FORFEITURE OF SHARES definition

FORFEITURE OF SHARES. In the event you Separate from Service for any reason (other than as a result of your death or Disability) prior to [the] [any] Vesting Date, then all unvested Shares subject to this award will be forfeited as of the date of your Separation from Service and any rights with respect to such forfeited Shares will immediately cease.”
Sample 1

Examples of FORFEITURE OF SHARES in a sentence

  • I Table A Regulation 34 THE FIRST SCHEDULE [See sections 2(2), 14, 28(1), 29 and 223] A REGULATIONS FOR MANAGEMENT OF A COMPANY LIMITED BY SHARES 34 FORFEITURE OF SHARES.

  • I Table A Regulation 29 THE FIRST SCHEDULE [See sections 2(2), 14, 28(1), 29 and 223] A REGULATIONS FOR MANAGEMENT OF A COMPANY LIMITED BY SHARES 29 FORFEITURE OF SHARES.

  • I Table A Regulation 32 THE FIRST SCHEDULE [See sections 2(2), 14, 28(1), 29 and 223] A REGULATIONS FOR MANAGEMENT OF A COMPANY LIMITED BY SHARES 32 FORFEITURE OF SHARES.

  • I Table A Regulation 30 THE FIRST SCHEDULE [See sections 2(2), 14, 28(1), 29 and 223] A REGULATIONS FOR MANAGEMENT OF A COMPANY LIMITED BY SHARES 30 FORFEITURE OF SHARES.

  • THE EMPLOYEE ACKNOWLEDGES AND AGREES THAT THE FORFEITURE OF SHARES IN ACCORDANCE WITH THIS SECTION IS IN ADDITION TO ANY OTHER REMEDIES WHICH THE COMPANY MAY HAVE AT LAW, IN EQUITY, OR OTHERWISE.

  • FORFEITURE OF SHARES 15) (a) Directors Require Payment Of Call With Interest And Expenses.

  • Activation of Power of Attorney 26 FORFEITURE OF SHARES IN OTHER CIRCUMSTANCES 26 113.

  • FORFEITURE OF SHARES If a member fails to pay any call or instalment of a call on the day appointed for payment thereof the directors may, at any time thereafter during such time as any part of the call or instalment remains unpaid, serve a notice on him requiring payment of so much of the call or instalment as is unpaid, together with any interest which may have accrued.

  • DIRECTOR FURTHER ACKNOWLEDGES THAT THE COMPANY IS NOT RESPONSIBLE FOR FILING THE DIRECTOR'S 83(b) ELECTION, AND THE COMPANY HAS DIRECTED DIRECTOR TO SEEK INDEPENDENT ADVICE REGARDING THE APPLICABLE PROVISIONS OF THE INTERNAL REVENUE CODE, THE INCOME TAX LAWS OF ANY MUNICIPALITY, STATE OR FOREIGN COUNTRY IN WHICH DIRECTOR MAY RESIDE AND THE TAX CONSEQUENCES OF DIRECTOR'S DEATH AND OF GRANTEE'S DEATH OR FORFEITURE OF SHARES AFTER AN 83(b) ELECTION.

  • DIRECTOR FURTHER ACKNOWLEDGES THAT THE COMPANY IS NOT RESPONSIBLE FOR FILING THE DIRECTOR’S 83(b) ELECTION, AND THE COMPANY HAS DIRECTED DIRECTOR TO SEEK INDEPENDENT ADVICE REGARDING THE APPLICABLE PROVISIONS OF THE INTERNAL REVENUE CODE, THE INCOME TAX LAWS OF ANY MUNICIPALITY, STATE OR FOREIGN COUNTRY IN WHICH DIRECTOR MAY RESIDE AND THE TAX CONSEQUENCES OF DIRECTOR’S DEATH OR FORFEITURE OF SHARES AFTER AN 83(b) ELECTION.

Related to FORFEITURE OF SHARES

  • Forfeiture means that portion of a Participant's Account that is not Vested, and occurs on the earlier of:

  • Plan Shares means the total number of Common Shares which may be reserved for issuance as Optioned Shares under the Plan as provided in §2.2;

  • Restricted Shares shall have the respective meanings set forth in Section 2.14.

  • Award Shares means Shares covered by an outstanding Award or purchased under an Award.

  • Forfeiture Restrictions means any prohibitions and restrictions set forth herein with respect to the sale or other disposition of Shares issued to the Recipient hereunder and the obligation to forfeit and surrender such shares to the Company.

  • RSUs means restricted stock units.

  • Restricted Stock Grant means Shares awarded under the Plan as provided in Section 9.

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

  • Restricted Stock Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Award evidencing the terms and conditions of a Restricted Stock Award grant. Each Restricted Stock Award Agreement will be subject to the terms and conditions of the Plan.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

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

  • Restricted Stock means Shares issued pursuant to a Restricted Stock award under Section 7 of the Plan, or issued pursuant to the early exercise of an Option.

  • Forfeiture Period means the period from the Grant Date until the Forfeiture Date.

  • Plan Share Award means a right granted under this Plan to receive Plan Shares.

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

  • Stock Grant means the grant of shares of Stock not subject to restrictions or other forfeiture conditions.

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

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

  • Awarded Stock means the Common Stock subject to an Award.

  • Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.

  • Stock Award Agreement means a written agreement between the Company and a holder of a Stock Award evidencing the terms and conditions of an individual Stock Award grant. Each Stock Award Agreement shall be subject to the terms and conditions of the Plan.

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Restricted Share Award means an award of Restricted Shares.

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.