Surrendered Shares definition

Surrendered Shares shall have the meaning set forth in Section 2.2.

Surrendered Shares means the shares of Stock described in Section 7 of the Plan which (in lieu of being purchased) are surrendered for cash or Stock, or for a combination of cash and Stock, in accordance with Section 7.

Surrendered Shares shall have the meaning set forth in Section 3.5 hereof.

Examples of Surrendered Shares in a sentence

• A Participant in exchange for his or her Surrendered Shares shall receive a payment in cash or in Shares, or in a combination of cash and Shares, equal in amount on the date such surrender is effected to the excess of the Fair Market Value of the Surrendered Shares on such date over the Exercise Price for the Surrendered Shares.

• Furthermore, any Shares subject to a Stock Incentive which remain after the cancellation, expiration or exchange of such Stock Incentive thereafter shall again become available for use under this Plan, but any Surrendered Shares which remain after the surrender of an ISO or a Non-ISO under Section 8 shall not again become available for use under this Plan.

• The Company hereby acknowledges receipt from the Shareholder of the certificates for the sole purpose of retiring the Surrendered Shares.

• The Company shall forthwith retire the Surrendered Shares pursuant to §78.283 of Chapter 78 of the Nevada Revised Statutes.

• The Shareholder represents and warrants to the Company that he is the owner of the Surrendered Shares and that he has good and marketable title to the Surrendered Shares and that the Surrendered Shares are free and clear of all liens, security interests or pledges of any kind whatsoever.

More Definitions of Surrendered Shares

Surrendered Shares shall have the meaning set forth in Section 5.1.11.

Surrendered Shares means 3,801,360 shares of Class B Common Stock.

Surrendered Shares shall have the meaning set forth in ‎Section 2.1(a)(vi)(C).

Surrendered Shares means the Shares described in Section 11.2 which (in lieu of being purchased) are surrendered for cash or Shares, or for a combination of cash and Shares, in accordance with Section 11.1.

Surrendered Shares means 100,000,000 shares of Custodial Stock to be forfeited and surrendered by the Inventor to the Company for cancellation as set out in Sections 3.2 and 4.2 of this Agreement;

Surrendered Shares means the shares of Stock described in Section 11 which (in lieu of being purchased) are surrendered for cash or Stock, or for a combination of cash and Stock, in accordance with Section 11.

Surrendered Shares means the shares of Stock described in Section 11 as to which an Optionee has surrendered his or her Option in accordance with Section 11.