First Anniversary definition
Examples of First Anniversary in a sentence
The determinations made as of the Initial Closing Date shall remain unchanged until the First Anniversary.
On the First Anniversary, and on each anniversary date, March 31, June 30 and September 30 through the Fifth Anniversary (each such date a "Determination Date"), the Company shall reasonably determine the aggregate Fair Market Value of the collateral (the "Market Value") being held.
The Restricted Equity Right will become vested and the restricted common equity will be issued only if Executive is, and has been, continuously employed by the Company or its Subsidiaries from the Effective Date through the date of the consummation of an IPO in the case of the IPO Equity Grant and the first anniversary of the consummation of such IPO in the case of the First Anniversary Grant.
The market value of the First Anniversary Equity Grant shall be equal to the average closing price of such common stock as of the 20 trading days immediately prior to the applicable anniversary of the IPO.
Beginning on the First Anniversary, the outstanding balance of the Stock Acquisition Loan shall be secured only by shares of Common Stock having a Fair Market Value of one hundred and ten percent (110%) of the outstanding principal amount of the Stock Acquisition Loan (together with interest accrued thereon).