Examples of Unreleased Shares in a sentence
ESOP compensation expense was$3.9 million in 2002 ($2.6 million in 2001; $2.3 million in 2000).Year Ended December 31 2002 2001 2000 MillionsSharesAllocated Shares Unreleased Shares 3.83.7 3.9 3.94.0 4.2Total ESOP SharesStock Option and Award Plans.
Upon the termination of a Founder’s employment with the Company for Cause, the Released and Unreleased Shares of such Founder shall be Transferred to other shareholders in proportionate to their respective shareholding in the Company at the face value or at the lowest possible value permissible under Law at the time of such termination; or shall be treated in any other such manner, as determined by the Board, without the participation of the concerned Founder.
In addition, thecommon factor does not depend upon a specific risk factor.
No Unreleased Shares subject to the Repurchase Option contained in Section 3 of this Agreement, nor any beneficial interest in such Shares, shall be sold, gifted, transferred, encumbered or otherwise disposed of in any way (whether by operation of law or otherwise) by the Purchaser, other than as expressly permitted or required by Section 3.
In such event, Participant shall not retain physical custody of any certificates representing Unreleased Shares issued to Participant.