Returned Shares definition

Returned Shares has the meaning set forth in Section 12.2.2.

Returned Shares has the meaning assigned to such term in Section 4(b).

Returned Shares has the meaning set forth in Section 14.2(b) of the Agreement.

Examples of Returned Shares in a sentence

• For the purposes of this Clause 10.8, the date on which the Founder becomes a Bad Leaver or a Good Leaver shall be the Trigger Date and the Shares that the Founder is required to Transfer under this Clause 10.8 shall be the Returned Shares.

• If parts of the Returned Shares are subject to Transfer under different price determination, the period for Transfer under the preceding sentence shall commence at once as of the latest event occurring under the preceding sentence.

• Promoters shall have no transfer restriction on such Returned Shares.

• Transfer restrictions in relation to the other shares of the Company held by the Existing Shareholders (except for the Returned Shares) will continue to be governed by paragraph 5 (Transfer Restrictions) of this MOU; c) Veeda shall continue to have the option for 2 years (i.e. till December 2023) to purchase the Balance Shares at 11x Last Trailing 12 Months EBITDA, if the Veeda IPO has not been completed.

• Each Stockholder Party shall abide by the provisions set forth in this Section 3 with respect to a Transfer of any of its Shares (including, in the case of the Trust, any Returned Shares); provided, however, that the provisions of this Section 3 shall not apply with respect to any Transfer made by the Trust pursuant to the Stock Option Agreement.

More Definitions of Returned Shares

Returned Shares means the 2,009,622 Alcanna Company Shares which shall be returned to the Company for cancellation pursuant to Section 2.4.”

Returned Shares means the 2,009,622 SNDL Nova Shares to be returned to Nova for cancellation; "RSUs" means Restricted Share Units;

Returned Shares defined in Section 5.7.

Returned Shares means Shares and related income which are not vested and/or forfeited in accordance with the Share Award Scheme;

Returned Shares defined in Section 2.13 in the Detailed Terms.

Returned Shares such Awarded Shares and their Related Income which have failed to vest in accordance with the terms of the Scheme (whether as a result of a Total Lapse or a Partial Lapse or otherwise), or which were forfeited in accordance with the terms of the Scheme, or such Shares being deemed to be Returned Shares pursuant to the terms of the Scheme and/or the Trust Deed;

Returned Shares such Awarded Shares which are referable to a Selected Employee and which are not vested and/or forfeited in accordance with the terms of the Scheme, or such Shares being deemed to be Returned Shares pursuant to the terms and conditions set out herein;