Examples of New Restricted Shares in a sentence
Notwithstanding anything to the contrary in this Paragraph 9(b), in the event of Executive’s Early Retirement prior to January 1, 2007, all unvested Earned Duff & Xxxxxx Shares and all unvested New Restricted Shares (to the extent such shares are unvested on the date of such retirement) shall be forfeited as provided in Paragraph 6(d) hereof.
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.
For the avoidance of doubt, 100% of the New Restricted Shares will be vested and nonforfeitable.
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.
Each New Restricted Shares Award shall entitle the holder thereof to receive a number of ID Cayman Shares equal to (i) the number of SM Ordinary Shares subject to the SM Restricted Shares Award multiplied by (ii) 0.0675374, rounded down to the nearest whole number of 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.
Such vesting, or vesting pursuant to other provisions of this Agreement, shall cause and constitute the lapse and termination of the Forfeiture/Repurchase Right and the Transfer Restriction as to the New Restricted Shares that so vest.
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.
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.
Section 2 gives an overview of the proposed computer assisted methodology.