Unallocated Shares definition

Unallocated Shares has the meaning given to it in paragraph 17.1 of the Implementation Plan.

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Unallocated Shares has the meaning set forth in Section 11(c)(2)(B) of this Agreement.

Unallocated Shares means Shares included in the Trust Fund that are not held on behalf of a specified Participant.

Examples of Unallocated Shares in a sentence

Any other dividend or distribution made with respect to the shares of Stock held in the Trust shall be distributed to the Trustee and delivered by the Trustee to the Company for disposition by the Company (i) in the case of Allocated Shares, in accordance with the Plan and awards granted thereunder, and (ii) in the case of Unallocated Shares, as determined by the Company in its discretion.
It is specifically noted that the Company may terminate the Trust to the extent of any Unallocated Shares at any time.
For purposes hereof, Unallocated Shares include shares of Stock held in the Trust that were considered Allocated Shares when contributed to, or purchased with cash held by, the Trust, but for which the corresponding stock units awarded under the Plans have been forfeited.
Individual Shares Accounts and Unallocated Shares shall be expressed in the number of Shares of Stock held calculated to three decimal places.
The balance of Unallocated Funds at any time represents Plan Sponsor contributions prior to allocation to Individual Accounts, forfeited portions of Individual Fund Accounts and cash dividends on Unallocated Shares, less any amounts used to pay for Shares of Stock.

More Definitions of Unallocated Shares

Unallocated Shares means, with respect to a Management Securityholder and an offering pursuant to Section 4.1 and 4.2, a number of Registrable Shares equal to the difference between (1) the lesser of (y) the Pro Rata Amount of Registrable Shares owned (or issuable upon a Cashless Exercise (pursuant to clause (a) of the definition thereof) of Options owned based on a Share price equal to the per Share price at which the MSCP Securityholders sold Shares in such offering) by such Management Securityholder at the 2004 Closing and (z) the number of Registrable Shares such Management Securityholder requested to include, and had a bona fide intent to sell, in such offering pursuant to Section 4.1 or 4.2 and (2) the number of Registrable Shares actually sold by such Management Securityholder in such offering, and

Unallocated Shares means the shares of Company Common Stock that have not been allocated to the account of any participant in the ESOP as of the Effective Time.

Unallocated Shares means Longs Drug Stores Stock acquired by the Trust Fund that has not been allocated to Accounts under the Plan.

Unallocated Shares means the shares of Company Stock held by the Trustee and not allocated to Participants' Accounts.

Unallocated Shares means those Trust Shares, if any, in respect of which the Units have been Forfeited, which Trust Shares are no longer linked to any Units allocated to Participants; and

Unallocated Shares and "Voting Interests" shall refer to such voting securities formerly representing or distributed in respect of the Common Stock and such person, respectively. Upon the occurrence of any event described in the immediately preceding sentence, the Executive Committee shall make such adjustments to or interpretations of the restrictions of Article II (and, if it so determines, any other provisions hereof) as it shall deem necessary or desirable to carry out the intent of such provision(s). If the Executive Committee deems it desirable, any such adjustments may take effect from the record date or another appropriate date.

Unallocated Shares means the Shares held by the ESOP which have not been allocated to the accounts of the ESOP participants as of the Closing.