Share Commitment Sample Clauses
The Share Commitment clause establishes the obligation of parties to allocate, subscribe to, or maintain a specified number or percentage of shares in a company. Typically, this clause outlines the minimum shareholding each party must retain, the process for fulfilling share purchase commitments, and any consequences for failing to meet these obligations. Its core practical function is to ensure that all parties remain invested in the company as agreed, thereby supporting stability in ownership structure and aligning the interests of stakeholders.
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Share Commitment. The aggregate number of shares of Stock authorized to be sold pursuant to Options granted under the Plan is 800,000, subject to adjustment as provided in this Section. In computing the number of shares of Stock available for grant, any shares relating to Options which are granted, but which subsequently lapse, are cancelled or are otherwise not exercised by the final date for exercise, shall be available for future grants of Options. In the event of any stock dividend, split-up, recapitalization, merger, consolidation, combination or exchange of Stock, or the like, as a result of which Stock shall be issued in respect of the outstanding shares of Stock, or the Stock shall be changed into the same or a different number of the same or another class of stock, the total number of shares of Stock authorized to be committed to the Plan, the number of shares of Stock subject to each outstanding Option, the Option Price applicable to each Option, and/or the consideration to be received upon exercise of each Option shall be appropriately adjusted by the Committee. In addition, the Committee shall, in its sole discretion, have authority to provide for (a) acceleration of the Exercise Date of outstanding Options or (b) the conversion of outstanding Options into cash or other property to be received in certain of the transactions specified in this paragraph above upon the completion of the transaction.
Share Commitment. Within 5 business days of Approval Date, issue 250,000 Shares;
Share Commitment. Intent.................................................................................................
Share Commitment. The aggregate number of shares of Stock authorized to be sold pursuant to Options granted under the Plan is [●]1, subject to adjustment as provided in Section 4.7. The shares of Stock authorized to be sold pursuant to Options granted under the Plan may be unissued shares or reacquired shares, including shares bought on the open market or otherwise for purposes of the Plan. In computing the number of shares of Stock available for grant, any shares of Stock relating to Options which are granted, but which subsequently lapse, are cancelled or are otherwise not exercised by the final date for exercise, shall be available for future grants of Options.
Share Commitment. Qualifying CP Transborder Flights, Qualifying CP Intra-Canada Flights and Qualifying CP International Flights (collectively "Qualifying CP Flights") may be included to determine if Customer has met the Share Commitment set forth in paragraph 4 of Appendix A of the Corporate Travel Agreement.
Share Commitment. Subject to adjustment as provided in Section 4.7, the number of Shares hereby reserved for issuance under the Plan is 30,500,000. In computing the number of shares of Stock available for grant, any shares of Stock relating to Options which are granted, but which subsequently lapse, are cancelled or are otherwise not exercised by the final date for exercise, shall be available for future grants of Options.
2. Effective as of the date hereof, Section 2.28 of the Plan is completely amended to provide as follows:
Share Commitment. For each city pair listed above, Customer agrees to maintain the applicable percentage of flown segments on American compared to all other air carriers (combined) for that city pair (the "Share Commitment") in all areas specified below (Domestic, International and American System) for each ARC reporting month during the term of the Agreement. American will review Customer's booking and revenue performance for each calendar month of this Agreement with Customer. If Customer does not maintain, on an averaged basis over the course of a calendar quarter, the Share Commitment for any listed city pair, American may terminate this Agreement upon giving Customer thirty (30) days prior written notice. Domestic City Pair is defined as a point of origin and destination served by American within the U. S. Contiguous 48 States, Hawaii and the District of Columbia. International City Pair is defined as a U.S. point of origin and a point of destination served by American in Europe, Pacific and Central/South America. American System is defined as all points of origin and destination served by American. Domestic [TEXT OMITTED - CONFIDENTIAL International [TEXT OMITTED - CONFIDENTIAL City Pairs TREATMENT REQUESTED] City Pairs TREATMENT REQUESTED] ---------- -------------------- ---------- -------------------- All where AA offers [TEXT OMITTED - CONFIDENTIAL All where AA offers [TEXT OMITTED - CONFIDENTIAL competitive service* TREATMENT REQUESTED] competitive service* TREATMENT REQUESTED] AA Domestic System AA International System * Competitive service is defined as those city pairs in which American Airlines offers regularly scheduled non-stop, direct, or connecting service.
Share Commitment. For each city pair or Market Area listed above, Customer agrees to maintain the applicable percentage of flown segments on American compared to all other air carriers (combined) for that city pair (the "Share Commitment") for each ARC reporting month during the term of the Agreement. American will review Customer's booking and revenue performance for each calendar month of this Agreement with Customer. If Customer does not maintain, on an averaged basis over the course of a calendar quarter, the Share Commitment for any listed city pair, American may terminate this Agreement upon giving Customer thirty (30) days prior written notice. Domestic City Pair is defined as a point of origin and destination served by American within the U. S. Contiguous 48 States, Hawaii and the District of Columbia. International City Pair is defined as a U. S. point of origin and a point of destination served by American in Europe, Pacific and Central/South America. American System is defined as all points of origin and destination served by American. Domestic [TEXT OMITTED - CONFIDENTIAL International [TEXT OMITTED - CONFIDENTIAL City Pairs TREATMENT REQUESTED] City Pairs TREATMENT REQUESTED] ---------- -------------------- ---------- -------------------- All where AA offers [TEXT OMITTED - CONFIDENTIAL All where AA offers [TEXT OMITTED - CONFIDENTIAL competitive service* TREATMENT REQUESTED] competitive service* TREATMENT REQUESTED] AA Domestic System AA International System * Competitive service is defined as those city pairs in which American Airlines offers regularly scheduled non-stop, direct, or connecting service.