Examples of Forfeitable Share Agreement in a sentence
Except to the extent specified in the Forfeitable Share Agreement, the Participant will be entitled to vote (or instruct any person holding the Forfeitable Shares on his behalf how to vote) and to receive dividends and will have all other rights of a shareholder in respect of Forfeitable Shares where the record date for the right falls on or after the date on which the Forfeitable Shares are issued or transferred to him.
To the extent that an Award of Forfeitable Shares lapses, the Participant shall transfer his interest in the Shares as described in the Forfeitable Share Agreement.
To the extent that an Award of Forfeitable Shares Vests, the Forfeitable Share Agreement will cease to apply to the Shares.
Except to the extent specified in the Forfeitable Share Agreement or in these rules a Participant will only have all rights of a shareholder in respect of Forfeitable Shares after the Shares are acquired by him (or on his behalf).
In addition, the restrictions referred to in rule 4.1 (Forfeitable Share Agreement) and contained in the Forfeitable Share Agreement between the Participant and the Grantor cease to have effect on Vesting.
An Award of Forfeitable Shares will be subject to the Forfeitable Share Agreement.
Except to the extent specified in the Forfeitable Share Agreement a Participant will have all rights of a shareholder in respect of Forfeitable Shares until the Award lapses.
If he does not sign the Forfeitable Share Agreement or any other documents requested by the Grantor within a period specified by the Grantor, the Award will lapse at the end of that period.
The Committee may retain the share certificates for the Shares relating to a Forfeitable Award, and the Company may enter into such arrangements as it thinks fit in order to enable it to enforce the obligations of the Eligible Employee under the Forfeitable Share Agreement.
Forfeitable Share Agreement ceasing to have effect as described in rule 7.6 (Consequences of Vesting - Forfeitable Shares).