Suspense Shares definition

Suspense Shares means shares of Company Common Stock allocated to the suspense account pursuant to the ESOP.
Sample 1Sample 2Sample 3
Suspense Shares means 486,451 shares of Fox Chase Common Stock held in the suspense account pursuant to the ESOP, ESOP Loan and ESOP Pledge Agreement.
Sample 1Sample 2
Suspense Shares has the meaning given to such term in Section 5.7(a)(vi)(B) of this Agreement.
Sample 1

Examples of Suspense Shares in a sentence

  • If the Final Resolution Date occurs as a result of Involuntary Termination, then the Suspense Shares will thereupon immediately vest and become Earned and released from Escrow in their entirety.

  • If the Final Resolution Date occurs for any reason other than Involuntary Termination, the Suspense Shares will thereupon immediately be forfeited and automatically reacquired by the Company at no cost to the Company.

  • The Company shall cause the ESOP’s plan administrator to direct the Trustee to remit a sufficient amount of the Suspense Shares back to the Company to repay the outstanding ESOP Loan in full, and the proceeds of the sale of the Suspense Shares shall be used to repay the outstanding balance of the ESOP Loan as of the Effective Time, with each remitted share to be valued equal to the Merger Consideration.

  • As of the date of this Agreement, there are (a) 11,598,869 shares of Fox Chase Common Stock issued and outstanding, (b) 3,141,201 shares of Fox Chase Common Stock held by Fox Chase as Treasury Stock, (c) 477,316 shares of Fox Chase Common Stock which have been allocated under the ESOP, (d) 486,451 shares of Fox Chase Common Stock which are Suspense Shares, and (e) no other shares of capital stock or other voting securities of Fox Chase issued, reserved for issuance or outstanding.

  • The Company shall direct the repayment of any outstanding ESOP debt in full (including ESOP loan(s) and accrued interest) by directing the ESOP trustee to first use any cash remaining in the suspense account to repay such ESOP debt and then, if and as necessary, to remit a sufficient number of Suspense Shares back to the Company to repay any remaining ESOP debt in full, .

  • Envision Bank shall direct the repayment of any outstanding ESOP debt in full (including ESOP loan(s) and accrued interest) by directing the ESOP trustee to first use any cash remaining in the suspense account to repay such ESOP debt and then, if and as necessary, to remit a sufficient number of Suspense Shares back to the Company to repay any remaining ESOP debt in full, with each remitted share to be valued at $27.00.

  • The following table sets forth the number of shares held in the Leveraged ESOP at year-end: 1996 1995 1994 --------- --------- --------- Allocated Shares 1,042,763 898,172 758,430 Committed to be Released Shares 6,744 9,683 8,909 Suspense Shares 2,589,446 2,836,500 3,089,631 Prior to 1995, Cyprus Amax sponsored other defined contribution plans which have been merged into the Savings Plan.

  • The "Surplus Amount" shall be the excess, if any, of (iii) the Closing Price as of the last trading day prior to the end of the Plan Year of all Suspense Shares required to be released from this Plan's ESOP Loan Suspense Account for such Plan Year but which were otherwise not released throughout such Plan Year multiplied by the number of such Shares, over (iv) the Tentative Supplemental Contribution of this Plan for such Plan Year (without regard to forfeitures).

  • If the Suspense Shares are insufficient to repay the outstanding balance of the ESOP Loan in full, the Company shall forgive the remaining balance of the ESOP Loan (after remitting the Suspense Shares to the Company).

  • After repayment of the outstanding ESOP Loan and the exchange of the shares of Company Common Stock for the Merger Consideration, the cash received upon conversion of the remaining Suspense Shares shall be deemed to be earnings and shall be allocated to ESOP participants’ accounts as earnings.


More Definitions of Suspense Shares

Suspense Shares means shares of Company Common Stock allocated to the suspense account pursuant to the ESOP .
Sample 1

Related to Suspense Shares

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Consideration Shares shall have the meaning set forth in Section 2.7(c).

  • Exchange Shares has the meaning set forth in Section 2.01(b).

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Remaining Shares has the meaning set forth in Section 4.1.2.

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Sold Shares shall have the meaning specified in Section 6.

  • Exercise Shares means shares of the Company’s Common Stock issuable upon exercise of this Warrant, as appropriate.

  • Settlement Shares With respect to any Settlement Date, a number of Shares, not to exceed the Base Amount, designated as such by Party B in the related Settlement Notice or by Party A pursuant to “Termination Settlement” below; provided that on the Maturity Date the number of Settlement Shares shall be equal to the Base Amount on such date.

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

  • Initial Shares means a number of Registrable Securities equal to the lesser of (i) the total number of Registrable Securities and (ii) one-third of the number of issued and outstanding shares of Common Stock that are held by non-affiliates of the Company on the day immediately prior to the filing date of the Initial Registration Statement.

  • Acquired Shares has the meaning set forth in the Recitals.

  • Acquisition Shares means the shares of an Acquiring Fund to be issued to the corresponding Target Fund in a reorganization under this Agreement.

  • Pubco Shares means fully paid and non-assessable common shares of Pubco to be issued to the Selling Shareholders by Pubco upon Closing on the basis of 1 Pubco Share for 5.4935 Priveco Shares;

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

  • Purchase Shares has the meaning set forth in Section 2.5(c).

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

  • Earn-Out Shares has the meaning provided in Section 2.2(b).

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.

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

  • Put Shares means shares of Common Stock that are purchased by the Investor pursuant to a Put.