Performance Based Shares definition

Performance Based Shares means the performance based shares in respect of ordinary shares of the Company awarded to the managers and employees of the Company or its Affiliates on May 1, 2013 and May 1, 2014, in each case, that are outstanding as of the date hereof, including any performance based shares that are intended to be “free shares” (actions gratuites, within the meaning of Article L. ▇▇▇-▇▇▇-▇ et seq. of the French Commercial Code) and that have not yet been settled into ordinary shares of the Company (en période d’acquisition) and any performance based shares that have been settled into ordinary shares of the Company (acquisition) but are subject to a mandatory lock-up period (période de conservation) pursuant to Article L. ▇▇▇-▇▇▇-▇ et seq. of the French Commercial Code;
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Performance Based Shares means Leveraged Shares purchased pursuant to a Performance Based Award.
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Performance Based Shares means the performance based shares in respect of ordinary shares of the Company awarded to the managers and employees of the Company or its Affiliates on May 1, 2013 and May 1, 2014, in each case, that are outstanding as of the date hereof, including any performance based shares that are intended to be “free shares” (actions gratuites, within the meaning of Article L. 225-197-1 et seq. of the French Commercial Code) and that have not yet been settled into ordinary shares of the Company (en période d’acquisition) and any performance based shares that have been settled into ordinary shares of the Company (acquisition) but are subject to a mandatory lock-up period (période de conservation) pursuant to Article L. 225-197-1 et seq. of the French Commercial Code;
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Examples of Performance Based Shares in a sentence

  • For avoidance of doubt it is understood that: (i) the vesting conditions in Section 3(b)(i)-(iv) are incremental and not cumulative, such that, provided all the other vesting terms and conditions are met, the achievement of a single Benchmark may lead to vesting of Performance Based Shares pursuant to more than a single prong of Section 3(b); and (ii) Performance Based Shares may vest only once pursuant to each prong of Section 3(b).

  • No Performance Based Shares under this Agreement shall vest unless the Committee makes the Written Certification.

  • In the event that the $40 Benchmark is not achieved on or prior to December 31, 2015, the Performance Based Shares described in this Section 3(b)(vi) shall be immediately forfeited to the Company without any compensation or remuneration due to the Participant with respect to such Shares.

  • In the event that the $25 Benchmark is not achieved on or prior to December 31, 2014, the Performance Based Shares described in this Section 3(b)(i) shall be immediately forfeited to the Company without any compensation or remuneration due to the Participant with respect to such Shares.

  • The Performance Based Shares (as defined below) are intended to constitute a Performance-Based Award within the meaning of the Plan.

  • Upon the delivery of the Written Certification, the Benchmarks to which the Written Certification relates shall be deemed met and the appropriate number of Performance Based Shares shall be deemed vested (retroactively, if necessary due to the timing of the Written Certification), provided that all the other vesting requirements are met.

  • In the event that the $35 Benchmark is not achieved on or prior to December 31, 2015, the Performance Based Shares described in this Section 3(b)(iii) shall be immediately forfeited to the Company without any compensation or remuneration due to the Participant with respect to such Shares.

  • Notwithstanding anything in this Agreement to the contrary, the Performance Based Shares (whether vested or unvested) shall be forfeited to the Company, without compensation, unless the 2011 Restatement to the Plan is approved by the Company shareholders no later than October 25, 2011 pursuant to applicable laws including Section 162(m) of the Code.

  • In the event that the $30 Benchmark is not achieved on or prior to December 31, 2014, the Performance Based Shares described in this Section 3(b)(ii) shall be immediately forfeited to the Company without any compensation or remuneration due to the Participant with respect to such Shares.

  • The restrictions on __________________________________(_________) shares of the Performance Based Shares shall lapse and such shares shall vest provided that (x) the Company satisfies the EBITDA target for the fiscal year of the Company ending February 25, 2012, and (y) the Grantee is employed by the Company or an Affiliate on the date of filing of the Company’s Annual Report on Form 10-K with the SEC for the fiscal year ending February 25, 2012.