Examples of Free Share Award in a sentence
For the avoidance of doubt, an Upfront Award (as designated in the Award Statement) is not intended to be a Qualified Free Share Award (and will not be designated as such in the Award Statement).
The Qualified Free Share Award is deemed to vest upon the ownership request date.
A new Rule 4.3(g) is inserted as follows: g) that the Award is designated as a Qualified Free Share Award.
In the event of a Share Capital Variation, the Directors may adjust the number or class of Shares or securities subject to any Free Share Award and/or Matching Award as they consider appropriate.
If Performance Measures apply to the availability, number or value of Free Share Award, the Company may notify Participants of the Performance Measures, but the Company may exclude from such notification any information if it reasonably considers that to disclose it would prejudice commercial confidentiality.
If the Plan is operated to provide Free Share Awards, a Free Share Award must not be granted to an Eligible Employee if it would, at the proposed Award Date, cause the Market Value of Shares subject to all Free Share Awards that the Participant has been granted in respect of that Plan Year to exceed £3,000 or such other amount as the Directors decide.
By participating in the Plan, an Employee waives all rights under the Plan, other than the right to receive any Free Share Award and/or Matching Award granted to him or any Investment Shares or Dividend Shares allocated to him subject to and in accordance with the express terms of the Plan rules, in consideration for, and as a condition of, his participation in the Plan.9.1.10Nothing in this Plan confers any benefit, right or expectation on a person who is not an Employee.
The Participant shall have no rights as a stockholder with respect to any shares of Common Stock covered by any Qualified Free Share Award granted hereunder unless and until the Participant has become the holder of record of the shares, and, except as otherwise specifically provided for in Section 11 of this Agreement, no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of any such shares, except as otherwise specifically provided for in the Plan.
A Participant is not entitled to vote in respect of Shares subject to a Free Share Award and/or a Matching Award until the Shares are issued or transferred to the Participant or his nominee following Vesting.
If this Schedule 7 applies to an Award designated as a Qualified Free Share Award in accordance with Schedule 6, then the references above to the Deutsche Bank Equity Plan shall be to that plan as amended by Schedule 6.