Compensatory Shares definition

Compensatory Shares means Shares that are awarded to a Grantee without cost and without restrictions either as a bonus, in lieu of cash compensation for services rendered to the Company or for any other compensatory purpose.
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Compensatory Shares shall have the meaning set forth in the recitals hereof.
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Examples of Compensatory Shares in a sentence

  • The Employee may file a written request with the Corporation to have the Compensatory Shares distributed, as soon as practicable, in the form of a transfer to the Employee of Common Stock subject to forfeiture of any portion thereof which does not become vested under the applicable vesting provisions hereunder.

  • Whenever Compensatory Shares are distributed to the Employee under Section 3(c) below, the Employee shall also be entitled to receive, with respect to each Compensatory Share distributed, an amount equal to any cash dividends and a number of shares of Common Stock equal to any stock dividends declared and paid with respect to a share of Common Stock after the date the relevant Compensatory Shares were awarded.

  • All of the Compensatory Shares not otherwise distributed to Employee hereunder shall be voted by the Company as directed by the Employee.

  • The Compensatory Shares shall be earned and non-forfeitable by the Employee at the rate of one-fifteenth per year until April 11, 2012.

  • Except as provided in Section 3(c)(2) below, the Corporation shall distribute Compensatory Shares and accumulated cash from dividends and interest, if any, to the Employee or her Beneficiary, as the case may be, as soon as practicable after they have been earned.

  • Except as provided in Section 3(c)(2) below, the Corporation shall distribute Compensatory Shares and accumulated cash from dividends and interest, if any, to the Employee or his Beneficiary, as the case may be, as soon as practicable after they have been earned.

  • The Compensatory Shares awarded hereunder shall be earned and non-forfeitable by the Employee at the rate of one-fifteenth per year until April 11, 2012.

  • Notwithstanding the general rule contained in Section 3(a)(1) above, all Compensatory Shares held by the Employee at the date of the termination of Employee's service with the Company due to death, disability (as determined by the Board), or the termination of her employment "without cause" under the provisions of Section 10(d) of this Agreement, shall be deemed earned and fully vested as of such date and shall be distributed as soon as practicable thereafter.

  • Notwithstanding the general rule contained in Section 3(a)(1) above, all Compensatory Shares held by the Employee shall be deemed to be immediately 100% earned, fully vested and non-forfeitable in the event of a "change in control" of the Company, the Bank or the Corporation (collectively and/or separately, as the context shall require, the "Relevant Corp" ) and shall be distributed as soon as practicable thereafter.

  • Permanent TROsThe concept of a ‘Minor’ order was supported by users with discussion as to what other scenarios might sensibly sit within the category.

Related to Compensatory Shares

  • Merger Shares has the meaning set forth in Section 2.2(c).

  • Company Stock Plans has the meaning set forth in Section 3.02(b).

  • Company Options means options to purchase shares of Company Common Stock.

  • Compensatory Time means time off with pay for authorized overtime worked in lieu of salary or wages, calculated in accordance with Article 22 of this Contract.

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

  • Primary Shares means at any time the authorized but unissued shares of Common Stock or shares of Common Stock held by the Company in its treasury.

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

  • Company Stock Plan means any stock option plan or other stock or equity-related plan of the Company.

  • Company Share Plans mean (a) the Company’s Stock Related Award Incentive Plan of 1999, as amended; (b) the Company’s 2010 Stock Incentive Plan, as amended; and (c) the Company’s 2015 Stock Incentive Plan, as amended;

  • Company RSUs means any restricted stock units granted under any of the Company Equity Plans.

  • Parent Stock Plans has the meaning set forth in Section 4.5(a).

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

  • Equity Shares means the Common Shares and any shares of any other class or series of the Corporation which may from time to time be authorized for issue if by their terms such shares confer on the holders thereof the right to participate in the distribution of assets upon the voluntary or involuntary liquidation, dissolution or winding up of the Corporation beyond a fixed sum or a fixed sum plus accrued dividends;

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

  • Parent Stock Plan has the meaning set forth in Section 6.2(a).

  • Buyer Preferred Stock means the preferred stock, par value $0.001 per share, of Buyer.

  • Shares means the shares of Common Stock issued or issuable to each Purchaser pursuant to this Agreement.

  • Company Stock means, collectively, the Company Common Stock and the Company Preferred Stock.

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

  • New Ordinary Shares means the new Ordinary Shares arising on Conversion of the C Shares;

  • Converted Shares means the Subject Equity Shares resulting from the conversion of Restricted Voting Shares into the Subject Equity Shares pursuant to subparagraph (ii);

  • Ordinary Shares means the ordinary shares, par value $0.0001 per share, of the Company.

  • Compensatory time off means authorized time off earned by or awarded to an employee to compensate in whole or in part for time worked in excess of the minimum work time required of that employee as a condition of his or her employment.

  • A Ordinary Shares means the A ordinary shares of £0.01 each in the capital of the Company;

  • Fully Diluted Company Shares means the total number of issued and outstanding shares of Company Common Stock, (a) after giving effect to the Company Preferred Stock or otherwise treating shares of Company Preferred Stock on an as-converted to Company Common Stock basis, and (b) treating all outstanding in-the-money Specified Company Warrants as fully vested and as if the Specified Company Warrants had been exercised for cash as of the Effective Time, but for the avoidance of doubt excluding any Company Securities described in Section 1.11(b).