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”;
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Lapsed Shares shall exclude "CANCELLED SHARES";
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Lapsed Shares means the Shares underlying the Lapsed Share Awards;
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Examples of Lapsed Shares in a sentence

  • The maximum number of Shares granted and to be granted to any one grantee (including Shares that have been vested and/or accepted and Lapsed Shares) in any 12-month period shall not exceed 0.1% of the Shares in issue from time to time.

  • Describe impact of prohibited conduct on the victim, aggressor, and witnesses.

  • Where Shares Awards, referable to a Grantee, do not vest or are clawed back in accordance with the relevant provisions herein and/or in Grant Letters and become Lapsed Share Awards, the Trustee shall hold such Lapsed Shares underlying the Lapsed Share Awards and all cash, non-cash income, dividends or distributions and/or sale proceeds of such non-cash and non- scrip distributions derived therefrom for the benefit of all or one or more of the Eligible Participants.

  • If any Option expires, terminates or is terminated for any reason prior to exercise in full, or any Restricted Shares are forfeited, or any Other Stock-Based Award is terminated or forfeited, the Shares that were subject to the unexercised portion of such Option or the Restricted Shares or Other Stock-Based Awards that are forfeited or terminated (collectively, "Lapsed Shares"), as the case may be, shall be available immediately for future grants of Awards under the Plan.

  • 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.

Related to Lapsed Shares

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

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

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

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

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

  • Covered Shares means, with respect to the Shareholder, (i) the Existing Shares, together with (ii) any shares of Common Stock or other voting capital stock of the Company and any securities convertible into or exercisable or exchangeable for shares of Common Stock or other voting capital stock of the Company, in each case under this clause (ii) that such Shareholder acquires Beneficial Ownership of on or after the date hereof.

  • Optioned Shares means Shares subject to an Award granted pursuant to this 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.

  • 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.

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Retained Shares has the meaning set forth in the recitals.

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Restricted Share Award means an award of Restricted Shares.

  • Converted Shares means the Subject Equity Shares resulting from the conversion of Limited Voting Shares into the Subject Equity Shares pursuant to subparagraph (ii);

  • Acquired Shares has the meaning set forth in the Recitals.

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.

  • Stock Election Shares shall have the meaning set forth in Section 3.2.1.