Founder’s Grant definition

Founder’s Grant. Has the meaning assigned to such term in the Management
View Source
Founder’s Grant means the grant of an Award made in connection with, and solely as a result of, the Separation.
View Source
Founder’s Grant means an amount equal to 1.5% (one point five per cent) of the aggregate acquisition price (including any deferred consideration, earn-outs or other contingent amounts, whether or not actually paid) of the Initial Portfolio plus any and all transaction costs and taxes (excluding VAT) associated therewith (as determined by the Manager in good faith), payable to the Manager or one or more of its Affiliates.
View Source

Examples of Founder’s Grant in a sentence

  • In addition, the Company’s Board of Directors may ask that recipients agree to a similar dilution under their Founder’s Grant, if applicable.

  • Any performance-vested portion of the Founder’s Grant that has not time vested will remain outstanding and eligible to time vest in accordance with the foregoing.

  • One half of the Founder’s Grant award will be granted in the form of nonqualified stock options, with a per-share exercise price equal to the fair market value of a share of the Company’s stock on the date of grant and a ten-year term.

  • Notwithstanding any other provision of this Agreement or the Incentive Plan to the contrary, any portion of Founder’s Grant that has not both time and performance vested as of the 5th anniversary of the Effective Date will be forfeited.

  • The Founder’s Grant will time vest as to 100% on the 3rd anniversary of the Effective Date.

  • The remaining half of the Founder’s Grant award will be granted in the form of restricted stock units, which ▇▇▇▇ ▇▇▇▇▇ vest on the third anniversary of the grant date, subject to your continued employment through such vesting date.

  • Any portion of the Founder’s Grant that has achieved both the time and performance vesting requirements will be settled in an equal number of shares of the Company’s common stock within 60 days following the applicable vesting date.

  • Except as otherwise provided in Section 4.2, upon the termination of Executive’s employment, any portion of the Founder’s Grant that has not both time and performance vested will be immediately forfeited.

  • Executive’s Founder’s Grant consists of 67,000 restricted stock units that will vest based on time and performance criteria, in each case, subject to Executive’s continued employment through the applicable vesting date.

  • The remaining unvested RSUs granted pursuant to the Founder’s Grant Award Agreement shall automatically terminate on the Separation Date.