Pool Shares definition
Examples of Pool Shares in a sentence
The percentage of Award Pool Shares (the “Award Pool Percentage”) and the maximum number of Award Pool Shares (the “Participant Maximum”) available to be awarded to each Participant for each Award, shall be as set forth in the following table.
All Parent Shares received by Company shareholders in respect of the Retention Pool Shares shall, in addition to the forfeiture provisions of the grant of such Retention Pool Shares, be subject to prohibitions on transfer for twelve (12) months as to one-third of such Retention Pool Shares, for twenty-four (24) months as to one-third of such Retention Pool and for thirty-six (36) months as to the remaining one-third of such Retention Pool Shares.
If the employment of any such employee ceases as a result of termination without Cause by Parent or one of its Subsidiaries or if there is a Change in Control of Parent, all of the Parent Shares issued in respect of the Retention Pool Shares allocated to such employee shall immediately vest and be released to such employee.
The Retention Pool Shares shall be allocated among the employees listed on the Retention Schedule in the amounts set forth in the Retention Schedule for each such employee.
If the employment by Parent or any of its Subsidiaries of an employee to whom any Retention Pool Shares have been allocated ceases for any reason other than termination by Parent or such Subsidiary without Cause, all of the Parent Shares issued in respect of the Retention Pool Shares allocated to such employee that have not vested as of the date of such cessation shall be forfeited and become treasury stock of Parent.
The ratio determined by dividing (x) the Unallocated Post-Money Option Pool Shares by (y) the Fully- Diluted Share Number (as defined below) is equal to the Unallocated Post-Money Option Pool Percent.
The Shareholders furthermore wish to grant pre-emptive rights to the other Shareholders, which will be triggered upon the disposal by such Shareholder of its Pool Shares.
As for the Cool Pool Shares, title shall be transferred to the Company as part of the final Subsidiary Completion by Golar arranging for the cancellation of the current share certificate, the issue of a new certificate in the Company’s name which shall be delivered to the Company and the entering of the Company’s name in the relevant Subsidiary’s register of members as the registered owner of those Subsidiary Shares.
ASTRO also understands that the Custom Pool Shares are being offered and issued pursuant to an exemption from the registration requirements of the Securities Act, under Section 4(2) and/or Regulation D of the Securities Act.
The Custom Pool Shares constitute all of the issued and outstanding shares of common stock of Custom Pool.