Released Shares definition
Released Shares means those of the Restricted Securities which are released from stock restrictions in accordance with the following automatic timed release schedule: 12 months after the Listing Date 100% of the Restricted Securities The Shareholder acknowledges that the Released Shares will be subject to a 12 month hold period beginning on the Listing Date.
Released Shares means those of the Restricted Securities which are released from stock restrictions in accordance with the following automatic timed release schedule: On the date our securities are listed on the CSE (the “Listing Date”) 1/10 of the Restricted Securities 6 months after the Listing Date 1/6 of the remainder of the Restricted Securities 12 months after the Listing Date 1/5 of the remainder of the Restricted Securities 18 months after the Listing Date 1/4 of the remainder of the Restricted Securities 24 months after the Listing Date 1/3 of the remainder of the Restricted Securities 30 months after the Listing Date 1/2 of the remainder of the Restricted Securities 36 months after the Listing Date The remainder of the Restricted Securities
Released Shares has the meaning set forth in Section 5.10(b).
Examples of Released Shares in a sentence
Transfers made pursuant to this Section, with the exception of any transfer of Released Shares, shall not be valid unless and until the transferee shall have executed a joinder to this Agreement and any other agreements reasonably required by the Company pursuant to which such transferee(s) agree to be bound by the terms and conditions of this Agreement.
More Definitions of Released Shares
Released Shares means Shares that are not Unreleased Shares.
Released Shares shall have the meaning ascribed to such term in Section 5.2.
Released Shares means those shares of Restricted Stock no longer subject to Forfeiture in accordance with Section 2 hereof (other than pursuant to Section 2(f), (g) or (h)) at the relevant date of determination.
Released Shares has the meaning ascribed thereto in Section 3.5.1.1 hereof;
Released Shares means Shares that, in accordance with Sections 3.1, 3.2 and 3.3, are no longer subject to repurchase by the Corporation pursuant to Section 4.
Released Shares means the Purchaser Common Shares actually issued to Sellers after the Closing Date pursuant to Section 2.4(d) or in connection with the Holdback pursuant to Section 2.4(e), Section 10.5(b) or Section 10.5(c).
Released Shares means a number of JEN Shares determined by subtracting (A) the number of Holdback Shares from (B) the total number of JEN Shares outstanding at the applicable time, and (ii) “Holdback Shares” means a number of JEN Shares determined by dividing (A) the aggregate amount, if any, of outstanding claims for indemnification against Sellers under Section 8.2(a) of the Master Agreement properly asserted in a written notice within the required timing for asserting such claim in accordance with Article VIII of the Master Agreement (but not yet resolved as of the last day of the Lockup Period) by (B) the per share price of Avatar Common Stock as of the last day of the Lockup Period based on the average of the 20 prior trading day closing prices thereof.