Qualified Restricted Stock definition

Qualified Restricted Stock means an Award of Restricted Stock designated as Qualified Restricted Stock by the Committee at the time of grant and intended to qualify for the exemption from the limitation on deductibility imposed by Section 162(m) of the Code that is set forth in Section 162(m)(4)(C).
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Examples of Qualified Restricted Stock in a sentence

  • If for any reason an Award does not satisfy the requirements of the French tax authorities for favourable income tax and social security treatment (to qualify as a Qualified Restricted Stock Unit), then the Company or the empowered corporate body can take such actions, including changing the Vesting Period and/or the Holding Period (both as defined below) as it considers reasonably necessary to achieve such treatment.

  • This French Schedule shall only apply to Qualified Restricted Stock Units granted as conditional rights to acquire Shares.

  • The rules of the Agreement and the Appendix shall apply, subject to the modifications contained in this French Schedule, whenever the Company or the empowered corporate body decides to grant Qualified Restricted Stock Units to Eligible Employees under this French Schedule.

  • The sale of shares issued pursuant to the conversion of the French Qualified Restricted Stock Units may occur as soon as the shares are delivered to the Employee, subject to such Employee complying with the Holding Period for the French Qualified Restricted Stock Units vested before the second anniversary of the Grant Date.

  • For the avoidance of doubt, (i) none of the vested French Qualified Restricted Stock Units shall be settled in cash and (ii) Employee will have all rights as a stockholder of the Company with regard to the Restricted Stock Units as of the date of delivery of the shares.

  • These Closed Periods will apply to grant of French Qualified Restricted Stock Units as long as and to the extent such Closed Periods are applicable under French law.

  • By way of exception, upon Termination of Employment from the Company by reason of Employee’s death, (i) all French Qualified Restricted Stock Units that are not vested at that time immediately will become vested in full and (ii) the Company shall issue the underlying shares to the Employee’s heirs, at their request, within six months following the death of the Employee.

  • Upon Termination of Employment from the Company by reason of Employee’s death, all French Qualified Restricted Stock Units that are not vested at that time immediately will become vested in full.

  • Accordingly, the Restricted Stock Units granted under this French sub-plan will be deemed French Qualified Restricted Stock Units and are intended to be eligible for the specific income and social security tax regime applicable to shares granted for no consideration under the Articles L.▇▇▇-▇▇▇-▇ to L.▇▇▇-▇▇▇-▇ of the French Commercial Code.

  • Notwithstanding the vesting dates of the Restricted Stock Units, under no circumstances, except in case of Employee’s death, as provided for in Section 2(c) below, will the delivery of the shares related to a French Qualified Restricted Stock Unit occur prior to the third anniversary of the Grant Date.