Examples of Share Award Scheme in a sentence
Awarded Shares A total of 8,336,810 Awarded Shares will be granted to Xx. Xxxxx, Xxx-Xxxx and Xx. Xx, Xxxx-Xxxx under the Share Award Scheme, among which 4,168,405 Awarded Shares will be awarded to Xx. Xxxxx, Xxx-Xxxx and 4,168,405 Awarded Shares will be awarded to Xx. Xx, Lung-Xxxx subject to vesting conditions.
Pursuant to the Operation and Share Incentive Agreement, the Company has agreed, among other matters, to, upon Completion and subject to the satisfaction of the conditions precedent as set out in the Operation and Share Incentive Agreement, grant 11,663,190 Share Options and 8,336,810 Awarded Shares to Xx. Xxxxx, Xxx-Xxxx and Xx. Xx, Lung-Xxxx under the Share Option Scheme and Share Award Scheme.
The Board will determine at its absolute discretion such number of Award Shares to be granted to the Selected Employee under the Share Award Scheme with such vesting criteria and conditions as it may deem appropriate.
On 20 September 2022, the Board (including all independent non-executive Directors), based on the recommendation of the Remuneration Committee and pursuant to the Share Award Scheme, resolved to grant a total of 27,561,000 Restricted Shares to 104 Selected Participants.
As a result of the grant of a total of 27,561,000 Restricted Shares to 104 Selected Participants, the number of Shares available for future grant under the Share Award Scheme is 23,311,200 Shares.