Effective Grant Date definition

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Effective Grant Date means the date on which a Qualified Option is effectively granted (i.e., the date on which the condition precedent of the expiration of a Closed Period applicable to the Qualified Option, if any, is satisfied, which is the first day after any Closed Period). Such condition precedent shall be satisfied when the Board, Committee or other authorized corporate body shall determine that the granting of Qualified Options is no longer prevented under a Closed Period (i.e., the first date following the expiration of the Closed Period which would not be a prohibited Date of Grant pursuant to French Closed Periods or the next immediately succeeding trading day if such date is not a trading day provided such date is not prohibited under the Plan rules and U.S. securities rules). If the Grant Date does not occur within a Closed Period, the “Effective Grant Date” shall be the same day as the “Grant Date” without any need for Board or Committee action.

Effective Grant Date means (a) with respect to any Grantor party hereto as of the date hereof, the Effective Date and (b) with respect to any Grantor party hereto as of any other date, the date on which the joinder to the Security Agreement executed by such Grantor pursuant to Section 6.03(m) of the Credit Agreement becomes effective in accordance with its terms. “Equity Interests” means shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any of the foregoing. “Excluded Account” means with respect to any Grantor, (a) any Deposit Account which is funded by, or on behalf or for the benefit of, employees of such Grantor and is to be maintained exclusively for the benefit, directly or indirectly, of such employees (including any Deposit Account which is an employer funded pension account for employees and any account established to pay taxes for and on behalf of employee tax liabilities), (b) any payroll, trust, fiduciary and tax withholding account which is funded in the ordinary course of business or required by applicable law, (c) any trust account to hold customer deposits, (d) any Deposit Account which is located outside the United States, (e) ▇▇▇▇▇ cash accounts, amounts on deposit in which do not exceed $200,000 in the aggregate at any one time and (f) other deposit accounts provided, that the aggregate average monthly balance therein does not exceed $200,000. “Exhibit” refers to a specific exhibit to this Security Agreement, unless another document is specifically referenced. “Existing Security Agreement” has the meaning set forth in the Preliminary Statement. “Foreign Subsidiary” has the meaning given to such term in the definition of “Investment Property.” “Investment Property” shall have the meaning set forth in Article 9 of the UCC; provided, that with respect to Equity Interests held by a Grantor in any Subsidiary organized under the laws of a jurisdiction outside of the United States of America (a “Foreign Subsidiary”), Investment Property shall not include 3 WEIL:\98740446\6\35899.0596 more than sixty-five percent (65%) of the outstanding Voting Stock in each such Foreign Subsidiary, unless the pledge of a greater percentage of Voting Stock will no longer trigger material adverse tax consequences pursuant to Section 956 of the Code or otherwise. ...

Examples of Effective Grant Date in a sentence

Effective as of the Effective Grant Date identified above, the Company has granted and issued to Recipient the Number of Performance Units with respect to the Company's Common Stock identified above (the “PSUs”), representing an unfunded, unsecured promise of the Company to deliver shares of Common Stock in the future, subject to the claims of the Company’s creditors and the terms, conditions and restrictions set forth in this Agreement.
You will be credited with a year of service after the Effective Grant Date for each 12-month period after the Effective Grant Date during which you are continuously performing services (or deemed to be continuously performing services) for us.
The target number of performance share units is determined at the time of grant (after converting the target grant value to share units), and the performance share units are scheduled to vest on the third anniversary of the Effective Grant Date.
As of the Effective Grant Date, all of such Grantor’s locations where Collateral having a book value or fair market value greater than $50,000 is located are listed on Schedule 1 (other than in-transit Inventory or Equipment).
As of the Effective Grant Date, such Grantor’s mailing address and the location of its place of business (if it has only one) or its chief executive office (if it has more than one place of business), are disclosed in Schedule 1.
Subject to the terms and conditions of the Plan and this Agreement, the Option may be exercised by the Optionee while an Associate of the Company or any Subsidiary, in whole or in part, from time to time, on or before the date (the "Terminal Date") which is ten (10) years after December 31, 1997 (the "Effective Grant Date").
As of the Effective Grant Date, such Grantor has not, during the past five years, been known by or used any other corporate or fictitious name, or been a party to any merger or consolidation, or been a party to any acquisition except as otherwise noted on Schedule 1.
Upon completion of the conversion BellSouth will notify Ciera Network Systems, Inc.
Effective as of the Effective Grant Date identified above, the Company has granted and issued to the Recipient the Number of Phantom Stock Units identified above (the “PSU”), representing an unfunded, unsecured promise of the Company to make a cash payment in the future, subject to the claims of the Company’s creditors and the terms, conditions and restrictions set forth in this Agreement.
As of the Effective Grant Date, such ▇▇▇▇▇▇▇’s name in which it has executed this Security Agreement is the exact name as it appears in such Grantor’s organizational documents, as amended, as filed with such ▇▇▇▇▇▇▇’s jurisdiction of organization.

More Definitions of Effective Grant Date

Effective Grant Date. December 23, 2016

Effective Grant Date means July 18, 2002.

Effective Grant Date. December 23, 2016 Effective Grant Date: December 23, 2016