Examples of Non-Vested Shares in a sentence

The Committee shall have the power and authority to enforce on behalf of the Company any rights of the Company under this Agreement in the event of the Recipient’s forfeiture of Non-Vested Shares pursuant to this Section 4.
Any cash dividends paid with respect to Non-Vested Shares shall at all times be subject to the provisions of this Agreement (including the vesting and forfeiture provisions set forth above); any such cash dividends paid with respect to such Non-Vested Shares shall vest as such shares become Vested Shares, and shall be paid to the Participant on the date the Non-Vested Shares to which such cash dividends relate become Vested Shares.
In no event shall you be entitled to exercise the Option for any Non-Vested Shares or for a fraction of any Vested Share.
The Participant shall not be permitted to sell, transfer, pledge, hypothecate, margin, assign or otherwise encumber any of the Non-Vested Shares until such shares become Vested Shares in accordance with Section 3.
Consequently, the forfeiture of both Vested Shares and Non-Vested Shares is fair and reasonable under the circumstances.

More Definitions of Non-Vested Shares

Non-Vested Shares means Shares held by the Executive that are not

Non-Vested Shares means any Shares of the Restricted Stock subject to this Agreement that have not become vested pursuant to this Section 2. “Second Award” means that number of Shares of Restricted Stock amounting to an aggregate amount equal to 16.66875% of the Net Operating Income received by the Company from the effective date of Grantee’s Employment Agreement with the Company until the Second Award Date pursuant to the Master Agreement, as calculated based on the Common Stock Value as determined on the Second Award Date; provided, that if such calculation shall result in a fractional Share, such fraction shall be disregarded. “Related Entity” means the Company’s wholly-owned subsidiaries on or after the Effective Date, including without limitation ECS Labs LLC, a Texas limited liability company and/or its wholly-owned subsidiaries, and any other wholly-owned subsidiaries of the Company. “Vested Shares” means any Shares of the Restricted Stock subject to this Agreement that have become vested pursuant to this Section 2.

Non-Vested Shares means shares of Stock that have been allocated to a Participant’s Account for less than 24 months.

Non-Vested Shares has the meaning specified in Section 4(a) of this Agreement.

Non-Vested Shares. The percentage of the shares covered by this Agreement which shall be "Non-Vested Shares" shall be determined solely on the basis of the length of time from the date of this Agreement that the Employee remains in the employ of the Company. Until May 4, 1999, all of the shares covered by this Agreement shall be Non-Vested Shares. Effective upon the aforementioned date, twenty-five percent (25%) of the shares covered by this Agreement shall cease to be Non-Vested Shares. Thereafter, the number of shares constituting Non-Vested Shares at any given time shall be further reduced in twelve (12) quarterly installments, each equal to six and one-quarter percent (6.25%) of the shares subject to this Agreement, with each to be effective as of the 4th day of each of August, November, February and May commencing on August 4, 1999. Therefore, all shares shall be Vested Shares on and after May 4, 2002. For purposes of this Agreement, any reference to Vested Shares" shall mean those shares subject to this Agreement which are no longer "Non-Vested Shares". Notwithstanding the foregoing, all of the Employee's shares subject to this Agreement shall become Vested Shares and none of the shares covered hereby shall remain Non-Vested Shares at such time as the repurchase rights of the Company under this Section 4 have expired.

Non-Vested Shares shall be determined as set forth in this Section 5.1. The vesting start date shall commence October 1, 2008 (the “Start Date”). Subject in each case to Purchaser being in Continuous Status as a Service Provider to the Company, the number of shares constituting Non-Vested Shares shall be reduced in forty-eight (48) equal monthly installments of 2.0833% each, with the first of such monthly reductions to be effective on November 1, 2008 and the remaining monthly reduction to be effective on the first (1st) day of each of the next forty-seven consecutive calendar months thereafter. If at any time Purchaser ceases to be in Continuous Status as a Service Provider to the Company, there shall be no further reduction in the number of Non-Vested Shares as of the date on which Purchaser ceases to be in Continuous Status as a Service Provider to the Company, except as provided in Section 5.2. Upon termination of Purchaser’s continuous status as a Service Provider to the Company, all Non-Vested Shares shall be returned back to the Company for no monetary consideration and the Purchaser shall forfeit all Non-Vested Shares back to the Company. For purposes of this Agreement, any reference to “Vested Shares” shall mean those shares of Stock subject to this Agreement which are no longer Non-Vested Shares.

Non-Vested Shares means any portion of the Performance Stock subject to this Agreement that has not become vested pursuant to this Section 2.