2x MOIC definition
2x MOIC means an amount equal to the product of (i) 2.00 multiplied by (ii) the Original Issuance Price, as such Original Issuance Price shall be adjusted as set forth in this Certificate of Designations.
Examples of 2x MOIC in a sentence
Subject to the achievement of the 2x MOIC Condition, any Ordinary Performance Units allocated to any Fiscal Year after the Sale of the Partnership shall be forfeited.
Subject to continued employment through a GA Exit (as defined below), Performance-Vesting Units are eligible to vest upon such GA Exit as follows: • 50% vests based on an achievement of 2x MOIC (as defined below); • 25% vests based on 2.5x MOIC; and • 25% vested based on 3.0x MOIC.