IRR Event definition

IRR Event the sale of all or substantially all of the assets of the Corporation and its Subsidiaries (in each case after assumption of all the liabilities of the Corporation or the Subsidiary), on a consolidated basis;
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IRR Event means a transaction constituting a Change in Control, pursuant to which each of the Original Investors attain a 32.5% compounded annual rate of return based on the price per Share paid by the Original Investors at the Closing Date and the price per Share obtained upon the Change in Control, as appropriately adjusted for any Change in Capitalization.
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IRR Event means a transaction constituting a Change in Control, pursuant to which each of the Investors attain a
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Examples of IRR Event in a sentence

  • The rights and obligations of each Stockholder under this Agreement shall terminate as to such Stockholder upon the earliest to occur of (a) the Transfer of all Securities owned by such Stockholder and (b) the consummation of an IRR Event.

  • Upon an IRR Event, the immediately preceding sentence shall not apply, and the Option shall become immediately vested and exercisable with respect to an additional 40% of the total Shares subject to the Option (e.g., if, immediately prior to a Change in Control that would constitute an IRR Event, 40% of the total Shares subject to the Option are vested, then following the Change in Control, 80% of the total Shares subject to the Option will have vested).

  • Notwithstanding anything contained herein to the contrary if, at any time on or after the fourth anniversary of the date hereof, an IRR Event shall not have occurred, the Majority of the Institutional Stockholders shall have the right, at any time, to serve written notice on the Corporation of the desire of the Majority of the Institutional Stockholders to effect a Sale of the Company.

  • In addition, in the event any taxing authority challenges the Election in connection with an IRR Event (as that term is defined in the USS Holdings' Stockholders Agreement), the Company's obligation to reimburse the Executive for any increased income tax liability arising from the Election shall be reduced by any corresponding decrease in the Executive's capital gain liability.

  • In the event of a 25% IRR Event, each Tranche A Option which has not theretofore become a Vested Option and which is scheduled to vest on each of the remaining vesting dates based on anniversaries of the Grant Date will vest upon the earlier of (i) the Optionee’s continued employment with the Company for 12 months after the 25% IRR Event and (ii) a Qualifying Termination within 12 months following the 25% IRR Event.

  • In the event of a 20% IRR Event, 50% of each installment of the Tranche A Options that has not theretofore become Vested Options and which is scheduled to vest on each of the remaining vesting dates based on anniversaries of the Grant Date will vest upon the earlier of (i) the Optionee’s continued employment with the Company for 12 months after the 20% IRR Event and (ii) a Qualifying Termination within 12 months following the 20% IRR Event.

  • Upon an IRR Event, the immediately preceding sentence shall not apply, and the SAR shall become immediately vested and exercisable with respect to an additional 40% of the total Shares subject to the SAR (e.g., if, immediately prior to a Change in Control that would constitute an IRR Event, 40% of the total Shares subject to the SAR are vested, then following the Change in Control, 80% of the total Shares subject to the SAR will have vested).


More Definitions of IRR Event

IRR Event is defined in Section 3.8(c).
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IRR Event means the occurrence of any of the following:
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