Pro-Rata Share of Restricted Stock

Pro-Rata Share of Restricted Stock. For any period shall mean, for any grant of restricted stock as to which the Company's repurchase right lapses ratably over a specified time (e.g. in equal annual increments over four years), that number of shares as to which the Company's repurchase right with respect to those shares would have lapsed if the Executive's employment by the Company had continued for such period. For any other shares of restricted stock, Pro-Rata Share of Restricted Stock shall mean, as to any shares of restricted... stock that were granted on the same date and as to which the Company's repurchase right lapses on the same date, that portion of such shares calculated by multiplying the number of shares by a fraction, the numerator of which is the number of days that have passed since the date of grant, plus the number of days in the period in question, and the denominator of which is the total number of days from the date of the grant until the date (without regard to any provisions for earlier vesting upon achievement of a specified goal) on which the Company's repurchase right would lapse under the terms of the grant View More