Transferable Shares

Example Definitions of "Transferable Shares"
Transferable Shares. Means all or a portion of the Shares that are eligible for resale in compliance with Rule 144 of the Securities Act (including the requirement that the Shares meet the one-year holding period specified in Rule 144(d)).
Transferable Shares. As of any measurement date, such number of shares of Stock issuable upon exercise of the Option as is equal to the greater of (i) the Sale Percentage as of such date or (ii) the Release Percentage as of such date.
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