Target Number of Shares definition

Target Number of Shares means that number of Common Shares that satisfies the following two conditions:
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Target Number of Shares means that the number of Common Shares and/or Convertible Securities beneficially owned by the CBG Group satisfies the following two conditions:
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Target Number of Shares means the target number of Performance Stock Units set forth in the Notice of Grant.
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Examples of Target Number of Shares in a sentence

  • So long as the CBG Group continues to hold at least the Target Number of Shares, the Board shall not (i) propose or resolve to change the Board Size, except where otherwise required by Applicable Law, as provided in Section 2.1(h), or with the consent of the Holder, or (ii) present a slate of Company Nominees to the shareholders of the Company for election to the Board that is greater than or fewer than the Board Size.

  • The number of Restricted Share Units which may become Earned Award Units will be between 0% and [___]% of the Target Number of Shares depending on whether and to what extent the Performance Goals are achieved by the Company.

  • The aggregate number of Shares granted under this Award that vest based on attainment of the Goals shall be equal to (A) the DSCF ps Percentage Achieved (as defined below) multiplied by 50% of the Target Number of Shares plus (B) the BOE Percentage Achieved (as defined below) multiplied by 50% of the Target Number of Shares.

  • Notwithstanding the vesting schedule set forth above, in the event of the Recipient’s Termination of Employment due to death or Disability before all of the Shares have vested, and before March 1, 2015, all Forfeiture Restrictions will immediately lapse upon the date of such Termination of Employment due to death or Disability with respect to 100% of the Target Number of Shares.

  • For example, if the Company’s share price is $10 on the Performance Period Commencement Date, the Employee’s Target Number of Shares is 100, the Employee earns 200% of the Target Number of Shares (or 200 shares), the value of such shares on the Performance Share Payment Date is $50, the number of the shares will be reduced because the value of the shares on the Performance Share Payment Date exceeds 300% of the value of the shares on the Performance Period Commencement Date.

  • Participant Name: _____________________ Participant is a (check one box): US Participant ¨ or Canadian Participant ¨ or Both ¨ Award Date: _______________________ PBRSU Service Year (Canadian Participants only): _______ Target Number of Shares Subject to Award:_______ Shares Performance Period: [Insert dates of three-year performance period.] Performance Goal(s): The performance standard reviewed and approved by the Committee and reflected in the resolutions of the Committee.


More Definitions of Target Number of Shares

Target Number of Shares. There are three separate Awards granted hereby. Each is a “Tranche,” and will be separately, the “First Tranche”, the “Second Tranche”, and the “Third Tranche,” respectively. The Target Number of Shares subject to the First Tranche is 129,282, the Second Tranche is 129,283 and the Third Tranche is 129,283. For the avoidance of doubt, except as provided in paragraph 3 of the Agreement, it is understood that a Participant’s rights, if any, with respect to any one Tranche shall be determined independently of the Participant’s rights, if any, with respect to any other Tranche.
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Target Number of Shares. There are two separate Awards granted hereby. Each is a “Tranche,” and will be separately, the “First Tranche” and the “Second Tranche,” respectively. The Target Number of Shares subject to the First Tranche is 97,970, and the Target Number of Shares subject to the Second Tranche is 97,970. For the avoidance of doubt, except as provided in paragraph 3 of the Agreement, it is understood that a Participant’s rights, if any, with respect to any one Tranche shall be determined independently of the Participant’s rights, if any, with respect to any other Tranche.
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Target Number of Shares means that the number of securities beneficially owned by the Wayland Group (on a fully diluted basis, assuming the conversion or exercise of such securities) that satisfies the condition that such securities represent no fewer than 30,000,000 Common Shares in the capital of the Company, subject to adjustment for any share consolidation or share reclassification involving the Company.
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Target Number of Shares will mean 400,000 shares.
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Target Number of Shares. (the “Target Shares”) Performance Period: ____________ until the earlier of (i) ____________ and (ii) the date of a Change in Control (“Performance Period”)
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Related to Target Number of Shares

  • Number of Shares As of any date, the product of (i) the Number of Options, (ii) the Conversion Rate and (iii) the Applicable Percentage.

  • Maximum Number of Shares is defined in Section 2.1.4.

  • Maximum Share Amount shall have the meaning set forth in Section 2.01(c).

  • Applicable Share Limit means a number of Shares equal to (A) the minimum number of Shares that could give rise to reporting or registration obligations or other requirements (including obtaining prior approval from any person or entity) of a Dealer Person, or could result in an adverse effect on a Dealer Person, under any Applicable Restriction, as determined by Dealer in its reasonable discretion, minus (B) 1% of the number of Shares outstanding.

  • Common Stock Price means, as of a particular date, the average of the Fair Market Value of one share of Common Stock over the fifteen (15) consecutive trading days ending on, and including, such date (or, if such date is not a trading day, the most recent trading day immediately preceding such date); provided, however, that if such date is the date upon which a Transactional Change of Control occurs, the Common Stock Price as of such date shall be equal to the fair value, as determined by the Committee, of the total consideration paid or payable in the transaction resulting in the Transactional Change of Control for one share of Common Stock.

  • Share Dilution Amount means the increase in the number of diluted shares outstanding (determined in accordance with GAAP, and as measured from the date of the Company’s most recently filed Company Financial Statements prior to the Closing Date) resulting from the grant, vesting or exercise of equity-based compensation to employees and equitably adjusted for any stock split, stock dividend, reverse stock split, reclassification or similar transaction.

  • Total Exercise Price shall have the meaning set forth in Section 4(a) hereof.

  • Applicable Stock Price means, in respect of a Conversion Date, the average of the Closing Sale Prices per share of Common Stock over the five-Trading Day period starting the third Trading Day following such Conversion Date.

  • Fully Diluted Share Number means the aggregate number of shares of Company Stock outstanding immediately prior to the Effective Time (other than shares of Company Common Stock owned by the Company which are to be cancelled and retired in accordance with Section 2.08(a)), including the shares of Company Common Stock issued in connection with exercise of Options and the shares of Company Note Conversion Common Stock issued in connection with the conversion of Convertible Notes.

  • Ordinary Shares Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Ordinary Shares, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Ordinary Shares.

  • Closing Price Per Share means, with respect to the Common Stock, for any day, (i) the last reported bid price regular way on the Nasdaq National Market or, (ii) if the Common Stock is not quoted on the Nasdaq National Market, the last reported sale price regular way per share or, in case no such reported sale takes place on such day, the average of the reported closing bid and asked prices regular way, in either case, on the principal national securities exchange on which the Common Stock is listed or admitted to trading, or (iii) if the Common Stock is not quoted on the Nasdaq National Market or listed or admitted to trading on any national securities exchange, the average of the closing bid prices in the over-the-counter market as furnished by any New York Stock Exchange member firm selected from time to time by the Company for that purpose.

  • Initial Exercise Price shall have the meaning set forth in Section 2.4.1.

  • Pubco Common Stock means all classes and series of common stock of Pubco, including the Class A Common Stock and Class B Common Stock.

  • Per Share Value means the average value of the consideration to be received in respect of each outstanding Common Share pursuant to the Qualifying Transaction as determined by mutual agreement of the Independent Directors (as defined in Section 2(b)(ii) below) and the holders of not less than 50% in interest of all outstanding warrants to purchase Common Shares containing this provision, or, if they shall fail to agree, by an Investment Bank.

  • Unissued Option Shares means the number of Shares, at a particular time, which have been reserved for issuance upon the exercise of an Option but which have not been issued, as adjusted from time to time in accordance with the provisions of section 5, such adjustments to be cumulative.

  • Per Share Price shall have the meaning set forth in Section 2.1.

  • Reserved Shares means initially, [ ] Shares. The Reserved Shares may be increased or decreased in a Supplemental Confirmation.

  • Fully Adjusted Regular Purchase Share Limit means, with respect to any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction from and after the date of this Agreement, the Regular Purchase Share Limit (as defined in Section 2(a) hereof) in effect on the applicable date of determination, after giving effect to the full proportionate adjustment thereto made pursuant to Section 2(a) hereof for or in respect of such reorganization, recapitalization, non-cash dividend, stock split or other similar transaction.

  • Final Share Level means the Share Level at the Valuation Time on the Valuation Date.

  • Common Share Price means the volume weighted average per share trading price of the Common Shares on the TSX for the 10 consecutive Trading Day period ending on the Trading Day immediately before the occurrence of a Trigger Event, or if the Common Shares are not then listed on the TSX, the principal stock exchange on which the Common Shares are then listed or quoted (being the stock exchange with the greatest volume of trading in the Common Shares during the previous six months), or if such shares are not listed or quoted on any stock exchange, or if no such trading prices are available, the Floor Price.