Credited Shares definition

Credited Shares means the shares of the Company's common stock which, for accounting purposes only, are to be credited to a Participant's Share Account from time to time. At no time shall Credited Shares be considered as actual shares of common stock and a Participant shall have no rights as a stockholder with respect to the Credited Shares.
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Credited Shares shall have the meaning set forth in Section 4.3.
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Credited Shares shall initially be 20,000,000 shares, and shall be adjusted from time to time as set forth in Section 4.3.
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Examples of Credited Shares in a sentence

  • The amount so credited will be converted into the maximum whole number of Credited Shares that the amount so credited could have purchased at the then Market Value.

  • No termination, modification or amendment of the Plan may, without the consent of the Participant, adversely affect the rights of such Participant under any Credited Shares then held by the Participant.

  • These buoyant delivery systems utilizes effervescent reaction between carbonate/bicarbonate salts and citric/tartaric acid to liberate CO2 , which gets entrapped in the jellified hydrocolloid layer of the system, thus decreasing its specific gravity and making it float over chime.

  • Except as provided in this Section 5, any cash amount credited to a Share Account in a calendar month shall be converted, as of the end of that calendar month, into the maximum whole number of Credited Shares that the amount so credited would have purchased at the then Market Value.

  • This is a quick ande ective means of communicating,especially on-the-go with the use of technology.GroupwareMay be used a formal referencing tool although generally an informal medium.Computer software to supportteam work.

  • The Board of Directors shall have sole authority in its discretion, but always subject to the express provisions of this Plan, to determine the time or times at which Credited Shares shall be granted to the Participant, the number of Credited Shares to be granted, and the extent to which Credited Shares shall vest.

  • The Board of Directors may grant Credited Shares to the Participant pursuant to a formula which sets forth the amount and timing of grants using objective criteria such as earnings of the Company and/or its Subsidiaries, value of the Common Stock, years of service, compensation levels or such other objective factors as the Board of Directors shall determine.

  • Except as the Board of Directors may otherwise establish, these shares of Common Stock shall be distributed to the Participant as soon as practicable after the underlying Credited Shares vest.

  • In addition, as of each record date for the payment of dividends on Common Stock, each Participant's Account shall be credited with a number of additional Credited Shares equal to the quotient of the amount of dividends which would have been received by a shareholder of record of a number of shares of Common Stock equal to the number of Credited Shares credited to the account immediately before such dividend, divided by the Market Value of Common Stock on such date.

  • Each Share Account shall consist of the cash amounts credited in respect of a specific election to defer Compensation and the Credited Shares into which prior credited amounts in the Share Account have been converted.


More Definitions of Credited Shares

Credited Shares means, with respect to a Participant, any and all shares of Stock credited to such Participant’s account that have been transferred to the Special Custodian in accordance with ARTICLE X-B-2. hereof.
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Credited Shares means, with respect to a Participant, any and all shares of Bombay Stock credited to such Participant's account that have been transferred to the Special Custodian in accordance with Section IX(B)(2) hereof.
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Related to Credited Shares

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

  • 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.

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

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

  • DSUs means the deferred share units granted under the DSU Plan;

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

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

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

  • Dividend Shares means the shares of Common Stock issuable in payment of dividends payable on the Preferred Shares in accordance with the terms of the Certificate of Designation.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Company Stock Account means the account established and maintained in the name of each Participant or Beneficiary to reflect his share of the Trust Fund invested in Company Stock.

  • 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.

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

  • 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.

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

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

  • Company Stock means, collectively, the Company Common Stock and the Company Preferred Stock.

  • Deferred Share means a Share which by its terms of issue is a deferred share as defined in the Statutes and includes a permanent interest bearing share and a Core Capital Deferred Share;

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

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • Optioned Shares means the common shares of the Company, issuable on exercise of the Option; and

  • Transferred Shares means all or any portion of a Member’s Shares that the Member seeks to Transfer.

  • RSUs means restricted stock units.

  • Stock Election Shares shall have the meaning set forth in Section 3.2.1.

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.

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