Definition of Award Shares
Award Shares means Shares covered by an outstanding Award or purchased under an Award.
Examples of Award Shares in a sentence
With respect to withholding required upon any taxable event under the Plan, the Committee may, at the time the Award is granted or thereafter, require or permit that any such withholding requirement be satisfied, in whole or in part, by withholding from the Award Shares having a Fair Market Value on the date of withholding equal to the minimum amount (and not any greater amount) required to be withheld for tax purposes, all in accordance with such procedures as the Committee establishes.
Any oral or written agreements, representations, warranties, written inducements, or other communications made prior to the execution of this Agreement with respect to the Award Shares granted hereunder shall be void and ineffective for all purposes.
The Company shall not be required to segregate any assets on account of this Plan, the grant of Awards, or the issuance of Award Shares.
The grant of Awards and the issuance and subsequent transfer of Award Shares shall be subject to compliance with all Applicable Law, including all applicable securities laws.
Awards may not be exercised, and Award Shares may not be transferred, in violation of Applicable Law.
