Earned Shares definition

Earned Shares means the Restricted Shares after the lapse of the Forfeiture Restrictions without forfeiture.

Earned Shares means those Shares that are designated herein as Restricted Shares and are subsequently redesignated as Earned Shares in accordance with the terms hereof due to the attainment by the Corporation of certain performance standards as provided for herein.

Earned Shares for every one million dollars ($1,000,000) of annual Adjusted EBITDA earned by the Corporation, subject to the limitations set forth in Section 12(b) hereof. Any incremental portion of Adjusted EBITDA less than $1,000,000 will be disregarded for such calculation.

Examples of Earned Shares in a sentence

• If any of the first or second anniversaries of the Certification Date is a Saturday or Sunday or any other non-business day, then you will be paid the Earned Shares payable on that date on the next business day.

• All rights with respect to the RSUs or any undelivered Eligible Shares or Earned Shares granted to the Grantee shall be available during his or her lifetime only to the Grantee.

• The Employee agrees that the Restricted Shares and Earned Shares issued under this Agreement will not be sold or otherwise disposed of in any manner which would constitute a violation of any applicable federal or state securities laws.

• No rights under this Award Agreement relating to the RSUs or any undelivered Eligible Shares or Earned Shares may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, including, unless specifically approved by the Company, any purported transfer to a current spouse or former spouse in connection with a legal separation or divorce proceeding.

• If the application of this Section 2(a) results in a fractional Earned Share, the number of Earned Shares shall be rounded up to the nearest whole Share.

More Definitions of Earned Shares

Earned Shares means (i) the number of Shares granted herein, multiplied by (ii) the BVPS Vesting Percentage.

Earned Shares means shares of Common Stock (or cash representing shares, as applicable) subject to a Performance Share Unit Award that are earned based on the achievement of the performance goals for the applicable Performance Cycle (or portion thereof, in the case of Transition Awards).

Earned Shares means the total of the Relative TSR Shares that are earned in accordance with paragraph 2(a) and the Absolute TSR Shares that are earned in accordance with paragraph 2(b).

Earned Shares means Shares that have become earned based on achievement of specified performance requirements in accordance with the provisions of Schedule A to this Master Agreement.

Earned Shares means that number of Shares, determined as of the Measurement Date, equal to the product of: (i) the Nominal Amount; and (ii) the Performance Factor; but subject to adjustment as described in Section 4.

Earned Shares means the Shares earned by the Genex Stockholder during the applicable Earnout Measurement Period.

Earned Shares means (i) the number of Target RSUs granted herein, multiplied by (ii) the BVPS Vesting Percentage.