Holding Period Shares means a number of shares of Stock equal to the lesser of (i) 25% of the aggregate number of RSUs that are released on the Release Date and (ii) 50% of the difference between (A) the aggregate number of RSUs that are released on the Release Date and (B) the aggregate number of shares of Stock that are withheld to satisfy withholding tax requirements under Sections 8(c) and (d) of this Agreement.

Holding Period Shares means a number of shares of Stock for which a Release Date shall occur that are released on such Release Date equal to the lesser of (1) 25% of the aggregate number of RSUs that are released on the Release Date and (2) 50% of the difference between (i) the aggregate number of RSUs that are released on the Release Date and (ii) the aggregate number of shares that are withheld to satisfy withholding tax requirements under Paragraph 10(b) of this Agreement. “Sale” means a transfer for value, except that, (i) the transfer to the Company of Holding Period Shares in payment of the exercise price of an option granted to the Employee by the Company shall not be a Sale if there is no Sale for the remainder of the Holding Period of a number of shares of Stock received upon exercise of such option that are not less than the number of Holding Period Shares so transferred in connection with such exercise, and (ii) an involuntary transfer, including Holding Period Shares converted in a merger, is not a Sale; it is understood that neither a pledge nor a gift, including to an entity in which the Employee has an interest (provided that in the case of such an entity, such entity does not make a Sale for the remainder of the Holding Period), is a transfer for value.

Holding Period Shares means the sum of (i) the unrestricted shares of the Company's capital stock owned by the Employee on the date hereof and (ii) any shares acquired upon the exercise or vesting of the Equity Awards (other than unrestricted shares included in clause (i)). The foregoing restriction shall not apply in the case of (i) Disability (as defined below) of the Employee, (ii) the death of the Employee, (iii) dispositions to a family member, family trust or family-controlled entity for estate planning purposes of the Employee, (iv) termination by the Company for any reason other than Cause, (v) termination by the Employee for Good Reason or (vi) dispositions otherwise specifically provided for in the Stockholders' Agreement to be entered into by and among Idenix Pharmaceuticals, Inc., the Preference Holders, and Other Holders named therein, dated May 8th, 2003 (the "Stockholders' Agreement"), in each such case, whether before or following a Change in Control (as defined in Section 6.C hereof).

Examples of Holding Period Shares in a sentence

The Shares delivered are in respect of Share Incentive (Holding Period) Shares.
For the avoidance of doubt, Rule 7 shall apply to the Holding Period Shares in the same way that it applies to any Plan Shares acquired by an Award Holder following Vesting of an Award or exercise of an Option which are not Holding Period Shares.
During the Holding Period, the Holding Period Holder will be entitled to vote and have all other rights of a shareholder in respect of the Holding Period Shares.
Where this paragraph 4 applies, the Board may additionally determine that the Holding Period shall end only for such number of Holding Period Shares as it may specify.
Instead of arranging for the issue or transfer of the Holding Period Shares to the Award Holder on Vesting of a Conditional Share Award or exercise of an Option under Rule 8.7, the Board may arrange for the Holding Period Shares to be issued or transferred to the Holding Period Holder, as designated by the Board, to be held for the benefit of the Award Holder.

More Definitions of Holding Period Shares

Holding Period Shares means a number of shares of Stock for which a Release Date shall occur that are released on such Release Date equal to the lesser of (1) 25% of the aggregate number of RSUs that are released on the Release Date and (2) 50% of the difference between (i) the aggregate number of RSUs that are released on the Release Date and (ii) the aggregate number of shares that are withheld to satisfy withholding tax requirements under Section 8(b) of this Agreement. “Sale” means a transfer for value, except that an involuntary transfer, including Holding Period Shares converted in a merger, is not a Sale; and it is understood that a gift, including to an entity in which the Employee has an interest (provided that in the case of such an entity, such entity does not make a Sale for the remainder of the Holding Period), is not a transfer for value. At the option of the Company, an appropriate legend may be placed on certificates or other evidence for Stock delivered in settlement of RSUs noting the requirements to hold such Stock imposed by this subsection. When such requirements terminate, the Employee shall be entitled to have the foregoing legend removed from such certificates or other evidence for Stock delivered.

Holding Period Shares means any shares acquired upon the exercise or vesting of the Equity Awards possessed by the Employee as of May 9, 2003. The foregoing restriction shall immediately lapse upon termination of the Employee's employment as a result of: (i) Disability (as defined below) of the Employee, (ii) the death of the Employee, or (iii) termination of the Employee's employment by the Company for any reason other than Cause. The foregoing restriction is not applicable to dispositions of the Holding Period Shares to a family member, family trust or family-controlled entity for estate planning purposes of the Employee.

Holding Period Shares means a number of shares of Stock that are released on such Release Date equal to the lesser of (1) 25% of the aggregate number of shares of Restricted Stock that are released on the Release Date and (2) 50% of the

Holding Period Shares means Shares which are or were the subject of an Award to which a Holding Period applies, and in respect of which the Holding Period has not ended in accordance with Rule 17;