Returned Shares definition

Returned Shares has the meaning set forth in Section 12.2.2.

Returned Shares has the meaning assigned to such term in Section 4(b).

Returned Shares means Shares which were originally allocated as Shares subject to an Award by the Company or by the Trustee but such Award has then lapsed, and such Shares are then withheld from distribution to the Participants and issued to or retained by the Trustee as part of the Shares Pool for the purposes of satisfying future Awards granted under the Plan.

Examples of Returned Shares in a sentence

• Unless otherwise specified in the Award Agreement or otherwise determined by the Administrator, if, at the time of death, the Participant is not vested as to the entire Award, the unvested portion of such Award shall be deemed lapsed and the Shares which were the subject of the unvested portion of the Award shall, so far as they have been Awarded Shares, become Returned Shares.

• If, after termination of his or her status as a Service Personnel, the Participant does not exercise his or her vested Award within the time specified herein, the Award shall lapse, and the Shares which were the subject of such Award shall, so far as they have been Awarded Shares, become Returned Shares.

• However, Shares that have actually been issued to, distributed or disposed of by the Trustee under the Plan pursuant to Awards under the Plan shall not become Returned Shares (except if such Shares were issued with respect to Awards which lapse) and shall not become available for future distribution under the Plan unless the limitation in Section 3(a) is not yet utilized or is otherwise increased.

• Unless otherwise specified in the Award Agreement or otherwise determined by the Administrator, if, on the date of termination, the Participant is not vested as to his or her entire Award, the unvested portion of such Award shall be deemed lapsed and the Shares which were the subject of the unvested portion of the Award shall, so far as they have been Awarded Shares, become Returned Shares.

• Regardless of whether any settlement is effected in cash or Shares, the full number of Shares underlying the Share Appreciation Right and subject to settlement shall be counted against the maximum number of Shares which may be issued under Section 3 and shall not be treated as Returned Shares.

More Definitions of Returned Shares

Returned Shares has the meaning set forth in Section 14.2(b) of the Agreement.

Returned Shares defined in Section 5.7.

Returned Shares means the 14,258,555 Alcanna Company Shares which shall be returned to the Company for cancellation pursuant to Section 2.4.

Returned Shares defined in Section 2.13 in the Detailed Terms.

Returned Shares has the meaning set forth in Article 6.3(b). “Rules” has the meaning set forth in Article 7.2.

Returned Shares is defined in Section 10.04(f). ---------------

Returned Shares means Shares and related income which are not vested and/or forfeited in accordance with the Share Award Scheme;