Mandatory Shares definition

Mandatory Shares means Shares which have to be purchased by the Optionee in the market and retained in order to be entitled to acquire Optioned Shares/Warrants.
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Mandatory Shares means the Shares described in Paragraph 3(a) hereof.
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Mandatory Shares has the meaning set forth in the Recitals.
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Examples of Mandatory Shares in a sentence

  • For avoidance of doubt, if the number of Shares/Warrants subject to Option is reduced due to that the Option has been partly exercised, the Optionee may dispose of Mandatory Shares corresponding to such exercise without any further reduction of the remaining Shares/Warrants subject to the Option.

  • If the Optionee at any time during the Option term disposes of Mandatory Shares, the number of Shares/Warrants subject to the Option shall correspondingly be terminated and cancelled without any payment therefore.

  • A minimum of twenty-five percent (25%) of the Award shall be paid in the form of Mandatory Shares, the number of which shall be determined as the quotient obtained by dividing (x) 25% of the Award by (y) the Fair Market Value per Share determined as of the last day of the Plan Year.

  • Both the Mandatory Shares and the cash lump sum portions of the Award shall be issued or paid, as applicable, as soon as reasonably practicable after the close of the Plan Year.

  • On and after May 12, 1998, Mandatory Shares shall no longer be payable to Non-Employee Directors under the Plan with respect to Fees earned on and after such date.

  • No later than ten (10) days following the date of each quarterly Board meeting (the "Issuance Date"), the Corporation shall issue to each Non-Employee Director a number of Mandatory Shares equal to: (i) the portion of such Director's Mandatory Retainer Amount earned during such Accounting Month; divided by (ii) the Market Value per Share on the first day of the Accounting Month during which such Mandatory Shares were earned (the "Valuation Date").

  • Although online activities have become an increasingly essential part of the lives of older adults, they still face certain difficulties and risks while using the Internet.

  • In 2010, the Palouse RTPO updated its Regional Transportation Plan for five years (till 2016).

  • If an Option Right lapses or terminates before such Option is exercised or shares of Restricted Stock or Common Stock Grants are forfeited, for any reason, the shares covered thereby may again be made subject to Awards, Mandatory Shares or Voluntary Shares under this Plan.

  • In any event, xxxxxxxxx.xxx shall use its reasonable efforts to cause the registration statement covering the Mandatory Shares to become effective as soon as practicable.


More Definitions of Mandatory Shares

Mandatory Shares means the minimum number of shares issued as a condition of membership, being 1 000 (one thousand) shares at R1.00 (one rand) per share. “Member” means a member of the Co-operative.
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Mandatory Shares means the minimum shares that must be purchased by a new member of a credit union as a condition of membership;
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Related to Mandatory Shares

  • 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.

  • Buyer Preferred Stock means the preferred stock, par value $0.001 per share, of Buyer.

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

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Primary Shares means at any time the authorized but unissued shares of Common Stock or shares of Common Stock held by the Company in its treasury.

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

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

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.0001 per share.

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.

  • Company Series B Preferred Stock means the Series B Preferred Stock, par value $0.0001 per share, of the Company.

  • Purchaser Preferred Stock means the shares of preferred stock, par value $0.0001 per share, of the Purchaser.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • New Preferred Stock means the Convertible Series A Preferred Stock and the Series B Preferred Stock.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Ordinary Shares means the ordinary shares, par value $0.0001 per share, of the Company.

  • Existing Preferred Stock means, collectively, the outstanding shares of the Series E 6% Convertible Preferred Stock of the Corporation.

  • Series E Preferred Stock means shares of the Company’s Series E Preferred Stock, par value $0.0001 per share.

  • Series G Preferred Stock means the Corporation's Series G Convertible Preferred Stock, par value $0.004 per share.

  • Company Series A Preferred Stock means the Series A Preferred Stock, par value $0.0001 per share, of the Company.

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

  • A Ordinary Shares means the ‘A’ ordinary shares of £1.00 each in the capital of the Company;

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.