Applicable Multiple definition

Applicable Multiple means (i) one, in the event termination or resignation occurs prior to a Change in Control of the Company (as defined in Section 7(b)); and (ii) two, in the event termination or resignation occurs on or after a Change in Control of the Company. Notwithstanding the foregoing, if within six months prior to the date on which a Change in Control occurs, the Executive’s employment with the Company Group is terminated by the Company without Cause or by the Executive for Good Reason, and it is reasonably demonstrated that such termination of employment or Good Reason event was in contemplation of the Change in Control, then the Applicable Multiple shall be two, but the Severance Amount payable as a result of such revised calculation shall be reduced by any Severance Amount previously paid to the Executive under this Section 6(c) by the Company Group as a result of such termination or resignation of employment.

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Applicable Multiple means: (a) in the case of termination of the employment of the Executive during the Window Period by the Executive for any reason whatsoever, one (1); or (b) in the case of (i) termination of the employment of the Executive during the Employment Period by the Company for any reason other than death, Disability, or Cause and (ii) termination of the employment of the Executive during the Employment Period (other than during the Window Period) by the Executive for Good Reason, two (2).

Applicable Multiple means the number identified as such on the signature page hereto.

Examples of Applicable Multiple in a sentence

• For purposes of this Agreement, the “Number of Severance Months” equals twelve (12) multiplied by the Applicable Multiple.

• Guarantor acknowledges that it will receive substantial economic benefits from the financing arrangements contemplated by the Operative Documents and that the waiver set forth in this Section 5 is knowingly made in contemplation of such benefits.

• The price per Unit at which Optionee shall be entitled to sell any Optioned Units (the "Option Exercise Price") shall be the dollar amount equal to the number obtained by dividing (A) the positive difference, if any, between (1) the number obtained by multiplying the EBITDA of FFPE, LLC for the Relevant Trailing 12 Month Period by the Applicable Multiple and (2) the Current Debt of FFPE, LLC as of the end of such Relevant Trailing 12-Month Period by (B) all of the then outstanding Units.

• For the avoidance of doubt, (x) in no event shall any tranche of Performance Vesting Units vest more than once and in order for a tranche of Performance Vesting Units to constitute Vested Class B Units, both conditions (Investor’s IRR and the Applicable Multiple) set forth in a particular row in the chart above must be achieved for such tranche and (y) the Class B-3 and Class B-4 tranches of Performance Vesting Units provide for ratable vesting pursuant to the third column in the chart above.

• Number of Program Applicable Multiple of Broadcasts Per Week Single Program Rate 2 1-3/4 3 2-1/4 4 2-3/4 5 3 7 3-1/2 If any one commercial program is broadcast more than one day per week, the writer of such program shall be paid a fee at the multiple program rate, based on the number of times the program is broadcast during the week in question.

More Definitions of Applicable Multiple

Applicable Multiple means the number specified under the heading “Applicable Multiple” on Appendix II for the Participant’s designated Severance Benefit Classification.

Applicable Multiple means one, in the event a termination or resignation occurs prior to a change in control of SBA (and such officer is not Retirement Eligible at such time), and two, in the event termination or resignation occurs on or after a change in control of SBA. Each of Messrs. Cavanagh’s, Bagwell’s and Hunt’s severance payment is payable in a lump sum.

Applicable Multiple means two, in the event the termination occurs prior to a change in control of SBA and three, in the event the termination occurs on or after a change in control of SBA. “Reference bonus” means the greater of (i) 75% of Mr. Stoops’ minimum annual bonus target for the year in which the termination or resignation occurs and (ii) 100% of the bonus paid for the year immediately preceding the year in which the termination or resignation occurred. “Reference benefits value” means the greater of (x) $33,560 and (y) the value of all medical, dental, health, life, and other fringe benefit plans for the year in which the termination or resignation occurs. Mr. Stoops’ severance payment is payable in a lump sum.

Applicable Multiple means, with respect to any determination of the Option Exercise Price applicable to any particular exercise, the average of (A) the Sizzler Multiple at the time of such exercise and (B) either (i) ten (10) if such exercise is during Year 3, (ii) eight (8) if such exercise is during Year 4, and (iii) seven (7) if such exercise is during Year 5 or Thereafter; provided, however, in no event shall the Applicable Multiple exceed eleven (11) if such exercise is during Year 3, or nine (9) if such exercise is during Year 4, or eight (8) if such exercise is during Year 5 or Thereafter.

Applicable Multiple means, (a) for the period commencing on the Fourth Amendment Effective Date through the second to last day of Fiscal Quarter 1, 2015, 3.75; and (b) for the period commencing on the last day of Fiscal Quarter 1, 2015 and thereafter, 3.50.

Applicable Multiple shall be eight (8).

Applicable Multiple means 100; provided that, in the event the Board of Directors shall at any time declare or the Corporation shall at any time pay any dividend on the Common Shares payable in Common Shares, or effect a subdivision or combination or consolidation of the outstanding Common Shares (by reclassification or otherwise than by payment of a dividend in Common Shares) into a greater or lesser number of Common Shares, then in each such case the Applicable Multiple in effect immediately prior to such event shall be adjusted by multiplying such Applicable Multiple by a fraction, the numerator of which is the number of Common Shares outstanding immediately after such event and the denominator of which is the number of Common Shares that were outstanding immediately prior to such event.