Restricted Shares definition

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

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Restricted Shares means the shares of Stock underlying a Restricted Stock Award that remain subject to a risk of forfeiture or the Company’s right of repurchase.

Restricted Shares means an Award of Shares under Section 5(d) that may be subject to certain restrictions and to a risk of forfeiture.

Examples of Restricted Shares in a sentence

• The Restricted Shares shall be eligible to be earned between zero percent (0%) and two hundred percent (200%) of the target number of Restricted Shares subject to the award based on the Company’s cumulative Incentive EBITDA achievement over the Performance Period, as set forth below.

• The Performance-Contingent RSUs, Performance Units, Restricted Shares, and Performance Shares will vest in accordance with the vesting provisions set forth in the Notice of Grant.

• Upon the termination of the Participant’s relationship with the Company (and/or a Subsidiary) as a Service Provider for any reason other than the death of the Participant prior to the Earned Restricted Shares Vesting Date, any then outstanding Restricted Shares will be automatically and immediately forfeited for no consideration.

• The Administrator shall determine the extent to which, if at all, the Performance Conditions described in Sections 2-4 above have been met and the number of Performance-Contingent RSUs, Performance Units, Restricted Shares and Performance Shares, as applicable, that have become Earned RSUs, Earned Units, Earned Restricted Shares and Earned Performance Shares, as applicable, hereunder.

• Any Earned RSUs, Earned Units, Earned Restricted Shares or Earned Performance Shares, as applicable, shall be rounded down to the nearest whole number of shares and any fractional Earned RSUs, Earned Units, Earned Restricted Shares or Earned Performance Shares, as applicable, shall be disregarded.

More Definitions of Restricted Shares

Restricted Shares means Shares granted or sold pursuant to Section 8 as to which neither the substantial risk of forfeiture nor the prohibition on transfers referred to in such Section 8 has expired.

Restricted Shares or “Restricted Stock” means shares of Common Stock awarded to a Participant under this Plan, subject to payment of such consideration, if any, and such conditions on vesting (which may include, among others, the passage of time, specified performance objectives or other factors) and such transfer and other restrictions as are established in or pursuant to this Plan and the related Award Agreement, for so long as such shares remain unvested under the terms of the applicable Award Agreement.

Restricted Shares means shares of Common Stock granted or sold pursuant to Section 6 of this Plan as to which neither the substantial risk of forfeiture nor the prohibition on transfers referred to in such Section 6 has expired.

Restricted Shares means Shares, granted under Article 8, that are both subject to forfeiture and are nontransferable if the Grantee does not satisfy the conditions specified in the Award Agreement applicable to such Shares.

Restricted Shares means Common Shares granted or sold pursuant to Section 6 of this Plan as to which neither the substantial risk of forfeiture nor the prohibition on transfers has expired.

Restricted Shares means an Award of Shares granted pursuant to Section 9 of the Plan subject to certain restrictions that lapse at the end of a specified period or periods.

Restricted Shares means Shares granted pursuant to Section 9 below subject to certain restrictions that lapse at the end of a specified period or periods.