Restricted Share definition
Examples of Restricted Share in a sentence
Subject to paragraph 3 under Section 1 above, as long as the Grantee continues to hold a Key Position, any unvested Restricted Share Unites will remain outstanding.
The grant of the Restricted Share Units under the Plan is a one-time benefit and does not create any contractual or other right to receive an award of Restricted Share Units or benefits in lieu of Restricted Share Units in the future.
In the event of your Demotion (as defined below), then the Administrator has the right, but not the obligation, to reduce the number of your unvested Restricted Share Units by an amount to be determined in the Administrator’s discretion on an individual, case-by-case basis.
In the event of a transfer of part or all of the Restricted Share Units held by you as consented to by the Administrator, you hereby acknowledge and agree that you have the obligation to ensure that the transferee will be subject to and comply with the same terms, conditions, requirements and restrictions imposed on you by the Company in connection with the Restricted Share Units granted hereunder.
In the event of granting written consents for any transfer, the Administrator shall have fullest discretion permitted by applicable laws in deciding the extent to which, and stipulating terms and conditions under which, such transfer of the Restricted Share Units may be allowed (including, but not limited to, the transfer of part or all of the Restricted Share Units, for each of the vested and unvested portions of the Restricted Share Units).