Examples of New Restricted Shares in a sentence
Executive acknowledges that all matters concerning the New Restricted Shares shall be governed by the Incentive Plan, except as otherwise set forth herein or in the restricted share award agreement evidencing the New Restricted Shares attached hereto as Exhibit A.
Tylerstone and nCoat understand and agree that the consummation of this Agreement including the issuance of the Tylerstone New Shares, Tylerstone New Restricted Shares and, if applicable, the New Additional Shares, to the nCoat Shareholders in the Exchange for the nCoat Shares as contemplated hereby constitutes the offer and sale of securities under the Securities Act of 1933, as amended (the “Securities Act”) and applicable state statutes.
The Employer and Employee agree that for purposes of calculating the “Future Shares Value”, the parties shall use all restricted shares that may be granted to Employee during the Extended Employment Period, including without limitation, New Restricted Shares.
The New Restricted Shares will be granted pursuant to Section 7 of the Equity Incentive Plan and shall be evidenced by and be subject to the execution by the Executive of an Award Agreement.
The New Restricted Shares will vest in five equal installments on the 1st, 2nd, 3rd, 4th, and 5th anniversaries of the Commencement Date, provided, with respect to each such anniversary date, that the Executive remains a full time employee under this Agreement in order to vest the applicable 20% of the Shares, and shall otherwise be subject to the terms and conditions set forth in the Equity Incentive Plan and such Award Agreement.
The New Restricted Shares shall be subject to all terms of the equity incentive plan pursuant to which it is granted and Activision Blizzard’s standard forms of award agreement.
For the Regulation Governing the Issuance of New Restricted Shares for Employees in 2021, please refer to P.43-P.46, Attachment 7.
The Parties acknowledge and agree that Tylerstone New Shares, Tylerstone New Restricted Shares and, if applicable, the New Additional Shares shall be subject to Rule 144 and subject to Section 4.11 herein.
The Employer and Employee agree that for purposes of calculating the “Aggregate Earned Limit”, the parties shall use all restricted shares and stock options that may be granted to Employee during the Extended Employment Period, including without limitation, New Restricted Shares and New Stock Options.
Employee acknowledges that the grant of the New Restricted Shares is expressly conditioned upon approval by the Compensation Committee, and that the Compensation Committee has discretion to approve or disapprove the grant of the New Restricted Shares and/or to determine and make modifications to the terms of the New Restricted Shares.