Leaver Shares definition

Leaver Shares shall have the meaning ascribed to it in Section 9.1.
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Leaver Shares in relation to a Leaver, means all Shares held by:
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Leaver Shares shall have the meaning given in Section 9.1.
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Examples of Leaver Shares in a sentence

  • The transfer of the relevant Leaver Shares against payment of the purchase price shall be consummated within 60 calendar days from the date of the Leaver Call Options Exercise Notice.

  • For the avoidance of doubt, the Settlement Amount shall not include any outstanding Loan Amount in respect of Shares held under the Plan that are not Leaver Shares.

  • No Participant shall, except with the prior written consent of the Board and subject to the Drag-Along and Tag-Along Rights (as defined in the Employee Shareholders’ Agreement) and the Leaver Call Options, transfer Leaver Shares during the Vesting Period.

  • Upon the occurrence of a Sale, all unvested Leaver Shares shall accelerate (i.e. vest) fully as per the date of the occurrence of the Sale.

  • If, before the end of the Vesting Period, the employment relationship of the relevant Founder is terminated and the Founder qualifies as a Good Leaver, all unvested Leaver Shares shall accelerate (i.e. vest) fully as per the date of the end of the employment relationship of the relevant Founder.

  • The Leaver Shares of each Founder shall (reverse) vest over a period of 2 years as follows (the «Vesting Period»): On the date which is 1 month from the date of the Original Shareholders’ Agreement and, subsequently, each following month until the second anniversary of the closing of the Share Purchase Agreements, 4.166% of the Leaver Shares shall vest, whereas (i) fractions of Shares shall be rounded up to the next full number and (ii) any excess Leaver Shares shall vest on the last vesting instalment.

  • As at the transfer of the Participant’s interest in the Leaver Shares on the Date of Purchaser, the Borrower (or the Nominated Party of the Borrower) warrants that it is the beneficial owner of the Leaver Shares and has not granted any mortgages, liens, charges, encumbrances, pledges, options or adverse equities or interests of any kind in the Leaver Shares to any person or entered into any agreement to sell or transfer the Leaver Shares other than under these Terms.

  • As at the transfer of the Participant’s interest in the Leaver Shares on the Date of Transfer, the Borrower (or the Nominated Party of the Borrower) warrants that it is the beneficial owner of the Leaver Shares and has not granted any mortgages, liens, charges, encumbrances, pledges, options or adverse equities or interests of any kind in the Leaver Shares to any person or entered into any agreement to sell or transfer the Leaver Shares other than under these Terms.

  • No Participant shall, except with the prior written consent of the Board and subject to the Drag-Along and Tag-Along Rights (as defined in the Shareholders’ Agreement) and the Leaver Call Options, transfer Leaver Shares during the Vesting Period.

  • As at the transfer of the Participant’s interest in the Leaver Shares on the Date of Transfer, the Participant warrants that it is the beneficial owner of the Leaver Shares and has not granted any mortgages, liens, charges, encumbrances, pledges, options or adverse equities or interests of any kind in the Leaver Shares to any person or entered into any agreement to sell or transfer the Leaver Shares other than under these Rules.

Related to Leaver Shares

  • Stockholder Shares means all securities of the Company registered in the name of, or Beneficially Owned by the Stockholder Parties, including any and all securities of the Company acquired and held in such capacity subsequent to the date hereof.

  • Company Shares means the common shares in the capital of the Company;

  • Rollover Shares has the meaning given in the recitals.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • 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.

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

  • Newco Shares means the common shares in the capital of Newco;

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

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

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.

  • 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.

  • New Shares means ordinary or common shares, whether of the entity or person (other than the Share Issuer) involved in the Merger Event or a third party, that are, or that as of the Merger Date are promptly scheduled to be, (i) publicly quoted, traded or listed on an exchange or quotation system located in the same country as the Exchange (or, where the Exchange is within the European Union, in any member of state of the European Union) or on another exchange acceptable to the Issuer and (ii) not subject to any currency exchange controls, trading restrictions or other trading limitations.

  • Founders’ Shares means 1,000 shares with a par value of $1 per share, 500 of which were issued to MACRO Securities Depositor, LLC and 500 of which were issued to Claymore Securities, Inc., in exchange for the Initial Deposit.

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

  • Common Stockholder means the employee of, consultant to, or director of the Company or other person to whom shares of Common Stock are issued pursuant to this Plan.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Offer Shares means the Hong Kong Offer Shares and the International Offer Shares being offered at the Offer Price under the Global Offering together with any additional Shares to be issued pursuant to the exercise of the Over-Allotment Option;

  • Merger Shares has the meaning set forth in Section 2.2(c).

  • A Shares means shares issued by companies incorporated in the PRC and listed on the SSE or the SZSE, traded in RMB and available for investment by domestic investors through Stock Connect.

  • Common Shares means the common shares in the capital of the Corporation;

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Remaining Shares has the meaning set forth in Section 4.1.2.

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • Incentive Shares means Shares awarded pursuant to the provisions of Article 12.

  • Parent Stock means the common stock, par value $0.01 per share, of Parent.

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