Stock Ownership Requirement definition

Stock Ownership Requirement means, with respect to a corporation, stock owned representing at least 80% of the total voting power and at least 80% of the total value of the stock of such corporation.
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Stock Ownership Requirement means the obligation of Customer to own minimum amounts of Capital Stock in accordance with the Capital Plan.
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Stock Ownership Requirement means ownership of a number of unrestricted freely tradable shares of Common Stock at least equal to the applicable share ownership percentage for the applicable vesting date of the number of shares that were subject to stock option awards granted to you that are designated as “Stock Ownership Requirement Awards”, in each case as adjusted for stock splits, stock dividends or reverse stock splits. For these purposes, “unrestricted freely tradable shares of Common Stock” shall not include (i) derivative securities, including nonvested or unexercised stock options (regardless of whether such stock options become vested or exercisable on the applicable date of determination), and other nonvested or forfeitable equity awards, of the Company, and (ii) shares of nonvested restricted stock of the Company, including shares of restricted stock whose restrictions lapse (or may lapse) on the applicable date of determination. Notwithstanding the foregoing and solely for the purposes of the Stock Ownership Requirement determination, stock units under the FTI Consulting, Inc. Deferred Compensation Plan for Key Employees and Non-Employee Directors will count as “unrestricted freely tradable shares of Common Stock”. The below schedule sets the applicable share ownership percentage for each vesting date.
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Examples of Stock Ownership Requirement in a sentence

  • The Committee expects that Executive will make reasonable progress toward Executive’s Stock Ownership Requirement.

  • The Committee shall establish and maintain an Account for each Participant that will record the number of Shares and Share Equivalents that have been designated in accordance with the terms of this Plan to satisfy the Minimum Stock Ownership Requirement applicable to such Participant.

  • An Eligible Employee shall become a Participant as of the date that the Eligible Employee is first assigned a Minimum Stock Ownership Requirement.

  • The American Electric Power System Stock Ownership Requirement Plan (the “Plan”) was established by American Electric Power Service Corporation (the “Company”) and such subsidiaries of the Parent Corporation that have Eligible Employees to facilitate the achievement and maintenance of Minimum Stock Ownership Requirements assigned to Eligible Employees.

  • Until the applicable Stock Ownership Requirement is achieved, Employee is encouraged to retain the net shares obtained through the Company’s stock incentive plans.

  • Under the Executive Stock Ownership Policy, Executive will have until four years from the Effective Date to comply with the Stock Ownership Requirement.

  • Performance awards held by Employee will count towards the Stock Ownership Requirement at the target level of such awards until settled.

  • Failure to satisfy the Stock Ownership Requirement may impact Employee’s eligibility to receive future cash and equity incentive compensation awards.

  • The property is tax parcel 24-12-07-36-351-012 and is zoned RR Recreational Residential.

  • In the event of a drop in the share price of the Stock from the beginning of each fiscal year through the end of such year commencing with fiscal year 2018 and for each fiscal year thereafter of more than twenty-five percent (25%), Employee will be entitled to an additional twelve month period commencing on April 1 of the next year to comply with the Stock Ownership Requirement.


More Definitions of Stock Ownership Requirement

Stock Ownership Requirement means ownership of a number of unrestricted freely tradable shares of Common Stock at least equal to the applicable share ownership percentage for the applicable vesting date of the number of shares that were subject to stock option awards granted to you that are designated as “Stock Ownership Requirement Awards”, in each case as adjusted for stock splits, stock dividends or reverse stock splits. For these purposes, “unrestricted freely tradable shares of Common Stock” shall not include (i) derivative securities, including nonvested or unexercised stock options (regardless of whether such stock options become vested or exercisable on the applicable date of determination), and other nonvested or forfeitable equity awards, of the Company, and (ii) shares of nonvested restricted stock of the Company, including shares of restricted stock whose restrictions lapse (or may lapse) on the applicable date of determination. Notwithstanding the foregoing and solely for the purposes of the Stock Ownership Requirement determination, stock units under the FTI Consulting, Inc. Deferred Compensation Plan for Key Employees and Non-Employee Directors will count as “unrestricted freely tradable shares of Common Stock”. The below schedule sets the applicable share ownership percentage for each vesting date. 8.33% First Anniversary of Effective Date 16.67% Second Anniversary of Effective Date 25.00% Third Anniversary of Effective Date 33.33% Fourth Anniversary of Effective Date 41.67% Fifth Anniversary of Effective Date 50.00% Sixth Anniversary of Effective Date
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Related to Stock Ownership Requirement

  • Stock Ownership means any direct or indirect ownership of Stock, including any ownership by virtue of application of constructive ownership rules, with such direct, indirect, and constructive ownership determined under the provisions of Section 382 of the Code and the regulations thereunder.

  • Percentage Stock Ownership means the percentage Stock Ownership interest of any Person or group (as the context may require) for purposes of Section 382 of the Code as determined in accordance with the Treasury Regulation § 1.382-2T(g), (h), (j) and (k) or any successor provision.

  • Ownership Restrictions means collectively the Ownership Limit as applied to Persons other than the Initial Holder or Look-Through Entities, the Initial Holder Limit as applied to the Initial Holder and the Look-Through Ownership Limit as applied to Look-Through Entities.

  • Common Stock Ownership Limit means not more than 9.8% (in value or in number of shares, whichever is more restrictive) of the aggregate of the outstanding shares of Common Stock of the Company. The number and value of outstanding shares of Common Stock of the Company shall be determined by the Board of Directors in good faith, which determination shall be conclusive for all purposes hereof.

  • Beneficial Ownership Regulation means 31 C.F.R. § 1010.230.

  • Health Savings Account means an account as permitted under section 223 of the internal revenue code of 1986, 26 USC 223.

  • Listing Requirements means the Main Market Listing Requirements of Bursa Securities.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Defined Contribution Plan Fraction means a fraction, the numerator of which is the sum of the annual additions to a Participant’s accounts under all Defined Contribution Plans maintained by one or more Affiliated Companies, and the denominator of which is the sum of the lesser of (i) or (ii) for such Plan Year and for each prior Plan Year of Service with one or more Related Companies, where (i) is the product of 1.25 multiplied by the dollar limitation in effect under Section 415(c)(1)(A) of the Code for the Plan Year (determined without regard to Section 415(c)(6) of the Code), and (ii) is the product of 1.4 multiplied by the amount which may be taken into account under Section 415(c)(1)(B) of the Code (or Section 415(c)(7) of the Code, if applicable) with respect to the Participant for the Plan Year. Solely for purposes of this definition, contributions made directly by an Employee to a Defined Benefit Plan which maintains a qualified cost-of-living arrangement as such term is defined in Section 415(k)(2) shall be treated as Annual Additions. Notwithstanding the foregoing, the numerator of the Defined Contribution Plan Fraction shall be adjusted pursuant to Treasury Regulations 1.415-7(d)(1) and Questions T-6 and T-7 of Internal Revenue Service Notice 83-10.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Automatic Investment Plan/Dividend Reinvestment Plan means a program in which regular purchases or sales are made automatically in or from investment accounts in accordance with a predetermined schedule and allocation, including dividend reinvestment plans.

  • Aggregate Stock Ownership Limit means not more than 9.8% in value of the aggregate of the outstanding shares of Equity Stock. The value of the outstanding shares of Equity Stock shall be determined by the Board of Directors in good faith, which determination shall be conclusive for all purposes hereof.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • capital accumulation plan means a tax assisted investment or savings plan, including a defined contribution registered pension plan, a group registered retirement savings plan, a group registered education savings plan, or a deferred profit-sharing plan, that permits a plan member to make investment decisions among two or more investment options offered within the plan, and in Québec and Manitoba, includes a simplified pension plan;

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Defined Contribution Plan A retirement plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which the plan may allocate to such participant's account. The Advisory Committee must treat all defined contribution plans (whether or not terminated) maintained by the Employer as a single plan. Solely for purposes of the limitations of Part 2 of this Article III, the Advisory Committee will treat employee contributions made to a defined benefit plan maintained by the Employer as a separate defined contribution plan. The Advisory Committee also will treat as a defined contribution plan an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer and, for taxable years ending after December 31, 1985, a welfare benefit fund under Code Section 419(e) maintained by the Employer to the extent there are post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)).

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Beneficial Ownership Rule means 31 C.F.R. § 1010.230.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Rollover means the renewal of all or any part of any LIBOR Rate Loan upon the expiration of the Interest Period with respect thereto, pursuant to Section 2.3.

  • Ownership Threshold means, with respect to any Person, Beneficial Ownership of the greater of (A) 15% of the Common Shares at any time outstanding or (B) the percentage of the outstanding Common Shares Beneficially Owned by such Person on the date of this Rights Agreement, plus in the case of this clause (B) 1% of the Common Shares outstanding on such date.

  • Risk retention group means any corporation or other limited liability association:

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Company Contribution means that portion of the main extension costs which the Company will fund based upon the following formula: