Forfeitable Shares definition

Forfeitable Shares means Shares held in the name of or for the benefit of a Participant subject to the Forfeitable Share Agreement;

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Forfeitable Shares means any Shares with respect to which the restrictions have not lapsed in accordance with the Schedule set forth on Annex 1.

Forfeitable Shares means Shares held in the name of or for the benefit of a Participant subject to the Forfeitable Share Agreement and granted in accordance with rule 3;

Examples of Forfeitable Shares in a sentence

The limitations set forth in the preceding sentence shall not apply after the Forfeitable Shares are no longer forfeitable.
All certificates representing Forfeitable Shares shall remain in the possession of the Company until such shares become Vested Shares in accordance with the terms of this Agreement.
Unless and until any such Shares awarded to Employee hereunder are forfeited in accordance with the terms and provisions of this Agreement, Employee (or any successor in interest) shall have and be entitled to all of the rights and privileges of a holder of Common Stock of the Company (including, without limitation, voting rights and dividend rights) with respect to both such Forfeitable Shares and such Non-Forfeitable Shares, but subject, however, to the transfer restrictions of Article III.
If any such amounts that are owed or to be owed to the Company under this Section or that would be owed to the Company upon the lapsing of forfeiture restrictions the stated time for which has already passed (as determined by the Company) are not paid in full and in immediately available funds prior to the end of such 45-day extension period, then all of the Forfeitable Shares of Employee relating to such delinquent payment(s) shall be permanently forfeited hereunder.
The Employee shall not transfer, assign, encumber, or otherwise dispose of all or any part of the Forfeitable Shares, other than to the Company.

More Definitions of Forfeitable Shares

Forfeitable Shares means Shares comprised in a Forfeitable Shares Award which are subject to certain restrictions and forfeiture under the Plan;

Forfeitable Shares shall have the meaning set forth in Section 9.04.

Forfeitable Shares means those Exchangeable Shares issued pursuant to the Plan of Arrangement in exchange for LIPO Canada Shares which were designated as “forfeitable shares” pursuant to the LIPO Option Plan, until such shares cease to be forfeitable in accordance with the conditions set out in Appendix A.

Forfeitable Shares means those LIPO Canada Shares which are designated as “forfeitable” in accordance with the terms of the LIPO Canada Option Plan and the terms of the options with respect to which such shares were initially issued;

Forfeitable Shares shall have the meaning set forth in Section 9.04 of this Plan.

Forfeitable Shares means any shares of Series B Preferred Stock that have become subject to a Forfeiture Triggering Event.

Forfeitable Shares means any Shares (including Shares that are also classified as Restricted Shares) that are subject to forfeiture within the meaning of section 7.01(2) of this Plan.