Unrestricted Shares definition

Unrestricted Shares means a grant of Shares made on an unrestricted basis pursuant to Section 13 of the Plan.

Unrestricted Shares means a grant of Shares free of any Restricted Period, Performance Goals or any substantial risk of forfeiture. Unrestricted Shares may be granted in respect of past services or other valid consideration, or in lieu of cash compensation due to an Employee.

Unrestricted Shares means Shares issued under the Plan that are not subject to either a risk of forfeiture or a Restriction Period.

Examples of Unrestricted Shares in a sentence

• Unrestricted Shares, evidenced in such manner as the Committee shall deem appropriate, shall be issued to the holder of Restricted Stock promptly after the applicable restrictions have lapsed or otherwise been satisfied.

• Unrestricted Shares, evidenced in such manner as the Committee shall deem appropriate, shall be delivered to the holder of Restricted Stock promptly after such restrictions have lapsed.

• Unrestricted Shares, evidenced in such manner as the Committee shall deem appropriate, shall be delivered to the holder of Restricted Stock promptly after such Restricted Stock shall become Released Securities.

• In addition, the Committee may grant Awards hereunder in the form of Unrestricted Shares which shall vest in full upon the Grant Date or such other date as the Committee may determine or which the Committee may issue pursuant to any program under which one or more Eligible Persons (selected by the Committee in its sole discretion) elect to pay for such Shares or to receive Unrestricted Shares in lieu of cash bonuses that would otherwise be paid.

• The Committee may cause the Company to grant Unrestricted Shares to associates at such time or times, in such amounts and for such reasons as the Committee, in its sole discretion, shall determine.

More Definitions of Unrestricted Shares

Unrestricted Shares mean Shares awarded pursuant to Section 8 of the Plan. EXHIBIT B MEMORANDUM Commerce Energy Group, Inc. 2006 Stock Incentive Plan COMMON STOCK ($0.001 PAR VALUE) This Memorandum relates to shares of common stock, $0.001 par value per share (the “Common Stock”), of Commerce Energy Group, Inc., a Delaware corporation (the “Company”), issuable in satisfaction of awards made under Commerce Energy Group, Inc.’s 2006 Stock Incentive Plan (the “Plan”) to eligible employees, consultants and directors of the Company. Stock options, share appreciation rights, restricted shares, restricted share units, unrestricted shares, deferred share units, performance shares and performance units may be awarded under the Plan. The date of this Memorandum is May 8, 2006. THIS DOCUMENT CONSTITUTES PART OF A PROSPECTUS COVERING SECURITIES THAT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THIS MEMORANDUM AND THE DOCUMENTS INCORPORATED BY REFERENCE IN THIS MEMORANDUM CONSTITUTE A SECTION 10(a) PROSPECTUS UNDER THE SECURITIES ACT. COMMERCE ENERGY GROUP, INC. 000 Xxxxx Xxxx., Suite 200 Costa Mesa, California 92626 This Memorandum does not constitute an offer to sell or a solicitation of an offer to buy any securities other than the registered securities to which it relates or an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation. Neither delivery of this Memorandum nor any sale made thereunder shall, under any circumstances, create any implication that there has been no change in the affairs of the Company or in any information included therein, in any supplement thereto or in any document incorporated by reference since the date hereof or thereof.

Unrestricted Shares shall have the meaning set forth in Section 2.2(a).

Unrestricted Shares means an Award pursuant to Section 12 hereof.

Unrestricted Shares means Shares awarded pursuant to Section 9 of the Plan.

Unrestricted Shares mean Shares awarded pursuant to Section 8 of the Plan.

Unrestricted Shares means a grant of Shares free of any employment based restrictions. Unrestricted Shares may be granted in respect of past services or other valid consideration, or in lieu of cash compensation due to a Service Provider.

Unrestricted Shares means an Award pursuant to Section 11 hereof.