Profit Shares definition

Profit Shares is defined in the VTTI Operating Charter.

Profit Shares means the number of shares of Stock the Participant would otherwise be eligible to receive upon the Participant’s exercise of an Option by delivering the exercise price in shares of Stock. Specifically, the number of Profit Shares received upon such an exercise equals the difference between the number of shares subject to an Option and the number of shares that, in the aggregate, have a Total Market Value equal to the exercise price of an Option. Any amount realized upon such an exercise that would not represent a whole share of Stock is described herein as a fractional Profit Share.

Profit Shares means with respect to an exercise of an option under the Stock Option Plan, a number of shares of Common Stock (rounded to the nearest one-one hundredth of a share) equal to (a) the excess of the Fair Market Value per share of Common Stock at the date of exercise multiplied by the number of shares covered by the option exercise over the aggregate exercise price of the shares so purchased, divided by (b) the Fair Market Value per share at the date of exercise.

Examples of Profit Shares in a sentence

• You further represent and warrant to the Company that You intend to hold Your Profit Shares without the intent of participating directly or indirectly in a distribution of the Profit Shares.

• You understand and agree that Your representations and warranties contained herein are to be relied upon by the Company as a basis for the exemption of the issuance of the Profit Shares from the registration requirements of the Securities Act of 1933, as amended (the “Act”), and the exemptions from registration contained in applicable state securities laws.

• For purposes of this Section 8, “Pro Rata Share” shall mean, with respect to AL: 50%, and with respect to each of SCS and DCP: 25%; and in any event, neither AL, SCS, nor DCP shall ever be required to indemnify Eton for any sum in excess of the aggregate respective Profit Shares payment received by such indemnifying party.

• The Company may inform You of your then current Percentage of Profit Shares from time to time.

• You further understand and agree that the Company has not prepared, and that it has not been requested by You to prepare, a comprehensive written prospectus or disclosure statement in connection with the issuance of the Profit Shares to You, covering the business of the Company, operations, management, financial condition or prospects of the Company of the nature that otherwise might be required if the sale of the Profit Shares to the You were required to be registered under the Act.

More Definitions of Profit Shares

Profit Shares means, (A) with respect to any exercise of an Option, the number of shares equal in value to the excess of (i) the Fair Market Value of the shares of Stock purchased on Option exercise over (ii) the exercise price of the shares of Stock purchased, divided by the Fair Market Value of one share of Stock, and (B) with respect to any Stock Award, the number of shares payable upon the vesting of such Award For purposes of this definition, Fair Market Value shall be determined as of the date of Option exercise.

Profit Shares means the profit share arrangements outlined in item 3 of Schedule A of the 2012-2016 CBA. Representative Football Matches means matches between Players who are selected to play on the basis of a certain criteria including but not limited to their original State or Territory of Australia, but excludes an International Rules Match. Rookie means a player who is included on the Rookie List of an AFL Club in accordance with the AFL Rules. Rookie List has the same meaning as described in the AFL Rules. Second Year Player means a Player who is listed on the Primary List of an AFL Club who in the previous year was a First Year Draft Choice Player. Senior Match means a Match played in the AFL Premiership Season and/or in the AFL Finals Series. Sponsor of an AFL Club means a person, corporation or entity from time-to-time holding the right, consistent with this Agreement, to display its name, reputation, image, products or services on any playing apparel of any AFL Club or who or which is otherwise designated by an AFL Club, consistent with this Agreement, to be a sponsor. Standard Playing Contract means the form of contract, as agreed between AFL and AFLPA, for the employment of a Player by an AFL Club to play Australian Football. State Body has the same meaning as described in the AFL Rules.

Profit Shares means the number of shares of Stock acquired pursuant to the exercise of an Option (or Reload Option) having a Fair Market Value on the date of exercise equal to the excess of the aggregate Fair Market Value of the Stock purchased upon exercise of such Option (or Reload Option) over the aggregate Exercise Price of such Option (or Reload Option).

Profit Shares means shares of Common Stock issued to a director upon vesting of Common Stock Equivalents net of amounts necessary to satisfy the option exercise price and/or tax obligations.

Profit Shares means (1) the number of Common Stock shares acquired by Stock Option exercise, minus (2) the number of Mature Common Shares used to exercise the Stock Option.

Profit Shares means the number of shares determined by dividing (i) the excess of (A) the aggregate market value of the shares of Class A Common Stock acquired upon such exercise over (B) the aggregate purchase price of the shares of Class A Common Stock plus applicable tax withholding by (ii) the market value of one share of Class A Common Stock on the date of exercise.

Profit Shares means the shares of Common Stock deliverable upon ------------- exercise of an Option which are in excess of the number of shares used to pay the exercise price of the Option.