in this Paragraph 8.
Based on and subject to the foregoing and other matters Beacon considers relevant, it is Beacon's opinion that, as of the date hereof, the consideration to be received by holders of Shares, other than Excepted Shares, is fair from a financial point of view to such holders.
Each Option shall be exercisable at such times and under such conditions as the Committee, in its discretion, shall determine; provided, however, that such exercise period shall not exceed ten (10) years from the date of grant of such Option; and provided, further, that the Committee shall not have the authority to accelerate the times at which an Option becomes exercisable after the Option has been granted except with respect to Options for the Excepted Shares or as otherwise provided in this Plan.
I am aware that by its provisions, my spouse has agreed to vote his Shares of the Company, including any such Shares in which I may have community property interest, in accordance with the terms of said agreement and to sell all Shares, excluding the Excepted Shares (as defined therein), of the Company, including my community interest in them.
Mercury may transfer all or any portion of the Excepted Shares at any time or from time to time without restriction, and the transferees will have no rights or obligations under this Agreement.
The parties hereto agree to the placement on certificates representing shares of Common Stock (other than Excepted Shares) of a legend indicating that such securities are subject to the terms of this Agreement.
For the avoidance of doubt, the Committee shall not be permitted to carry out the actions described in the foregoing clause (y) except in the event of a Change in Control, death or termination of employment or service by reason of Disability, or with respect to any Award or portion thereof which the Committee designates as relating to Excepted Shares in accordance with Paragraph 8.
Notwithstanding anything in this Agreement to the contrary, this Agreement does not apply to 1,340,405 shares of the Common Stock now owned by Mercury (the "Excepted Shares").