Shareholders' Agreements · glossary

Vested Shares

The manager's C Shares that have vested: 2,500 on each of the first four anniversaries of Completion. Vesting changes nothing on the register. It sets the price she is paid for each share when she leaves. Definition: Vested Shares · Clause 16.2 · Chapter 9

Explained in Chapter 9, The Manager, of Shareholders' Agreements.

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As defined in the training shareholders' agreement
at any time, the C Shares which have vested under clause 16.2;
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