Management Shares definition

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.

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Management Shares means all Shares held by a Manager. Any Management Shares that are Transferred by the holder thereof to such holder’s Permitted Transferees shall remain Management Shares in the hands of such Permitted Transferee.

Management Shares means the shares allocated or to be allocated to the Units as set out in the FIRST SCHEDULE hereto for the purpose of determining the due proportion of the Management Expenses payable by each Owner;

Examples of Management Shares in a sentence

• Each certificate representing Management Shares shall also have the following legend endorsed conspicuously thereupon: The shares of stock represented by this certificate were originally issued to, or issued with respect to shares originally issued to, the following Manager: .

• If the employment of the Purchaser with the Company and its Affiliates terminates prior to the Vesting Date other than as set forth in Section 5(a), then the Purchaser’s Unvested Management Shares as of the date of such termination of employment shall be forfeited in their entirety as of the date of such termination of employment without any payment to the Purchaser.

• The Unvested Management Shares shall become fully vested and nonforfeitable on the Vesting Date, subject only to the Purchaser’s continued service for the Company or any of its Affiliates through the Vesting Date (any such Unvested Management Shares that become vested and nonforfeitable, together with the Initial Vested Management Shares, the “Vested Management Shares”).

• As a condition precedent to the acquisition of the Management Shares hereunder, the Management Profit Sharing Plan shall become effective as of the Effective Time.

• If the employment of the Purchaser with the Company and its Affiliates terminates for any reason, the Purchaser’s Vested Management Shares as of the date of such termination of employment shall not be forfeited.

More Definitions of Management Shares

Management Shares means the management shares in the capital of the Company issued subject to and in accordance with the Variable Capital Companies Act and the Constitution and having the rights and subject to the restrictions provided for in the Constitution.

Management Shares means (a) all shares of Common Stock originally issued to, or issued with respect to shares originally issued to, or held by, a Management Stockholder or Manager, whenever issued, including without limitation all shares of Common Stock issued pursuant to the exercise of any Option and (b) all Options originally held by a Management Stockholder or Manager (treating such Options as a number of Shares equal to the number of Equivalent Shares represented by such Options for all purposes of this Agreement except as otherwise specifically set forth herein).

Management Shares means the management shares allocated to the Units in accordance with Schedule 2;

Management Shares means (a) all shares of Common Stock originally issued to, or issued with respect to shares originally issued to, or held by, a Manager, whenever issued, including all shares of Common Stock issued upon the exercise, conversion or exchange of any Options, Warrants or Convertible Securities and (b) all Options, Warrants and Convertible Securities originally granted or issued to a Manager (treating such Options, Warrants and Convertible Securities as a number of shares of Common Stock equal to the number of Equivalent Shares represented by such Options, Warrants and Convertible Securities for all purposes of this Agreement, except (i) for purposes of Article V and (ii) as otherwise specifically set forth herein).

Management Shares means those notional shares allocated to the Residential Units and Parking Spaces as provided in the FIRST SCHEDULE hereto or any Sub-Deed for the purpose of calculating the contributions payable by their respective Owners towards the management expenditure of the Development;

Management Shares. The Management Shares allocated to the Units as set out in the Second Schedule hereto.

Management Shares is defined in clause (m) of Section 7.2.5.