Restricted Shares definition

Restricted Shares shall have the respective meanings set forth in Section 2.14.

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Restricted Shares means the shares of Stock underlying a Restricted Stock Award that remain subject to a risk of forfeiture or the Company’s right of repurchase.

Restricted Shares means an Award of Shares under Section 5(d) that may be subject to certain restrictions and to a risk of forfeiture.

Examples of Restricted Shares in a sentence

At such time as any Restricted Shares become Vested Shares pursuant to Section 3 and are no longer subject to the Company’s Repurchase Right, the Company shall, at the written request of Stockholder, deliver to Stockholder (or the relevant Permitted Transferee) a certificate representing such Vested Shares with the balance of the Restricted Shares (if any) to continue to be held in escrow pursuant to this Section 4(a).
The Repurchase Right with respect to Restricted Shares shall survive and remain in effect following and notwithstanding any Public Offering by and certificates representing such Restricted Shares shall bear legends to such effect.
The Company or its assigns shall have the right (the “Repurchase Right”) upon the occurrence of any Termination Event to repurchase from Stockholder (or any Permitted Transferee) some or all (as determined by the Company) of the Restricted Shares held by Stockholder (or any Permitted Transferee) at the price per share specified in Section 2(b) below.
In order to carry out the provisions of Section 2 of this Agreement more effectively, the Company shall hold any Restricted Shares in escrow together with separate stock powers executed by Stockholder in blank for transfer, and any Permitted Transferee shall, as an additional condition to any transfer of Restricted Shares, execute a like stock power as to such Restricted Shares.
In the event of any repurchase by the Company (or any of its assigns) of any Restricted Shares, the Company is hereby authorized by Stockholder and any Permitted Transferee, as Stockholder’s and each such Permitted Transferee’s attorney-in-fact, to date and complete the stock powers necessary for the transfer of the Restricted Shares being purchased and to transfer such Restricted Shares in accordance with the terms hereof.

More Definitions of Restricted Shares

Restricted Shares means Shares granted or sold pursuant to Section 8 as to which neither the substantial risk of forfeiture nor the prohibition on transfers referred to in such Section 8 has expired.

Restricted Shares or “Restricted Stock” means shares of Common Stock awarded to a Participant under this Plan, subject to payment of such consideration, if any, and such conditions on vesting (which may include, among others, the passage of time, specified performance objectives or other factors) and such transfer and other restrictions as are established in or pursuant to this Plan and the related Award Agreement, for so long as such shares remain unvested under the terms of the applicable Award Agreement.

Restricted Shares means Shares, granted under Article 8, that are both subject to forfeiture and are nontransferable if the Grantee does not satisfy the conditions specified in the Award Agreement applicable to such Shares.

Restricted Shares means shares of Common Stock granted or sold pursuant to Section 6 of this Plan as to which neither the substantial risk of forfeiture nor the prohibition on transfers referred to in such Section 6 has expired.

Restricted Shares means Common Shares granted or sold pursuant to Section 6 of this Plan as to which neither the substantial risk of forfeiture nor the prohibition on transfers has expired.

Restricted Shares means Shares granted pursuant to Section 9 below subject to certain restrictions that lapse at the end of a specified period or periods.

Restricted Shares means an Award of Shares granted pursuant to Section 9 of the Plan subject to certain restrictions that lapse at the end of a specified period or periods.