Examples of Third Anniversary in a sentence
Date of Vesting Percentage of Options to Vest Third Anniversary of Grant Date 100% If the scheduled Normal Vesting Date is a non-business day, the next following business day will be considered the Normal Vesting Date.
On and after the Third Anniversary, the Shareholders shall have the right to Transfer, or to permit any of its Affiliates (including the ultimate beneficial owners of such Shareholder) to Transfer, their Restricted Shares only pursuant to and in compliance with the terms of Sections 3.02, 3.03 and 3.04.
Exploration Requirements and Payments of Cash and Shares: Date Exploration Cash Shares Vesting Listing* $100,000 (completed) $20,000 150,000 0% First Anniversary** $30,000 $15,000 nil 0% Second Anniversary $170,000 $15,000 70,000 0% Third Anniversary $700,000 $40,000 120,000 0% Fourth Anniversary $1,000,000 $55,000 360,000 0% Total $2,000,000 $145,000 700,000 100% *Listing refers to the date of listing of Optionee on a Canadian Stock Exchange, but, in any event, no later than June 15, 2015.
The purchase price for the Units being redeemed pursuant to Section 9.2.1 shall be equal to an aggregate dollar amount equal to a 25% annual compounded cumulative return on the Investment, calculated from the Effective Date through the earlier of (i) the Put Notice Date, or (ii) the Third Anniversary, less any prior distributions to the Investor pursuant to Sections 7.1.1, 7.1.2, and 7.1.3 hereof (the “Liquidity Preference”).
The Liquidation Payment shall equal the greater of (a) the Liquidity Preference (calculated through the Third Anniversary date), or (b) the Aggregate Sale Consideration multiplied by the Investor’s Percentage Interest.