Released Shares definition

Released Shares means those of the Restricted Securities which are released from stock restrictions in accordance with the following automatic timed release schedule: Vesting Date Proportion of Vested Shares 12 months after the Listing Date 100% of the Restricted Securities The Shareholder acknowledges that the Released Shares will be subject to a 12 month hold period beginning on the Listing Date.

Released Shares has the meaning set forth in Section 5.10(b).

Released Shares means those of the Restricted Securities which are released from stock restrictions in accordance with the following automatic timed release schedule: Date of Automatic Timed Release Amount of Restricted Securities Released On the date our securities are listed on the CSE (the “Listing Date”) 1/10 of the Restricted Securities 6 months after the Listing Date 1/6 of the remainder of the Restricted Securities 12 months after the Listing Date 1/5 of the remainder of the Restricted Securities 18 months after the Listing Date 1/4 of the remainder of the Restricted Securities 24 months after the Listing Date 1/3 of the remainder of the Restricted Securities 30 months after the Listing Date 1/2 of the remainder of the Restricted Securities 36 months after the Listing Date The remainder of the Restricted Securities

Examples of Released Shares in a sentence

• The Company may exercise its Clawback Right more than once, provided that the Recoverable Monies as determined by the Committee for the purposes of such subsequent exercise shall not include any amount which has been paid or which is payable to the Company pursuant to the Company’s previous exercise(s) of its Clawback Right in respect of the Released Shares which are the subject of such subsequent exercise.

• Notwithstanding anything to the contrary in this Agreement, the transfer restrictions set forth in Section 1.1 shall not apply to the transfer of any Released Shares (as defined in Section 2) or to a transfer of the Restricted Securities to the Company pursuant to a redemption initiated by the Company or pursuant to that certain Interest Purchase Agreement between the Company and the Restricted Shareholder dated as December , 2019.

• If SAW does not elect to purchase hereunder, the EW Released Shares will thereafter be held by EW free and clear of any further restrictions on sale under this Agreement.

• If EW desires to sell any EW Released Shares, she shall provide written notice of such desire to SAW and, for a period of 48 hours from SAW’s receipt of such notice, SAW shall have the right to purchase any or all of such Shares for a price equal to the closing price of the Shares on the trading day immediately preceding the date of notice.

• The Directors expect that, by the time the Subscriber has issued a Subscription Notice for the Series B Bonds, the Series A Bonds would have been either redeemed or converted and the Chargors would therefore be in a position to charge 195,121,951 of the Released Shares to satisfy the Share Charge Condition in relation to the Series B Bonds.

More Definitions of Released Shares

Released Shares means Shares that are not Unreleased Shares.

Released Shares shall have the meaning ascribed to such term in Section 5.2.

Released Shares means those shares of Restricted Stock no longer subject to Forfeiture in accordance with Section 2 hereof (other than pursuant to Section 2(f), (g) or (h)) at the relevant date of determination.

Released Shares has the meaning ascribed thereto in Section 3.5.1.1 hereof;

Released Shares means Shares that, in accordance with Sections 3.1, 3.2 and 3.3, are no longer subject to repurchase by the Corporation pursuant to Section 4.

Released Shares means the Purchaser Common Shares actually issued to Sellers after the Closing Date pursuant to Section 2.4(d) or in connection with the Holdback pursuant to Section 2.4(e), Section 10.5(b) or Section 10.5(c).

Released Shares means a number of Grant A Restricted Shares, initially equal to zero (0), as recalculated from time to time pursuant to paragraph 4 of this Award Agreement.