Examples of Awarded Shares in a sentence
Notwithstanding the vesting requirements contained in Section 3, upon a Change of Control, the Board shall have the discretion to decide whether the Awarded Shares shall vest or lapse on the date when such change of control event becomes or is declared unconditional pursuant to Section 6.1 of the Scheme.
To the extent the above vesting requirements are not satisfied, the nonvested Awarded Shares shall be forfeited by the Awardee.
This Agreement and the Awarded Shares shall be subject to the administrative procedures and rules as the Committee shall adopt.
In the event of the Grantee’s Termination of Service with the Group, as applicable, for any reason prior to vesting of the Awarded Shares, the terms of Section 5 of the Scheme shall control.
All such Awarded Shares shall be subject to the restrictions and forfeiture provisions contained in Sections 3, 4 and 5, such restrictions and forfeiture provisions to become effective immediately upon execution of this Agreement by the parties hereto.