Unvested Shares definition
Examples of Unvested Shares in a sentence
From the award date and for so long as the Unvested Shares shall not have been forfeited as provided in Section 2 above, you will have the right to vote the Restricted Shares and to receive with respect to the Restricted Shares any dividends that the Company may declare regarding the Common Shares; provided, however, that any dividend payable in Common Shares also will be deemed to be Restricted Shares under this Notice.
The Company shall retain the same and any other stock certificate or certificates that evidence Unvested Shares at any time.
You acknowledge and agree that all certificates evidencing Unvested Shares will bear substantially the following legend: THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN VESTING AND FORFEITURE PROVISIONS AS SET FORTH IN A RESTRICTED SHARE AGREEMENT BETWEEN THE CORPORATION AND THE REGISTERED HOLDER, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL OFFICE OF THE CORPORATION.