Lapsed Shares definition

Lapsed Shares means those Shares which were the subject of options which had been granted and accepted under this Scheme or any of the other schemes but subsequently lapsed. For the avoidance of doubt, "Lapsed Shares" shall exclude "Cancelled Shares";
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Lapsed Shares shall exclude "CANCELLED SHARES";
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Lapsed Shares means the Shares underlying the Lapsed Share Awards;
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Examples of Lapsed Shares in a sentence

  • The maximum number of Shares granted and to be granted to any one grantee (including Shares that have been vested and/or accepted and Lapsed Shares) in any 12-month period shall not exceed 0.1% of the Shares in issue from time to time.

  • If any Option expires, terminates or is terminated for any reason prior to exercise in full, or any Restricted Shares are forfeited, or any Other Stock-Based Award is terminated or forfeited, the Shares that were subject to the unexercised portion of such Option or the Restricted Shares or Other Stock-Based Awards that are forfeited or terminated (collectively, "Lapsed Shares"), as the case may be, shall be available immediately for future grants of Awards under the Plan.

  • The Lapsed Shares shall be reverted to the Trustee, and shall be made available for regrant to other Scheme Participants.

  • If on application of any conditions imposed on an Award pursuant to Rule 6 (whether pursuant to Rule 8, Rule 16.2, Rule 18.2 or otherwise), any of the Shares that were originally subject to the Award as at the Award Date do not become Vested Shares (“Lapsed Shares”) then, to the extent that any Dividend Equivalent Shares would not have been notionally added to the Award but for the Lapsed Shares, the Award shall lapse as to such Dividend Equivalent Shares.

  • A Selected Participant shall have no rights in any cash, non-cash income, dividends or distributions and/or sale proceeds of non-cash and non-scrip distributions in respect of any Lapsed Shares; and any cash remaining in the Trust.

  • Rights attaching to the Share Awards and the Awarded Shares A Share Award shall be personal to the Selected Participant and shall not be transferable or assignable and no Selected Participant shall in any way sell, transfer, charge, mortgage, encumber or create any security or interest in favour of any other person over any of the Restricted Shares pursuant to such grant, any of the Grant Shares or Lapsed Shares, unless as otherwise approved by the Administration Body.

  • Rights and restrictions For avoidance of doubt, the Selected Participants shall not have rights in the remaining cash, related income, the Award Shares or the Lapsed Shares or any interests or rights (including the right to receive dividends) in the assets or funds held in the Shares Pool prior to the vesting date of the Award Shares.

  • Where Shares Awards, referable to a Grantee, do not vest or are clawed back in accordance with the relevant provisions herein and/or in Grant Letters and become Lapsed Share Awards, the Trustee shall hold such Lapsed Shares underlying the Lapsed Share Awards and all cash, non-cash income, dividends or distributions and/or sale proceeds of such non-cash and non- scrip distributions derived therefrom for the benefit of all or one or more of the Eligible Participants.

  • The Trustee shall not exercise the voting rights in respect of any Shares held in the Shares Pool (including but not limited to the Award Shares, the Lapsed Shares, bonus Shares or scrip Shares).

  • Notwithstanding the previous sentence, in the event that a proper Investment Fund election is not on file for any Member or Deferred Member, the settlement proceeds paid to such Member or Deferred Member as a result of the settlement of In re.

Related to Lapsed Shares

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

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

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

  • Purchased Shares has the meaning set forth in Section 2.01.

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

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

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

  • 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.

  • Covered Shares means, with respect to the Shareholder, (i) the Existing Shares, together with (ii) any shares of Common Stock or other voting capital stock of the Company and any securities convertible into or exercisable or exchangeable for shares of Common Stock or other voting capital stock of the Company, in each case under this clause (ii) that such Shareholder acquires Beneficial Ownership of on or after the date hereof.

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

  • 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.

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

  • Company Restricted Shares means all shares of Company Common Stock subject to vesting restrictions and/or forfeiture back to the Company, whether granted under a Company Stock Plan or otherwise.

  • 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.

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

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

  • Retained Shares has the meaning set forth in the recitals.

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

  • Restricted Share Award means an award of Restricted Shares.

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

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.

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

  • Acquired Shares has the meaning set forth in the Recitals.

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.

  • Option Stock shall have the meaning set forth in Section 2(a) hereof.

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