Initial Vesting Date. On the Earnings Release Date for the Company's 2015 first fiscal quarter (the "Initial Vesting Date"), the percentage of the Restricted Shares vesting shall be equal to the percentage obtained by dividing (i) the Cumulative Net Non-GAAP EBITDA (as defined below) through the end of Company's 2015 first fiscal quarter, by (ii) $10.5 million.
Appears in 1 contract
Sources: Restricted Stock Award Agreement (Management Network Group, Inc.)
Initial Vesting Date. On the Earnings Release Date for the Company's 2015 2014 first fiscal quarter (the "Initial Vesting Date"), the percentage of the Restricted Shares vesting shall be equal to the percentage obtained by dividing (i) the Cumulative Net Non-GAAP EBITDA (as defined below) through the end of Company's 2015 2014 first fiscal quarter, by (ii) $10.5 14 million.
Appears in 1 contract
Sources: Restricted Stock Award Agreement (Management Network Group Inc)