Free Shares definition

Free Shares means, as of any date of determination, and without duplication, a number of Merger Shares or Spin-Off Shares, as applicable, equal to (i) the total number of Merger Shares or Spin-Off Shares, as applicable, then issued and outstanding as determined by the applicable Issuer’s most recent filings with the SEC minus (ii) the total number of Merger Shares or Spin-Off Shares, as applicable, “beneficially owned” within the meaning of Rules 13d-3 or 16a-1(a)(2) of the Exchange Act by Controlling Shareholders as determined by the applicable Issuer’s or such Controlling Shareholder’s most recent filings with the SEC, to the extent such information is reported in such filings. For purposes of clause (ii), with respect to a Long Position of a Controlling Shareholder, the total number of Merger Shares or Spin-Off Shares, as applicable, underlying such Long Position shall be used.
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Free Shares means, in respect of any Portfolio, each Share of such Portfolio other than any Commission Share.
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Free Shares means Shares awarded under Part A of the Plan which are subject to the Plan;
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Examples of Free Shares in a sentence

  • The Beneficiaries will be notified at least one month before the end of the Vesting Period and may choose another method of holding the shares, indicating the details of their individual account, or may decide to forgo the Free Shares upon delivery.

  • Beneficiaries lose their rights to Free Shares if they are not employed by a Vinci Group company on the last day of the Vesting Period.

  • Thus, a Beneficiary that has temporarily left the VINCI Group does not lose his rights to Free Shares if he is employed by a Vinci Group company on the last day of the Vesting Period.

  • As of the date of delivery, the Free Shares will cease to be subject to any restrictions under the Plan.

  • If these conditions are not met, the Beneficiaries’ rights to the Free Shares will be forfeited as provided in paragraph 3 hereinbelow.


More Definitions of Free Shares

Free Shares means Shares awarded to Participants without payment, as described in Rule 4.
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Free Shares means as at the date hereof, the 495,396 free shares, definitively acquired or to be acquired by their relevant holders subject to tax and legal lock-up, as described and allocated among their holders in Schedule 3.2.
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Free Shares means Restricted Shares as to which the restrictions against disposition and the obligation of resale to the Company have lapsed in accordance with the provisions set forth in paragraphs (d)(ii), (iii) or (iv) of this Section.
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Free Shares means all the outstanding free shares (actions gratuites) granted by the Company to the current or former employees, directors or other officers of the Group Companies as set forth in Annex 2;
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Free Shares. - means the shares issued by the Company that may be acquired by the Parties of third parties, whether in private transactions or carried out on the stock exchange or over-the-counter market.
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Free Shares. Shares awarded under Part 4 of the Plan which are subject to the Plan;
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Free Shares means an award of Shares in the form of a Conditional Award or Forfeitable Shares made pursuant to rule 3 (Free Shares);
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