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
Profit Shares are also paid out in respect of Units redeemed as of the end of interim months, to the extent of the applicable percentage of any New Trading Profit attributable to such Units.
Month-end assets are not reduced for purposes of calculating brokerage commissions and administrative fees by any accrued brokerage commissions, administrative fees, Profit Shares or other fees or charges.
Profit Shares are also paid out in respect of Units redeemed (to the extent they exceed the number of Units purchased) as of the end of interim months during a calendar year, to the extent of the applicable percentage of any New Trading Profit attributable to such Units.
Month-end trading assets are not reduced, for purposes of calculating brokerage commissions and administrative fees, by any accrued brokerage commissions, administrative fees, Profit Shares or other fees or charges.
Profit Shares are also paid out in respect of Member redemptions as of the end of interim months, to the extent of the applicable percentage of any New Trading Profit attributable to such Member.
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 the profit share arrangements outlined in item Error! Reference source not found. of Schedule A.
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 shares in the capital of VTTI Operating with profit rights but without voting rights in the general meeting of VTTI Operating. “Purchase Price” has the meaning set forth in Section 1.2. “Sponsor” has the meaning set forth in the preamble. “Sponsor Indemnitees” has the meaning set forth in Section 2.2. “Tax” means (i) any and all federal, state, provincial, county, local or foreign taxes or levies of any kind and any and all other like assessments, customs, duties, imposts, charges or fees, including income, gross receipts, ad valorem, value added, excise, real property, personal property, escheat, asset, sales, use, franchise, license, payroll, transaction, capital, capital gains, net worth, withholding, estimated, social security, utility, workers’ compensation, severance, disability, wage, employment, production, unemployment compensation, occupation, premium, windfall profits, transfer, gains, alternative or add-on minimum, stamp, documentary, recapture, business license, business organization, environmental, profits, lease, or other taxes or other charges imposed by or on behalf or payable to any Governmental Authority, together with any interest, fines, penalties, assessments, or additions resulting from, attributable to, or incurred in connection with any of the foregoing (whether or not disputed) and (ii) any transferee or other secondary or non-primary liability or other obligations with respect to any item in clause (i) above, whether such liability or obligation arises by assumption, operation of law, contract, indemnity, guarantee, as a successor or otherwise. “Tax Return” means any return, declaration, report, statement, election, claim for refund or other written document, together with all attachments, amendments and supplements thereto,