Glossary entry

English term or phrase:

unvested FS Shares

Greek translation:

μη κατοχυρωμένες μετοχές / μη θεμελιωμένες μετοχές ιδρυτών-μετόχων

Added to glossary by Nick Lingris
Nov 17, 2019 07:53
4 yrs ago
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English term

unvested FS Shares

English to Greek Bus/Financial Automotive / Cars & Trucks articles of association
Upon the Deferred Conversion Date, the relevant Founding Shareholder (and his Permitted Transferee(s)) shall deliver to the Company at its registered office the share certificate(s) (to the extent not already in the possession of the Company) (or an indemnity for lost certificate in a form acceptable to the Board) for the unvested FS Shares so converting and upon such delivery there shall be issued to him (or his Permitted Transferee(s)) share certificate(s) for the number of Deferred Shares resulting from the relevant conversion and any remaining Ordinary Shares
Change log

Nov 17, 2019 07:53: changed "Kudoz queue" from "In queue" to "Public"

Nov 22, 2019 07:41: Nick Lingris Created KOG entry

Proposed translations

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μη κατοχυρωμένες μετοχές / μη θεμελιωμένες μετοχές ιδρυτών-μετόχων

Publicly traded corporations often award company shares to their employees as part of the compensation package. However, the employee must work a certain number of years before she can sell these shares. Understanding the rights and restrictions associated with these unvested shares is important if you own such stock.

Definition

In finance, vesting refers to the transfer of full ownership of a financial instrument. If a company has set aside a certain amount of stock for you, but stipulates that certain conditions have to be met before these stocks are assigned to you, such shares are considered unvested. Until the shares vest, you cannot sell or transfer them to another party. You also can't use the voting rights that come with stock ownership if the stock has not yet vested. In other words, you have nothing but a promise of future transfer of shares if they are still unvested.

Vesting Process

In most cases, a predetermined amount of time must pass for the shares to vest. An executive, for example, may be promised 100,000 of his company's own shares that will be awarded to him in two years. The two-year period is referred to as the vesting period. Less frequently, the vesting process might be contingent on meeting performance targets. The executive may be given shares only if the company's net profit reaches a particular target, for example, or if the stock price of the company exceeds a threshold by a certain date.
https://budgeting.thenest.com/unvested-stock-31525.html

Όροι που χρησιμοποιούνται για τη διαδικασία vesting:

κατοχύρωση
θεμελίωση
ωρίμανση
ενεργοποίηση

https://www.google.com/search?client=firefox-b-d&q=μετοχών ε...

Συχνά το δικαίωμα προαίρεσης αγοράς μετοχών από εργαζομένους μπορεί να ασκηθεί μόνο μετά από την παρέλευση περιόδου κατοχύρωσης δικαιώματος (vesting period) ή/και αν πληρούνται ορισμένες προϋποθέσεις (όπως π.χ., ελάχιστη αύξηση της τιμής μετοχής).
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