Examples of Grandfathered Percentage in a sentence
Any person or group that owned 5% or more of the Class B Stock outstanding on April 22, 1992 (a "Grandfathered Person") will not be an Acquiring Person unless the percentage of outstanding shares of Class B Stock owned by that Grandfathered Person subsequently exceeds twice the percentage owned on April 22, 1992, plus an additional 1% (the "Grandfathered Percentage").
If a Grandfathered Person sells or otherwise disposes of its Common Stock, such person’s Grandfathered Percentage will be the lesser of (a) its Grandfathered Percentage immediately prior to the sale or other disposition or (b) the percentage of Common Stock beneficially owned by the Grandfathered Person immediately following the sale or other disposition.
An Acquiring Person will not include the Company; any of its subsidiaries; any employee benefit or compensation plan of the Company or of any of its subsidiaries; any person organized, appointed or established by the Company and holding shares of Common Stock for or pursuant to the terms of any such plan; or any Grandfathered Person unless such person exceeds the Grandfathered Percentage by 0.5% or more.
The tolerance and variance inflation factor (VIF) shows result of VIF less than 10 and tolerance greater than 0.2 indicating there is no collinearity among variables.
The maximum aggregate cash value, determined as of the date of grant, of any Performance Unit Awards and Cash-Based Awards granted to any one Employee, singly or in combination, during any one Fiscal Year shall be $10,000,000.