Examples of Fourth Anniversary Date in a sentence
If, for the time period from the Fourth Anniversary Date through September 30, 2021 (the “Eighth Anniversary Date”), Grantee has not paid Compensation to Full Time Workers at Grantee’s Facility in the aggregate amount of One Hundred Forty-Four Million Dollars ($144,000,000), then in that case, Grantee shall be liable to pay to the Authority a Recapture Payment.
The Recapture Payment for the Eighth Anniversary Date shall be determined by subtracting the amount of compensation actually paid to Full Time Workers from the Fourth Anniversary Date through the Eighth Anniversary Date from One Hundred Forty-Four Million Dollars ($144,000,000), and multiplying the difference by three and one half percent (3.5%).
Notwithstanding any other provision of the Agreement or these Terms and Conditions to the contrary, if a Change of Control occurs before the Fourth Anniversary Date and before you incur a Termination of Employment, then all remaining vesting and exercisability restrictions shall immediately lapse on date of the Change of Control and the Option will be fully exercisable.
By way of example only, if during the time period from the Fourth Anniversary Date through the Eighth Anniversary Date, Grantee has paid Compensation to Full Time Workers in the aggregate amount of One Hundred Million Dollars, ($100,000,000), Grantee would owe a Recapture Payment to the Authority in the amount of Forty-Four Million ($44,000,000) multiplied by 3.5%, equal to One Million, Five Hundred Forty Thousand Dollars ($1,540,000).
To support this objective, all applicants were encouraged to be active members of AVLIC and its provincial chapter prior to beginning the new OIS registration process.
Since the average monthly revenues for twelve months ended on the Fourth Anniversary Date once again fell below the $100,000 threshold, the last 20% will not vest.
Notwithstanding any other provision of the Agreement or these Terms and Conditions to the contrary, if you incur a Disability before the Fourth Anniversary Date and before you incur a Termination of Employment, all remaining vesting and exercisability restrictions shall immediately lapse on the date of your Termination of Employment due to your Disability.
The Recapture Payment for the Fourth Anniversary Date shall be determined by subtracting the amount of total compensation actually paid to Full Time Workers at Grantee’s Facility from One Hundred Eight Million Dollars ($108,000,000), and multiplying the difference by three and one half percent (3.5%).
Example 2: there are only automatic forfeitures and the CA only wishes to give 3 months of relief.
By way of example only, if as of the Fourth Anniversary Date, Grantee has paid Compensation to Full Time Workers in the aggregate amount of One Hundred Million Dollars ($100,000,000), Grantee would owe a Recapture Payment to the Authority of Eight Million Dollars ($8,000,000) multiplied by 3.5%, equal to Two Hundred and Eighty Thousand Dollars ($280,000).