Appreciation Shares definition

Appreciation Shares. Shares (other than Exchange Shares) that were acquired by the holders of such Shares in a free exchange of Shares of any other Portfolio, which represent the appreciated value of the Shares of the exiting portfolio over the initial purchase price paid for the Shares being redeemed and exchanged and for which the original purchase date and the original purchase price are not identified on an on-going basis, shall be allocated to the Distributor and each Other Distributor ("Free Appreciation Shares") daily in a number obtained by multiplying the total number of Free Appreciation Shares issued by the exiting portfolio on such date by a fraction, the numerator of which is the total number of all Shares outstanding as of the opening of business on such date allocated to the Distributor or such Other Distributor as of such date of determination pursuant to these allocation procedures and the denominator is the total number of Shares outstanding as of the opening of business on such date.
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Examples of Appreciation Shares in a sentence

  • Shares (other than Reinvested Shares and Free Appreciation Shares) that are redeemed will be allocated to the Distributor and each Other Distributor to the extent such Share was previously allocated to the Distributor or such Other Distributor in accordance with the rules set forth in 2(a) or (c) above.

  • Shares (other than Reinvested Shares and Free Appreciation Shares) that are repurchased will be allocated to the Distributor and each Other Distributor to the extent such Share was previously allocated to the Distributor or such Other Distributor in accordance with the rules set forth in 2(a) or (c) above.

  • For example, if the sales/marketing executive achieved the Target Level with satisfactory personal performance, the earned Stock Appreciation Shares relative to DBO's would be: 7,500 X 50% or 3,750.

  • A list of qualified users will be kept by the Sailing office, only those members may use the crane unsupervised.

  • Most wood already contains approximately 2 to 5% acetyl before acetylation (source: ‘‘Timber: Structure Properties, Conversion and Use’’ by H.E. Desch andJ.M. Dinwoodie).

  • Refer to the following statements (emphasis added):• “The combined value of the Dividend Shares and the Capital Appreciation Shares leads to significant price appreciation….

  • MBIA INSURANCE CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDER'S EQUITY (Unaudited) For the nine months ended September 30, 1996 (Dollars in thousands except per share amounts) Common Stock Additional Cumulative Unrealized ------------------------- Paid-In Retained Translation Appreciation Shares Amount Capital Earnings Adjustment of Investments ---------- ---------- ---------- ---------- ----------- -------------- Balance, January 1, 1996 ...............

Related to Appreciation Shares

  • Appreciation Right means a right granted pursuant to Section 5 of this Plan, and shall include both Tandem Appreciation Rights and Free-Standing Appreciation Rights.

  • Appreciation Award means any Award under this Plan of any Stock Option, Stock Appreciation Right or Other Stock-Based Award, provided that such Other Stock-Based Award is based on the appreciation in value of a share of Common Stock in excess of an amount equal to at least the Fair Market Value of the Common Stock on the date such Other Stock-Based Award is granted.

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • SARS means the South African Revenue Service.

  • SAR means a stock appreciation right granted under the Plan.

  • Option Stock shall have the meaning set forth in Section 2(a) hereof.

  • Plan Shares means shares of Common Stock held in the Trust which are awarded or issuable to a Participant pursuant to the Plan.

  • 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.

  • Restricted Share Award means an award of Restricted Shares.

  • Plan Share Award or "Award" means a right granted to a Participant under this Plan to earn or to receive Plan Shares.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Restricted Stock Award means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(a).

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

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

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

  • Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.

  • Deferred Stock means a right to receive a specified number of shares of Stock during specified time periods pursuant to Article 8.

  • Restricted Share Unit Award means an award of Restricted Share Units under this Plan.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Tandem Stock Appreciation Right means the right to surrender to the Company all (or a portion) of a Stock Option in exchange for an amount in cash and/or stock equal to the difference between (i) the Fair Market Value on the date such Stock Option (or such portion thereof) is surrendered, of the Common Stock covered by such Stock Option (or such portion thereof), and (ii) the aggregate exercise price of such Stock Option (or such portion thereof).

  • Restricted Stock means Shares issued pursuant to a Restricted Stock award under Section 7 of the Plan, or issued pursuant to the early exercise of an Option.

  • Appreciation means a realized or unrealized increase in the value of property.

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

  • Unit Shares has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Stock Award means any right to receive Common Stock granted under the Plan, including an Incentive Stock Option, a Nonstatutory Stock Option, a Restricted Stock Award, a Restricted Stock Unit Award, a Stock Appreciation Right, a Performance Stock Award or any Other Stock Award.