Examples of Shares Program in a sentence
Executive will receive a grant of 100,000 restricted shares or share units under the Company's Founders Performance Contingent Shares Program, which shall vest according to the terms of the Program based on the Company's total shareholder return ranking as compared to a designated peer group and the Company's targeted five year compounded shareholder return.
Except as otherwise provided in the Founders Performance Contingent Shares Program, Executive must be employed by the Company on December 31, 2004 in order for the restricted shares or share units to vest.
The Public Agencies that purchase Shares from CalTRUST through the Shares Program are collectively referred to herein as “Participants”, and individually, as a “Participant”.
Each such allocation by the Board shall be conclusive and binding upon the Participants of the Shares Program in all Series for all purposes.
Each allocation of liabilities, expenses, costs, charges and reserves by the Board shall be conclusive and binding upon the Participants of the Shares Program in all Series for all purposes.
Any and all notices and communications to which a Member or Participant may be entitled shall be deemed duly given or made if delivered by e-mail or facsimile or other electronic means providing a record of delivery, or, if so requested by such Member or Participant, in person or mailed, postage prepaid, addressed to the Member or Participant of record at its address as recorded in the account records for CalTRUST or the Shares Program.
A register for the Shares Program (the “Shares Register”) shall be kept at the principal executive office of CalTRUST or at such place as the Board shall designate containing the names and addresses of all Participants of the Shares Program and the number and Series of Shares held by them respectively and a record of all transfers thereof.
The Participants of the Shares Program in any Series shall not be entitled thereby to any distribution upon liquidation of any other Series.
The interests of the Participants in the Shares Program established hereunder shall be divided into transferable units to be called Shares of beneficial interest, $0.01 par value (the “Shares”).
The purpose of CalTRUST is to consolidate investment activities of the Participants and thereby reduce duplication, achieve economies of scale and carry out coherent and consolidated investment strategies through the Shares Program (as described in Articles VI and VII hereof).