Released Stock definition

Released Stock means all of the Company's right, title and interest in and to the capital stock of any Borrower.
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Released Stock is defined in Section 4.5(c).
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Released Stock has the meaning set out in Section 3.2(c);
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Examples of Released Stock in a sentence

  • Upon satisfaction of the conditions referenced in both (f) and (g) above (regardless of whether they occur simultaneously or consecutively), all of the unvested Restricted Shares will be 100% vested and will be deemed Released Stock.

  • No right under this Plan, other than stock issued pursuant to the terms of the Plan not otherwise subject to restrictions on transfer ("Released Stock"), shall be assignable, alienable, saleable, or transferable by a Participant other than by will or by the laws of descent and distribution.

  • Accordingly, the Released Stock shall no longer constitute either "Pledged Securities" or "Collateral Coverage Securities" for any purpose of the Credit Agreement.

  • In the event of a Change of Control, all restrictions upon any Restricted Stock shall lapse immediately and all such Restricted Stock shall become Released Stock for the purposes of this Agreement and will be deemed “vested” and will no longer be Restricted Stock for the purposes of this Agreement or the Plan.

  • Effective upon the Effective Date, the Lender hereby releases, discharges, retransfers and reassigns, without warranty or recourse of any kind, from the liens created under or evidenced by any of the Financing Agreements, all of Lender's right, title and interest in and to the Released Stock.

  • No right hereunder (other than Released Stock) may be pledged, alienated, attached, or otherwise encumbered and any purported pledge, alienation, attachment, or encumbrance thereof shall be void and unenforceable against the Company or any affiliate.

  • The dividends or other distributions so withheld by the Company and attributable to any particular share of the Restricted Stock (and earnings thereon, if applicable) shall be distributed to the Awardee upon such share becoming a Released Stock (as defined herein) and, if such share is forfeited or otherwise cancelled in accordance with this Award Agreement, the Awardee shall have no right to such dividends or other distributions.

  • However, should, pursuant to the Credit Suisse Contract, SSI and/or SSD receive from or retain the Released Stock free of the rights of Credit Suisse, the same shall be pledged to the Lenders pursuant to the Amended and Restated Pledge Agreement between the Borrowers and Agent, dated April 17, 1998.

  • Simultaneously with the receipt of proceeds by the Selling Shareholders from the sale of the Released Stock, the selling Shareholders shall loan the Company an aggregate of $750,000 pursuant to a Promissory Note which shall provide that such loan shall mature 30 days after the date it is made and shall be interest free until maturity.

  • Except for the Released Stock, all security interests and stock pledges granted and contained in the Xxxxxxxx Security Agreement, the CTS Security Agreement, the CTS Pledge Agreement, the LNS Security Agreement and the Xxxx UCC-1 shall remain pursuant to the terms of the applicable agreement and/or the applicable UCC-1 financing statement, as modified hereby.


More Definitions of Released Stock

Released Stock is defined in SECTION 4.5(B).
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Related to Released Stock

  • Purchased Stock means a right to purchase Common Stock granted pursuant to Article IV of the Plan.

  • Award Shares means Shares covered by an outstanding Award or purchased under an Award.

  • Restricted Shares shall have the respective meanings set forth in Section 2.14.

  • Awarded Stock means the Common Stock subject to an Award.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Unvested Shares means "Unvested Shares" as defined in the Award Agreement.

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

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

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Escrowed Shares has the meaning set forth in Section 2.4.

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

  • Excluded Shares has the meaning set forth in Section 2.1(b).

  • Rollover Shares has the meaning given in the recitals.

  • Plan Shares means the total number of Common Shares which may be reserved for issuance as Optioned Shares under the Plan as provided in §2.2;

  • Retained Shares has the meaning set forth in the recitals.

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

  • Forfeiture Restrictions means any prohibitions and restrictions set forth herein with respect to the sale or other disposition of Shares issued to the Recipient hereunder and the obligation to forfeit and surrender such shares to the Company.

  • Cancelled Shares has the meaning set forth in Section 3.1(a).

  • RSUs means that number of Restricted Stock Units listed in the Award Notice as “Restricted Stock Units Granted.”

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

  • Restricted Share Award means an award of Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(a).

  • Parent Stock means the common stock, par value $0.01 per share, of Parent.

  • Restricted Stock Award means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(a).

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

  • Company Restricted Shares means all shares of Company Common Stock subject to vesting restrictions and/or forfeiture back to the Company, whether granted under a Company Stock Plan or otherwise.

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