Sufficient Shares definition

Sufficient Shares means the smallest number of Shares that, when sold, will produce an amount at least equal to the relevant Tax Liability (after deduction of brokerage and any other charges or taxes on the sale);
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Sufficient Shares means the smallest number of Shares which, when sold, will produce an amount at least equal to the relevant Tax Liability (after deduction of brokerage and any other charges or taxes on the sale).
Sample 1Sample 2

Examples of Sufficient Shares in a sentence

  • If an Option Holder does not fulfil his obligations under either rule 8.1.1 or rule 8.1.2 in respect of any Tax Liability arising from the exercise of an Option within seven days after the date of exercise and Shares are readily saleable at that time, the Grantor shall withhold Sufficient Shares from the Shares that would otherwise be delivered to the Option Holder.

  • If an Option Holder does not fulfil his obligations under either Rule 9.1(a) or Rule 9.1(b) in respect of any Tax Liability arising from the exercise of an Option within seven days after the date of exercise and Shares are readily saleable at that time, the Grantor shall withhold Sufficient Shares from the Shares which would otherwise be delivered to the Option Holder.

  • Know All Persons by These Presents:That we, as Principal, whose address is and as Surety, being a surety company authorized to do business in the State of re bound to the Department of Insurance in the sum of $10,000.00 as specified at [ insert reference to state law or regulation].

  • If an Option Holder does not fulfil the obligations under either rule 11.1(a) or rule 11.1(b) in respect of any Tax Liability arising from the exercise of an Option within seven days after the date of exercise, the Corporation shall withhold Sufficient Shares from the Shares that would otherwise be delivered to the Option Holder.

  • If an Option Holder does not fulfil his obligations under either rule 7.1.1 or rule 7.1.2 in respect of any Tax Liability arising from the exercise of an Option within seven days after the date of exercise and Shares are readily saleable at that time, the Grantor shall withhold Sufficient Shares from the Shares that would otherwise be delivered to the Option Holder.

  • If a Participant does not fulfil his obligations under rule 15.1(a) or rule 15.1(b) hereof in respect of any Tax Liability arising from the exercise of an Option within seven days after the date of exercise and Shares are readily saleable at that time, the Company shall withhold Sufficient Shares from the Shares which would otherwise be delivered to the Participant.

  • Participant hereby appoints the Company (acting by any of its directors from time to time) as Participant’s attorney to sell Sufficient Shares, deal with the proceeds of that sale and execute any joint UK EMPLOYEESelection required to be entered into under Section 9 in Participant’s name and on Participant’s behalf and execute any documents that would be required by the Company's or any Parent’s or Subsidiary’s constitution or organizational documents.

  • Reasons for the Proposed Amendment Sufficient Shares Are Required to Attract, Motivate and Retain Key Employees and Non-Employee Directors In connection with the Prior Reverse Stock Splits, the authorized number of shares of our common stock reserved for issuance under the 2018 was decreased such that 1,666,666 shares of common stock are currently authorized for issuance under the 2018 Plan.

  • Sufficient Shares Registered for Resale..............................................18 Section 7.11.

  • As it turned out, Statoil was only allowed to buy back selected SDFI assets that fortified its natural gas portfolio in order to make it more attractive to potential investors.

Related to Sufficient Shares

  • Parent Shares means the shares of common stock, par value $0.01 per share, of Parent.

  • Common Shares means the common shares in the capital of the Corporation;

  • Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

  • Company Shares means the common shares in the capital of the Company;