Maximum Shares definition

Maximum Shares means, with respect to an Award Opportunity granted to a Participant for a Performance Period, the notional number of Shares equal to 200% of the Participant's Target Shares for such Performance Period. Each Maximum Share shall represent the contingent right to receive one share of Common Stock and shall at all times be equal in value to one share of Common Stock. The number of Maximum Shares granted pursuant to each outstanding Award Opportunity is subject to adjustment in accordance with the terms of the Performance Bonus Plan.

Maximum Shares means the maximum number of shares of Common Stock that could be awarded to the Participant under this Agreement.

Maximum Shares means 3,893,325 Stillwater Shares;

Examples of Maximum Shares in a sentence

• The aggregate maximum number of new Shares which may be made available under the Scheme shall not exceed the Maximum Shares at any point of time during the duration of the Scheme.

• All authorizations, approvals, or permits, if any, of any governmental authority or regulatory body of the United States or of any state that are required as of the Closing in connection with the lawful issuance and sale of the Maximum Shares or the Minimum Shares, as applicable, pursuant to this Agreement shall have been duly obtained and shall be effective as of the Closing.

• Subject to the Maximum Shares and any adjustments which may be made under the By-laws, the aggregate maximum number of Options that may be granted to any 1 category / designation of employment of the Eligible Person shall be determined entirely at the discretion of the ESOS Committee.

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• However, in such a situation, the ESOS Committee shall not make any further Offer until the total number of new Shares to be issued pursuant to the exercise of the Options granted or to be granted under the Scheme falls below the Maximum Shares at any point of time over the duration of the Scheme after such adjustment.

More Definitions of Maximum Shares

Maximum Shares. A number of shares equal to (a) the Prepayment Amount divided by (b) [*]% of the Hedge Period Reference Price, or, if greater, the Initial Shares.

Maximum Shares means the number of shares of Conversion Stock which -------------- would be issued at the maximum of the Estimated Price Range.

Maximum Shares shall have the meaning set forth in Section 3.2(c).

Maximum Shares. As set for in the Trade Notification, to be a number of Shares equal to (a) the Prepayment Amount divided by (b) [• •]% of the Hedge Period Reference Price.

Maximum Shares. As specified in Schedule A.

Maximum Shares means Common Shares representing, in aggregate, thirty-eight percent (38%) of the issued and outstanding Common Shares (but in any event not in excess of the lesser of (x) the maximum number of Common Shares which the Requesting Parties may acquire and own without having obtained the Lender Consent until the Lender Consent has been obtained, and, thereafter, the maximum number of Common Shares which the Requesting Parties may acquire and own under the Lender Consent and (y) one hundred and four percent (104%) of the issued and outstanding Common Shares Constructively Owned by the Requesting Parties on March 31, 2017).

Maximum Shares has the meaning specified in Section 10.27(a).