10% Option definition

10% Option means an option, which shall vest and be automatically exercised by the Manager at such time as the Members have no Unrecovered Capital and have attained (together with all prior Distributions pursuant to Section 6.1(c), 6.1(e) (including any Deal Fees (as defined in the Limited Liability Company Agreement) paid to the Members) and Section 6.2 of the Limited Liability Company Agreement and any Deal Fees (as defined in the Limited Liability Company Agreement) paid to the Members pursuant to the Transaction Fee Agreement but excluding any Investment Fees (as defined in the Limited Liability Company Agreement) paid to the Members pursuant to the Transaction Fee Agreement) an Internal Rate of Return of 10% compounded annually, to purchase a number of duly authorized, validly issued, fully paid and non-assessable Option Units such that the Percentage Interest in respect of such Option Units, immediately after giving effect to such exercise, shall (a) prior to an Early Departure Event, equal 10% and (b) from and after an Early Departure Event, equal the product of (i) 10% multiplied by (ii) the Early Departure Multiplier, at an aggregate price equal to the Exercise Price.
Sample 1Sample 2

Examples of 10% Option in a sentence

  • Observation 10: Option 3 can only support very limited numbers of fallback configurations.

  • Option2 provides for other trustee appointment arrangements in accordance with clause 13 (see below).Choose Clause 9(3) Option 1 (and Option 1a or b) and Clause 10 Option 1 orchoose Clause 9(3) Option 2 and Clause 10 Option 2 (selecting the relevant parts of each section).Delete the options that you have not chosen.

  • The Commission expects UMERC to provide its capital and operations plan for review by the Staff on an ongoing basis.

  • FDRA for TBoMS is limited to a small number of PRBs [3 company]:Samsung [18], LGE [9], InterDigital [10]; Option 2.

  • BLM AR 182524–525; see BLM AR 186083–084 (ROD) (Mitigation Measure 10: Option 3 plan for the Colville River ice crossing does not demonstrate the “EIS lacked other baseline information necessary to evaluate the impacts to aquatic resources and fisheries[.]”240In conclusion, BLM did not fail to take a hard look at the site-specific impacts of certain Willow Project components or to obtain key baseline and project information necessary to evaluate those impacts in the EIS.2412.

  • For contract years 6 through 10, Option Period One (1), the fully loaded ceiling rates will be adjusted in accordance with Section B.9 of this contract.

  • Provider shall also include information as to (a) the date on which the shipment was sent, and (b) the name of the person to whom the shipment was sent, in accordance with Article 10, Option 2 of the SMTA.

  • A separate spreadsheet prepared in accordance with Paragraph 10 Option 1 containing the contents of the classified digital data delivery shall also be delivered and shall have the words “CLASSIFIED DATA” as the contents of the file.

  • Figure 10: Option 2 with measuring stations (marked by stars) at the power plant sites and in the encapsulation plant In this alternative a verifying measurement of the spent fuel is performed at every nuclear power plant prior to the shipment to Clab (see figure 10).

  • Expenses are calculated as a proportion of care, support and case management costs based on 2013 valuation reporting for the NSW LCSS (9.3%), adjusted for Queensland (Option A – 10%, Option B – 15%).(iv) Based on reported vehicle registrations, excluding trailers.Source: Actuarial Reports on Costs, July 2014 and January 2016.The estimates reflect an average estimated lifetime care cost per participant of approximately $2.3 million in Queensland.

Related to 10% Option

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Director Option means an Option granted pursuant to Section 6.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Company Stock Option means each option to purchase shares of Company Common Stock outstanding under the Company Stock Plans.

  • Employee Option means an Option granted pursuant to Section 5.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • 102 Option means any Option granted to Employees pursuant to Section 102 of the Ordinance.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Parent Stock Option means any option to purchase Parent Common Stock.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time or will vest in connection with the consummation of the transactions contemplated hereby (whether at the Effective Time or otherwise).

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • Non-Statutory Stock Option means a right to purchase Common Stock granted to an Eligible Recipient pursuant to Section 6 of the Plan that does not qualify as an Incentive Stock Option.

  • Option means a stock option granted pursuant to the Plan.

  • Optioned Stock means the Common Stock subject to an Option.