Nonvested Shares definition

Nonvested Shares means from time to time the Option Shares which are not Vested Shares. Once all of the Option Shares become Vested Shares, there will be no Nonvested Shares.
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Nonvested Shares means, at any given time, all of those Award Shares that are not Vested Shares.
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Nonvested Shares means and include all Shares held by a Management Shareholder which have not yet vested in accordance with the vesting provisions applicable to such Shares in accordance with Section 3.08(b) of the Series B Purchase Agreement.
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Examples of Nonvested Shares in a sentence

  • Nonvested Shares may not be sold, transferred, assigned, pledged, or otherwise disposed of, directly or indirectly, whether by operation of law or otherwise.

  • The Company has the right to retain the certificates representing Nonvested Shares in the Company’s possession until such time as all restrictions applicable to such shares have been satisfied.

  • The Company has the right to retain the certificates representing Nonvested Shares in the Company’s possession until such time as all restrictions applicable to such Shares have been satisfied.

  • In no event shall you be entitled to exercise the Option for any Nonvested Shares or for a fraction of a Vested Share.

  • Except as provided herein, if Grantee's service with the Company ceases for any reason other than Grantee’s (a) death, (b) Disability, (c) Retirement, or (d) termination by the Company without Cause, any Nonvested Shares will be automatically forfeited to the Company, subject to the re-payment by the Company at the lesser of (1) the original purchase price paid by the Participant pursuant to the Award Agreement or (2) the Shares’ Fair Market Value on the date of repurchase.

  • Nonvested Shares may not be sold, transferred, assigned, pledged, or otherwise disposed of, directly or indirectly.

  • Restricted Shares will vest and become nonforfeitable in accordance with the vesting schedule contained in the Notice of Restricted Shares Grant except that 100% of Grantee’s Nonvested Shares will vest in full upon a Change of Control.

  • Any Nonvested Shares will vest and become nonforfeitable immediately prior to the date of a Change of Control, provided that the Board (or an authorized committee thereof), in its discretion, may also accelerate the time at which all or any portion of Grantee’s Nonvested Shares will vest prior to a contemplated Change of Control.

  • If your employment with the Company or a Subsidiary shall, while you hold any Non-vested Shares, be terminated by the Company or if you resign from your employment with the Company, such Non-vested Shares shall be forfeited by you as of the effective date of such termination, unless such termination results in such shares becoming fully vested upon one of the events specified in the immediately preceding sentence.

  • The death of Executive shall immediately terminate this Agreement with no severance compensation due Executive's estate; provided, however, all Nonvested Shares, if any, shall immediately vest in full.


More Definitions of Nonvested Shares

Nonvested Shares means 80% of the aggregate number of shares of Stock offered by this Option.
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Nonvested Shares means 80% of the aggregate number of shares of Stock offered by this Option. ECML000656070 EXH024-00034 � ============= Page 27 of 46 ============= "Plan" shall mean the Enron Corp. 1991 Stock Plan, as amended from time to time. "Retirement" shall mean the termination of Employee's employment with the Company on or after December 31, 2001, provided that Employee has remained continuously employed by the Company from the date of grant hereof through such termination date pursuant to the terms of the Employment Agreement. "Total Enron Shareholder Return" means, with respect to a specified period, the Total Shareholder Return during such period for a share of Stock. "Total Shareholder Return" means, with respect to a specified period, the sum during such period of the appreciation or depreciation in the price of a share of a company's common stock and the dividends paid, expressed on a percentage basis, as calculated by the Committee in a manner consistent with that used to calculate "Total Shareholder Return" under the Company's Performance Unit Plan as of the date of grant of this Option. "Year" shall mean the 12-month period beginning on January 1 and ending on December 31. Capitalized terms used in this Agreement but not defined herein are defined in the Plan and are used herein with the meanings ascribed to them in the Plan. III.
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Related to Nonvested Shares

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Unvested Shares means "Unvested Shares" as defined in the Award Agreement.

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Award Shares means Shares covered by an outstanding Award or purchased under an Award.

  • Restricted Shares shall have the respective meanings set forth in Section 2.14.

  • Unvested Units means any Executive Units which are not Vested Units.

  • Plan Shares means the total number of Common Shares which may be reserved for issuance as Optioned Shares under the Plan as provided in §2.2;

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Interested Shares means Shares that are beneficially owned by:

  • Optioned Shares means Shares subject to an Award granted pursuant to this Plan.

  • Covered Shares means, with respect to the Shareholder, (i) the Existing Shares, together with (ii) any shares of Common Stock or other voting capital stock of the Company and any securities convertible into or exercisable or exchangeable for shares of Common Stock or other voting capital stock of the Company, in each case under this clause (ii) that such Shareholder acquires Beneficial Ownership of on or after the date hereof.

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

  • Retained Shares has the meaning set forth in the recitals.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • RSU Shares means shares of Common Stock that underlie an RSU.

  • Converted Shares means the Subject Equity Shares resulting from the conversion of Restricted Voting Shares into the Subject Equity Shares pursuant to subparagraph (ii);

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • RSUs means that number of Restricted Stock Units listed in the Award Notice as “Restricted Stock Units Granted.”

  • Company Restricted Shares means shares of Company Common Stock granted under a Company Equity Plan, or issued upon “early exercise” of an option granted under a Company Equity Plan, that remain subject to one or more unsatisfied vesting or vesting-equivalent forfeiture or repurchase conditions.

  • Company Shares has the meaning set forth in the Recitals.

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.

  • Escrowed Shares has the meaning set forth in Section 2.4.

  • Awarded Stock means the Common Stock subject to an Award.

  • Optioned Stock means the Common Stock subject to an Option.