Examples of Share Award in a sentence
On the basis of the Share Award Offer Price of HK$10.22 per Unvested Award or 2019 Award, 2,001,410 Unvested Awards and the Estimated Number of 2019 Awards (assuming the Roll-over Arrangements are not implemented, the vesting of the 2019 Vesting Awards is deferred and the 2019 Awards are granted in July 2019) as at the Last Trading Day, the Share Award Amount is approximately HK$30 million.
If the Roll-over Arrangements are implemented, no Share Award Offer Price will be paid in respect of the Roll-over Awards — details of the Roll-over Arrangements are set out in the section headed “The Roll-over Arrangements” below.
The Offeror will make the Share Award Offer to cancel all of the Non Roll-over Awards (if the Roll-over Arrangements are implemented, including the 2019 Awards to the extent granted and which do not constitute Roll-over Awards), or all of the Unvested Awards (if the Roll-over Arrangements are not implemented), in each case, to the extent they have not otherwise lapsed or been cancelled, in return for the Share Award Offer Price for each Non Roll-over Award or Unvested Award (as applicable) cancelled.
The Share Award is payable annually in arrears always by the end of the sixth (6th) month of the year following the calendar year in which the Revenues were made.
The Offeror will not increase the Scheme Consideration Price or the Share Award Offer Price.