Suspense Shares definition

Suspense Shares means shares of Company Common Stock allocated to the suspense account pursuant to the ESOP.
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Suspense Shares means 486,451 shares of Fox Chase Common Stock held in the suspense account pursuant to the ESOP, ESOP Loan and ESOP Pledge Agreement.
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Suspense Shares has the meaning given to such term in Section 5.7(a)(vi)(B) of this Agreement.
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Examples of Suspense Shares in a sentence

  • If the Final Resolution Date occurs as a result of Involuntary Termination, then the Suspense Shares will thereupon immediately vest and become Earned and released from Escrow in their entirety.

  • If the Final Resolution Date occurs for any reason other than Involuntary Termination, the Suspense Shares will thereupon immediately be forfeited and automatically reacquired by the Company at no cost to the Company.

  • The Company shall cause the ESOP’s plan administrator to direct the Trustee to remit a sufficient amount of the Suspense Shares back to the Company to repay the outstanding ESOP Loan in full, and the proceeds of the sale of the Suspense Shares shall be used to repay the outstanding balance of the ESOP Loan as of the Effective Time, with each remitted share to be valued equal to the Merger Consideration.

  • Until surrendered as contemplated by this Section 2.5(b), each Certificate (other than Certificates representing Treasury Stock and any Suspense Shares) shall be deemed at any time after the Effective Time to represent only the right to receive upon such surrender the Merger Consideration provided in Sections 2.1, 2.3 and 2.4 and any unpaid dividends and distributions thereon as provided in Section 2.5(c).

  • All remaining shares of WBKC Common Stock held by the ESOP (including the remaining Suspense Shares) shall be converted into the right to receive the Merger Consideration.

  • As of the date of this Agreement, there are (a) 11,598,869 shares of Fox Chase Common Stock issued and outstanding, (b) 3,141,201 shares of Fox Chase Common Stock held by Fox Chase as Treasury Stock, (c) 477,316 shares of Fox Chase Common Stock which have been allocated under the ESOP, (d) 486,451 shares of Fox Chase Common Stock which are Suspense Shares, and (e) no other shares of capital stock or other voting securities of Fox Chase issued, reserved for issuance or outstanding.

  • The Company shall direct the repayment of any outstanding ESOP debt in full (including ESOP loan(s) and accrued interest) by directing the ESOP trustee to first use any cash remaining in the suspense account to repay such ESOP debt and then, if and as necessary, to remit a sufficient number of Suspense Shares back to the Company to repay any remaining ESOP debt in full, .

  • The following table sets forth the number of shares held in the Leveraged ESOP at year-end: 1996 1995 1994 --------- --------- --------- Allocated Shares 1,042,763 898,172 758,430 Committed to be Released Shares 6,744 9,683 8,909 Suspense Shares 2,589,446 2,836,500 3,089,631 Prior to 1995, Cyprus Amax sponsored other defined contribution plans which have been merged into the Savings Plan.

  • Mukta and Usha completed an examination to foresee the scholastic execution of business college graduates utilizing neural systems and conventional factual methods and the outcomes were contrasted with assess the execution of these procedures.

  • If the proceeds of the sale of the Suspense Shares are insufficient to repay the outstanding balance of the ESOP Loan in full, the Company shall forgive the remaining balance of the ESOP Loan (after application of the proceeds of the sale of the Suspense Shares).


More Definitions of Suspense Shares

Suspense Shares means shares of Company Common Stock allocated to the suspense account pursuant to the ESOP .
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Related to Suspense Shares

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Consideration Shares has the meaning ascribed thereto in Section 2.2.

  • Exchange Shares has the meaning set forth in Section 2.01(b).

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Remaining Shares has the meaning set forth in Section 4.1.2.

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Sold Shares shall have the meaning specified in Section 6.

  • Exercise Shares means the shares of Common Stock issuable upon exercise of this Warrant.

  • Settlement Shares With respect to any Settlement Date, a number of Shares, not to exceed the Base Amount, designated as such by Party B in the related Settlement Notice or by Party A pursuant to “Termination Settlement” below; provided that on the Maturity Date the number of Settlement Shares shall be equal to the Base Amount on such date.

  • Subco Shares means the common shares in the capital of Subco;

  • Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.

  • Acquired Shares has the meaning set forth in the Recitals.

  • Acquisition Shares means each class of shares of beneficial interest of an Acquiring Fund to be issued to the corresponding Target Fund in a reorganization under this Agreement.

  • Pubco Shares means fully paid and non-assessable common shares of Pubco to be issued to the Selling Shareholders by Pubco upon Closing on the basis of 10 Priveco Share for 12,380,951 Shares;

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

  • Full Entitlement Share(s) shall have the respective meanings set forth in Section 2.12.

  • Purchase Shares has the meaning set forth in Section 2.2(a) hereof.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

  • Earn-Out Shares has the meaning provided in Section 2.2(b).

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.

  • Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

  • Put Shares means all shares of Common Stock issued, or that the Company shall be entitled to issue, per any applicable Put Notice in accordance with the terms and conditions of this Agreement.