Time Vested Shares definition

Time Vested Shares means a number of Common Shares equal to the sum of (i) the number of Class B Time-Vesting Shares (as defined in the applicable Class B Restricted Share Agreements) that are vested (or which become vested) as of the applicable Measurement Date; and (ii) the number of additional Common Shares that would have been vested (or which would have become vested) as of the applicable Measurement Date, assuming for this purpose that 40% of the Common Shares available under the Share Incentive Plan that are unallocated as of the Measurement Date had been granted to one individual as Class B Time-Vesting Shares on the Effective Date.

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Time Vested Shares means a number of Common Shares equal to the sum of (i) the number of Class B Time-Vesting Shares (as defined in the applicable Class B Restricted Share Agreements) that are vested (or which become vested) as of the applicable Measurement Date; and (ii) the number of

Time Vested Shares. 399 shares of previously granted, but unvested shares of stock will be vested effective April 19, 2013. During the interim, dividends will continue to be paid to the Employee on said shares. Health Benefits: Employee and currently covered dependents will continue to be covered under Whitestone's Medical, Dental and Vision insurance benefit plans through March 1, 2013, at the same premium contribution rates paid by active Whitestone employees.

Examples of Time Vested Shares in a sentence

• The Stock Bonus shall be divided with 60% being performance vested shares (the "Performance Shares") and 40% being time vested shares (the "Time Vested Shares").

• Each share of Time Vested Shares represents the right to receive one share of Unit common stock.

• Vesting of the Executive’s outstanding equity awards with respect to stock of the Company or any successor (including outstanding Options, SARs, Performance Awards and Time Vested Shares) shall be accelerated in full.

• Each certificate issued in respect of the Time Vested Shares granted under this Agreement shall be registered in the name of the Participant and shall be deposited in a bank designated by the Committee.

• The Executive shall be eligible to participate in the Company’s long-term incentive plan, by receiving grants of Time Vested Shares and Performance Shares, as follows.

• Prior to the date hereof, the Purchaser purchased, and the Company sold to Purchaser: (a) 1,157,200 shares of the Company’s common stock, par value $0.001 (the “Time Vested Shares”) and (b) 385,740 shares of the Company’s common stock, par value $0.001 (the “Milestone Vested Shares” and collectively with the Time Vested Shares, the “Shares”), all at a purchase price of $0.09 per share (the “Purchase Price”).

• The first grant of Time Vested Shares shall vest in its entirety on January 31, 2007, the second grant shall vest in its entirety on January 31, 2008 and the third grant shall vest in its entirety on January 31, 2009.

• If an Acceleration Event occurs on or before December 31, 2002, all Time Vested Shares shall be released from the Repurchase Option immediately prior to the Acceleration Event.

• Accordingly, provided no Repurchase Events shall have taken place, the Employee shall acquire a vested interest in, and the Repurchase Right provided in Section 4.1 shall lapse with respect to, the Time Vested Shares, in accordance with such Vesting Schedules.

• Accordingly, provided no Repurchase Events or Corporate Transactions shall have taken place, the Employee shall acquire a vested interest in, and the Unvested Share Repurchase Right provided in Section 4.1 shall lapse with respect to, the Time Vested Shares in accordance with such Vesting Schedule.

More Definitions of Time Vested Shares

Time Vested Shares means Shares that vest on a specified date.

Time Vested Shares means the restricted Shares described in Section 5.3 (a).

Time Vested Shares means the Shares listed as Time Vested Shares on Annex I.

Time Vested Shares. You were granted <XXX> shares that vest on a four year 25% vesting schedule as follows:

Time Vested Shares. Performance Vested Shares" and "Repurchase Option" used in this Section 4 shall have the respective meanings set forth in the Restricted Stock Agreement dated May 31, 2000 (as amended to the date hereof and as amended, modified or restated from time to time, the "RSA"), between the Company and you.