Examples of First Measurement Date in a sentence
If the Company is unable to meet or exceed these KPIs on the First Measurement Date or the Second Measurement Date, or voluntarily or involuntary becomes subject to bankruptcy proceedings, Rakuten will have the option to require the Company to redeem the Rakuten Shares at the redemption price of $30 per share (the “Rakuten Redemption Clause”).
If at the First Measurement Date the Adjusted Share Price equals the Triple Vesting Share Price (as defined below) you shall vest in 300% of the 2009 Performance Units (3 x the 2009 Performance Units).
The awards comprise three tranches, based on performance measured from January 1, 2022, to the following three measurement dates: • First Measurement Date: December 31, 2023;• Second Measurement Date: December 31, 2024; and• Third Measurement Date: December 31, 2025.
Restricted share unit awards granted under the RSU Plan as a result of achievement of the total shareholder return performance conditions are subject to continued service, with vesting as follows: • Awards granted after the First Measurement Date - 50% vest after one year, 50% vest after three years.• Awards granted after the Second Measurement Date - 50% vest after one year, 50% vest after two years.• RSUs granted after the Third Measurement Date - 100% vest after one year.
Performance Share Units that could have been earned under any of subclauses 1, 2, or 3 above that are not earned on the First Measurement Date may be earned on February 1, 2012 (the “Second Measurement Date”), subject to your continued employment through that date, based upon the Adjusted Share Price on such Second Measurement Date.