Examples of Plan Shares in a sentence
For the avoidance of doubt, the Board will administer the Plan and may resolve conclusively all questions of fact or interpretation arising under or concerning the Plan and any dispute of any kind that arises under the Plan, including as to the interpretation, effect or application of the Plan or any restrictions or other conditions relating to any Options granted, or Plan Shares allocated or provided, under the Plan.
Only in circumstances where the Company is not listed on a recognised stock exchange, the Participants agree that the Plan Shares, or any beneficial or legal interest in those Plan Shares, are subject at all times to the various terms, conditions, rights and obligations contained in the Shareholders Agreement.
In circumstances where the Company is not listed on a recognised stock exchange, the Participants agree to be bound by the terms of any tag along rights in the Shareholders Agreement and that those tag along rights will apply to all Participants in respect of Plan Shares in favour of all other Shareholders.
In circumstances where the Company is not listed on a recognised stock exchange, the Participants agree to be bound by the terms of any drag along rights in the Shareholders Agreement and that those drag along rights will apply to all Participants in respect of Options and Plan Shares.
Without limiting any other provisions of the Plan, the Board may determine prior to or in an Invitation Letter if any Forfeiture Conditions apply in respect of Options and/or Plan Shares.