Lapsed Shares definition
Lapsed Shares means those Shares which were the subject of options which had been granted and accepted under this Scheme or any of the other schemes but subsequently lapsed. For the avoidance of doubt, “Lapsed Shares” shall exclude “Cancelled Shares”;
Lapsed Shares means those Shares which were the subject of options which had been granted and accepted under this Scheme or any of the other schemes but subsequently lapsed. For the avoidance of doubt, "Lapsed Shares" shall exclude "Cancelled Shares";
Lapsed Shares means those Shares which were the subject of options which had been granted and accepted under this Scheme or any of the other schemes but subsequently lapsed. For the avoidance of doubt, "LAPSED SHARES" shall exclude "CANCELLED SHARES";
Examples of Lapsed Shares in a sentence
In exchange for the promises, benefits, and covenants set forth herein, Wood agrees that he shall exercise his option purchase right as to no more than 83,306 of the Vested Shares (the "Exercisable Shares"), and that his option to purchase the remaining balance of the Vested Shares, 25,027 shares (the "Lapsed Shares"), shall, as of the Effective Date, lapse and become null and void, and the Lapsed Shares shall revert to Employer's 2003 Equity Incentive Plan.
More Definitions of Lapsed Shares
Lapsed Shares shall exclude "CANCELLED SHARES";
Lapsed Shares means the Shares underlying the Lapsed Share Awards;