First Valuation Date definition
Examples of First Valuation Date in a sentence
Subject to the provision opposite the caption “Acceleration of the Valuation Date” above, the date that is five Scheduled Trading Days prior to the Valuation Date (if Physical Settlement will be applicable) or the First Valuation Date (if Cash Settlement will be applicable), as the case may be.
Notwithstanding anything in the Plan to the contrary, no Award LTIP Units subject to this Award shall be earned on the First Valuation Date.
Subject to the provisions set forth in this paragraph, if, as of the First Valuation Date, pursuant to such method of computation, the EMB Shares are valued at less than $500,000, EMB shall issue to Seller additional restricted shares of EMB common stock (the "First Additional EMB Shares"), such that the aggregate value of one-half of the EMB Shares and the First Additional EMB Shares will, as of the First Valuation Date, be not less than $250,000.
The foregoing Section 5.4 shall be null and void in the event that: (i) more than twenty percent (20%) of the One- Year Anniversary Shares; or (ii) any of the Two-year Anniversary Shares or Final Shares are sold, transferred or pledged prior to the First Valuation Date.
First Valuation Date: For each Transaction, as set forth in the Supplemental Confirmation.