Hurdle Shares definition

Hurdle Shares means Leveraged Shares purchased pursuant to a Hurdle Award.
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Hurdle Shares means the hurdle shares of US$0.01 each in the capital of the Company, with the rights set forth in the Articles of Association.
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Examples of Hurdle Shares in a sentence

  • Each of the Stockholders hereby agrees that it shall not take any action to cause the redesignation of the Hurdle Shares other than in accordance with the Articles of Association.

  • The table below sets forth the Total Number of Shares Subject to the Award that are earned upon the achievement of each Share Price Hurdle (Shares that are earned upon achievement of a Share Price Hurdle are referred to as “Earned Shares”, and the date as of which the Share Price Hurdle has been achieved is referred to as a “Share Price Hurdle Achievement Date”).

  • In the event that any Management Stockholder has Transferred any Mandatory Ordinary Shares or Hurdle Shares to any Permitted Transferees, the failure of any one member of such group to perform its obligations hereunder shall not excuse or affect the obligations of any other members thereof.

  • The Call Notice will specify a date (being not less than ten (10) days and not more than thirty (30) days after the date of the Call Notice) upon which the transfer of the Hurdle Shares and Ordinary Shares specified in the Call Notice is to be completed (the “Call Option Completion Date”).

  • If for any reason such Hurdle Shares are not Transferred prior to a Change of Control, Qualifying IPO or winding up, the Company shall (and all Stockholders shall use their reasonable efforts to procure that the Company shall) recommend that the EBT shall distribute all proceeds received by it in respect of such Hurdle Shares to management and employees of the Group as soon as reasonably possible following such Change of Control, Qualifying IPO or winding up.

  • The proportion of such costs to be borne by the relevant accepting Tag-Along Offeree shall be equal to the proportion that the Ordinary Shares to be sold by such Tag Along Offeree pursuant to the Third Party Offer or the Management Tag Offer (including Mandatory Ordinary Shares arising from the redesignation of Hurdle Shares) bears to the total number of Ordinary Shares to be sold pursuant to the Third Party Offer or the Management Tag Offer.

  • Such Hurdle Shares may be issued to such management and employees of the Group or to the EBT in such amounts and on such terms as the Compensation Committee shall determine from time to time, after taking into consideration the recommendation of the CEO.