Unrestricted Share definition

Unrestricted Share means a share of Common Stock granted under Article 8 of the Plan pursuant to an Award.

Unrestricted Share means a Share other than a Restricted Share.

Unrestricted Share means an Award of Shares to a Grantee pursuant to Section 11 hereof.

Examples of Unrestricted Share in a sentence

• The Committee may grant Restricted Share, RSU, or Unrestricted Share Awards to Eligible Persons, in all cases pursuant to Award Agreements setting forth terms and conditions that are not inconsistent with the Plan.

• Unrestricted Share Awards may be granted in respect of past services or other valid consideration, or in lieu of cash compensation due to such grantee.

• The Administrator may grant (or sell at par value or such higher purchase price determined by the Administrator) an Unrestricted Share Award under the Plan.

• An Unrestricted Share Award is an Award pursuant to which the grantee may receive Shares free of any restrictions under the Plan.

• The date of grant of an Option, Stock Purchase Right, Stock Award, Stock Appreciation Right or Unrestricted Share shall be, for all purposes, the date on which the Administrator makes the determination granting such Option, Stock Purchase Right, Stock Award, Stock Appreciation Right or Unrestricted Share, or such other later date as is determined by the Administrator.

More Definitions of Unrestricted Share

Unrestricted Share means a Share granted pursuant to Section 5.5.

Unrestricted Share means an Award pursuant to Section 12 hereof.

Unrestricted Share means a share of Common Stock awarded under the Plan.

Unrestricted Share means a Share that is subject to Section 83 of the Code and is not subject to a substantial risk of forfeiture.

Unrestricted Share means a share of Common Stock awarded under Article 8 of the Plan.

Unrestricted Share means a Grant awarded pursuant to Section 12 hereof.

Unrestricted Share means a Share granted pursuant to Section 10. 3. Administration. 3.1 The Plan. The Plan shall be administered by the Committee which shall hold meetings at such times as may be necessary for the proper administration of the Plan; subject to the Board’s authority to act in lieu of the Committee on any matter. The Committee shall keep minutes of its meetings. A quorum shall consist of not less than two members of the Committee and a majority of a quorum may authorize any action. Any decision or determination reduced to writing and signed by a majority of all of the members shall be as fully effective as if made by a majority vote at a meeting duly called and held. Each member of the Committee shall be a Non-employee Trustee within the meaning of promulgated under the Exchange Act. To the extent compliance with Section 162(m) of the Code is desired, such Committee members shall also qualify as “outside directors” within the meaning of Section 162(m)(4)(C) and the regulations thereunder. No member of the Committee shall be liable for any action, failure to act, determination or interpretation made in good faith with respect to this Plan or any transaction hereunder, except for liability arising from his or her own willful misfeasance, gross negligence or reckless disregard of his or her duties. The Company hereby agrees to indemnify each member of the Committee for all costs and expenses and, to the extent permitted by applicable law, any liability incurred in connection with defending against, responding to, negotiating for the settlement of or otherwise dealing with any claim, cause of action or dispute of any kind arising in connection with any actions in administering this Plan or in authorizing or denying authorization to any transaction hereunder. 3.2 Eligible Individuals. Subject to the express terms and conditions set forth herein, the Committee shall have the power from time to time to: