Offset Amounts Clause Samples
Offset Amounts. The number of Shares (if any) that vests on the First Post-Milestone Service Date will be reduced by a number of Shares having a Fair Market Value equal to (rounded up to the nearest whole Share) the Initial Offset Amount unless Participant elects to pay the Company an amount in cash equal to the Initial Offset Amount not later than the First Post-Milestone Service Date. For purposes of this Award Agreement, the “
Offset Amounts. Notwithstanding any provision in this Agreement to the contrary, the amount of each Annual Installment shall be reduced by an amount equal to the Offset Amount calculated for the year with respect to which such Annual Installment is payable. For purposes of this Agreement, the "Offset Amount" for a given year shall mean an amount equal to the sum of (i) the result of (A) the Claims Services Fee paid to Cambridge for