Nonvested Shares definition

Nonvested Shares means from time to time the Option Shares which are not Vested Shares. Once all of the Option Shares become Vested Shares, there will be no Nonvested Shares.
Sample 1Sample 2Sample 3
Nonvested Shares means, at any given time, all of the Award Shares that are not Vested Shares.
Sample 1
Nonvested Shares means 80% of the aggregate number of shares of Stock offered by this Option.
Sample 1

Examples of Nonvested Shares in a sentence

  • In no event shall you be entitled to exercise the Option for any Nonvested Shares or for a fraction of a Vested Share.

  • The Company has the right to retain the certificates representing Nonvested Shares in the Company’s possession until such time as all restrictions applicable to such shares have been satisfied.

  • The Company has the right to retain the certificates representing Nonvested Shares in the Company’s possession until such time as all restrictions applicable to such Shares have been satisfied.

  • Except as provided herein, if Grantee's service with the Company ceases for any reason other than Grantee’s (a) death, (b) Disability, (c) Retirement, or (d) termination by the Company without Cause, any Nonvested Shares will be automatically forfeited to the Company, subject to the re-payment by the Company at the lesser of (1) the original purchase price paid by the Participant pursuant to the Award Agreement or (2) the Shares’ Fair Market Value on the date of repurchase.

  • The death of Executive shall immediately terminate this Agreement with no severance compensation due Executive's estate; provided, however, all Nonvested Shares, if any, shall immediately vest in full.

  • If Executive becomes entitled to receive benefits under an insured long-term disability plan of the Company that includes its officers, the Company may terminate Executive's employment hereunder with no severance compensation due Executive; provided, however, all Nonvested Shares, if any, shall immediately vest in full.

  • In no event shall the Participant be entitled to exercise the Option with respect to Nonvested Shares or a fraction of a Vested Share.

  • In no event shall you be entitled to exercise the Option for any Nonvested Shares or for a fraction of a Vested Share or for less than 100 shares (unless the number purchased is the total balance for which the Option is then exercisable).

  • At such time as Grantee's Business Relationship with the Corporation ceases for any reason, including death, then, in such event, any Nonvested Shares shall be automatically forfeited to the Corporation unless the Corporation otherwise notifies the Grantee, subject to the re-payment by the Corporation of the total purchase price specified in the Notice of Grant.

  • Upon notice from the Corporation of such forfeiture, the Grantee shall immediately return to the Corporation any stock certificate that evidences Nonvested Shares and shall execute any and all such documents and instruments to allow the Corporation to reacquire the forfeited shares.


More Definitions of Nonvested Shares

Nonvested Shares means and include all Shares held by a Management Shareholder which have not yet vested in accordance with the vesting provisions applicable to such Shares in accordance with Section 3.08(b) of the Series B Purchase Agreement.
Sample 1
Nonvested Shares means 80% of the aggregate number of shares of Stock offered by this Option. ECML000656070 EXH024-00034 � ============= Page 27 of 46 ============= "Plan" shall mean the Enron Corp. 1991 Stock Plan, as amended from time to time. "Retirement" shall mean the termination of Employee's employment with the Company on or after December 31, 2001, provided that Employee has remained continuously employed by the Company from the date of grant hereof through such termination date pursuant to the terms of the Employment Agreement. "Total Enron Shareholder Return" means, with respect to a specified period, the Total Shareholder Return during such period for a share of Stock. "Total Shareholder Return" means, with respect to a specified period, the sum during such period of the appreciation or depreciation in the price of a share of a company's common stock and the dividends paid, expressed on a percentage basis, as calculated by the Committee in a manner consistent with that used to calculate "Total Shareholder Return" under the Company's Performance Unit Plan as of the date of grant of this Option. "Year" shall mean the 12-month period beginning on January 1 and ending on December 31. Capitalized terms used in this Agreement but not defined herein are defined in the Plan and are used herein with the meanings ascribed to them in the Plan. III.
Sample 1

Related to Nonvested Shares

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Unvested Shares means "Unvested Shares" as defined in the Award Agreement.

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

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Award Shares means Shares covered by an outstanding Award or purchased under an Award.

  • Restricted Shares shall have the respective meanings set forth in Section 2.14.

  • Unvested Units means those Units listed as unvested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Plan Shares means the total number of Common Shares which may be reserved for issuance as Optioned Shares under the Plan as provided in §2.2;

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Interested Shares means the shares of an issuing public corporation in respect of which any of the following persons may exercise or direct the exercise of the voting power of the corporation in the election of directors:

  • Optioned Shares means the shares of Common Stock that are issued pursuant to the exercise of the Options;

  • Covered Shares means, with respect to the Shareholder, (i) the Existing Shares, together with (ii) any shares of Common Stock or other voting capital stock of the Company and any securities convertible into or exercisable or exchangeable for shares of Common Stock or other voting capital stock of the Company, in each case under this clause (ii) that such Shareholder acquires Beneficial Ownership of on or after the date hereof.

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

  • Retained Shares has the meaning set forth in the recitals.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • RSU Shares means shares of Common Stock that underlie an RSU.

  • Converted Shares means the Subject Equity Shares resulting from the conversion of Limited Voting Shares into the Subject Equity Shares pursuant to subparagraph (ii);

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • RSUs means restricted stock units.

  • Company Restricted Shares Section 2.4(c)

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

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.

  • Escrowed Shares has the meaning set forth in Section 2.4.

  • Awarded Stock means the Common Stock subject to an Award.