Retention Shares definition

Retention Shares means shares of Common Stock subject to an Award granted under the Plan.

Retention Shares means Shares subject to an Award granted under Section 8 of the Plan.

Retention Shares means ____ of the Shares subject to this ---------------- Option Agreement."

Examples of Retention Shares in a sentence

• The main reasons for support are: * Retention Shares will only be granted in exceptional circumstances; * The shorter vesting period for part of the first awards is a one-off transitional arrangement and will not be used for future awards; and * The proposed Plan is generally in line with good market practice and represents an improvement to the previous remuneration framework.

• Retention Shares and Matched Shares are not subject to Performance Conditions and as such Participants will receive 100% of the distributions in respect of unvested Retention and Matched Shares.

• For avoidance of doubt, any Award of Performance Shares and / or Retention Shares which has already Vested will be unaffected by this provision.

• The mix between Forfeitable Shares will be weighted considerably more towards Performance Shares, as the Performance Shares will be awarded annually, whereas the Retention Shares will be awarded on an ad hoc basis to address specific needs determined by the Committee.

• Call Option The Key Personnel shall irrevocably grant to the Purchaser the Call Option over the Retention Shares, which shall become exercisable by three phases until the expiry of one month after the Key Personnel ceases to be an employee of the Target Company.

More Definitions of Retention Shares

Retention Shares means shares of Common Stock subject to an Award granted under the Plan, including Rollover Retention Shares.

Retention Shares means shares of Common Stock awarded pursuant to Section 9 of the Plan.

Retention Shares means any Vested Shares and any Additional Shares which the Participant is required to retain during the Retention Period;

Retention Shares has the meaning set forth in Section 3.04(c).

Retention Shares means the Shares which are subject to a Retention Period;

Retention Shares means Shares subject to an Award granted under Section 8 of the Plan. “Restriction Period” means the period defined in Section 8(b)(i).

Retention Shares has the meaning given in Clause 4.2(b)(ii);