Cashout Amount definition
Examples of Cashout Amount in a sentence
Orca shall, or shall cause, any withholding Taxes or other applicable deductions to be deducted and withheld from the Orca Cashout Amount as required or authorized by applicable Law.
Notwithstanding any other provision of the Plan other than Section 5.03, if a Participant’s or former Participant’s Account balance at the time of his Separation From Service is less than or equal to the Mandatory Cashout Amount, his Account balance shall be paid to him (or in the event he has died, to his Beneficiary) as soon as administratively practicable in the form of a single sum payment.
Of the total Option Cashout Amount 16.26% will be payable in cash, and the balance will be payable in shares of Parent Common Stock having a value determined in the same manner prescribed by Section 3.01(a) for valuing the Parent Common Stock component of the Merger Consideration.
Notwithstanding any other provision of the Plan other than Section 5.03, if a Member's Account balance at the time of his Separation From Service is less than or equal to the Mandatory Cashout Amount, his Account balance shall be paid to him (or in the event he has died, to his Beneficiary) as soon as administratively practicable in the form of a single sum payment.
At Closing Buyer shall pay to the Company the aggregate Option Holder Cashout Amount as set forth on Schedule 3.3(c) attached hereto to an account designated by the Company.
Buyer shall have paid, or caused to be paid, the Closing Purchase Price, the Escrow Amount and Option Holder Cashout Amount as set forth herein.
Each Holder of Company Options who is not an employee of the Surviving Corporation on the Closing Date shall, upon receipt by the Paying Agent of an Option Cancellation Agreement, be entitled to receive the applicable Option Cashout Amount to which the Holder of such Company Options is entitled in accordance with the Payment Schedule pursuant to Section 4.3(b)(ii), and the Company Options held by such Holder shall forthwith be cancelled.
Without limiting any other obligation of Buyer and Merger Sub under this Agreement, at the Closing, in addition to the payment of the Closing Purchase Price, the Escrow Amount and the Option Holder Cashout Amount, in each case as described above, Buyer and Merger Sub shall deliver or cause to be delivered to the Shareholder Representative, on behalf of and for the benefit of the Shareholders (and certain other Persons party thereto) the Escrow Agreement, duly executed by Buyer.
Total Balance WA Loan WAC % Covered by WA FICO WA LTV WA DTI % SFD/ % Owner % Cashout Amount %[2] Balance Mortgage Ins.
The amount deposited for the account of each Company Stockholder and Company Option Holder in the General Indemnity Escrow, Special Indemnity Escrow, Working Capital Escrow and Stockholders Representative Escrow shall be proportionate to the Merger Consideration received by each (and, in the case of Company Option Holders, the Option Cash-out Amount received by each), as more fully set forth on Schedule II.