Examples of Forfeitable Shares in a sentence
Dividends paid on the Forfeitable Shares where the record date falls after the Release Date shall be mandated by the Nominee to be paid to the Award Holder.
Under the FSP, Participants will become owners of the Forfeitable Shares from the settlement date, shortly after the award date and will immediately benefit from distributions (subject to certain restrictions set out below), and have shareholder voting rights in respect of the Forfeitable Shares over the vesting period.
If the Company makes an offer conferring any rights on its members to acquire (for payment) additional securities in a Group Company, the Nominee shall comply with any direction from the Award Holder concerning the exercise or sale of any rights or securities attributable to the Forfeitable Shares.
The Nominee shall hold any additional shares or securities so acquired on the same terms as the Forfeitable Shares.
The Forfeitable Shares shall be registered in the name of the Nominee until the end of the Holding Period.