Examples of Retained Shares in a sentence
If the Retained Shares include a fractional share, the Retained Shares will be rounded up to the nearest whole share.
The Retained Shares of Restricted Stock shall vest in accordance with the vesting schedule set forth in the Notice of Grant as though the Retained Shares were the number of shares of Restricted Stock set forth in the Notice of Grant and the remaining shares of Restricted Stock shall be forfeited upon Grantee’s termination of Service.
The Retained Shares of Restricted Stock shall immediately vest on the date Grantee terminates Service and the remaining shares of Restricted Stock shall be forfeited upon Grantee’s termination of Service.
If Grantee terminates Service prior to the Vesting Date, Grantee shall be entitled to receive a portion of the shares of Additional Stock otherwise issuable, under the same circumstances and determined in the same manner as the number of shares of Retained Shares which vest upon the Vesting Date as set forth below in Section 3 of the Restricted Stock Agreement.
The Company may require the Shareholder to furnish the Company such information regarding the Shareholder and the distribution of the Retained Shares as the Company may from time to time reasonably request in writing and as shall be required by law or by the Securities and Exchange Commission in connection with such registration.