IRR Hurdle definition

IRR Hurdle has the meaning set forth in Section 3(a).

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IRR Hurdle means, as of the date the relevant event is consummated, the amount specified below for such date: 2000 80 % 2001 70 % 2002 60 % 2003 50 % 2004 and thereafter 40 %

IRR Hurdle means “IRR Hurdle,” as that term is defined in the Investor Rights Agreement.

Examples of IRR Hurdle in a sentence

If upon the consummation of the Exit Event, the Apax Group fails to achieve the IRR Hurdle, the Company shall have the right, but not the obligation, to repurchase all or any portion of Employee’s Retained Shares at a purchase price equal to the lesser of (x) the Unreturned Common B Capital Amount of such Unvested Shares and (y) the Fair Value of such Unvested Shares as of Employee’s Termination Date.
Such purchase price will, among other things, be sufficient so that TTI will achieve an IRR on its initial investment in the LLC Units which exceeds the IRR Hurdle.
Notwithstanding the foregoing, if the IRR Hurdle shall have been satisfied in connection with a Change of Control on or before May 7, 2012, the MOIC Hurdle shall be waived.
Notwithstanding Sections 3.1(b)(iii) and 3.1(b)(iv) above, if, after receipt of all Distributions pursuant to previous clauses of Sections 3.1(b) above, the IRR Hurdle Condition has then not yet been satisfied, then all further Distributions shall be made in accordance with the percentages set out in Section 3.1(b)(ii) until such time as the IRR Hurdle Condition has been satisfied, at which point the Distributions shall then be made in accordance with Section 3.1(b)(iii) or 3.1(b)(iv), as applicable.
Such purchase price in the Required Sale Purchase Agreement will, among other things, be sufficient so that TTI will achieve an IRR on its initial investment in the LLC Units which equals or exceeds the IRR Hurdle.
If Executive’s employment is terminated by (i) a Company Group member without Cause or (ii) Executive for Good Reason, any Performance-Vesting Profits Interests that are Unvested Incentive Units will remain outstanding and eligible to vest to the extent both the applicable MOIC Hurdle and IRR Hurdle for such Performance-Vesting Profits Interests are satisfied within 180 days following the Termination Date (the “Tail Period”).
After achieving the IRR Hurdle, GRI's royalty shall be reduced to * paid on the Net Sales Revenue from the sale, lease or other transfer of only natural gas Products as listed on Schedule A.
For avoidance of doubt, once the IRR Hurdle Condition is first satisfied, it shall be deemed satisfied for all purposes at all times thereafter.
Any portion of the Option for which the corresponding Vesting Hurdles or the 10% IRR Hurdle has not been achieved on or prior to a Change in Control will be immediately forfeited as of the date of such Change in Control.
Any portion of the Sign-On Performance Options for which the corresponding Performance Option Vesting Hurdles or the 10% IRR Hurdle have not been achieved on or prior to the Change in Control date will be forfeited upon such Change in Control date.

More Definitions of IRR Hurdle

IRR Hurdle means, as of the date the relevant event is consummated, the amount specified below for such date: Twelve Months Ended IRR Hurdle ---------- December 17, ----------- 2000 80% 2001 70% 2002 60% 2003 50% 2004 and thereafter 40% Options: Rights, options or warrants to subscribe for, purchase or otherwise acquire either shares of Class A Common Stock or Convertible Securities, excluding rights, warrants and options granted on or after the Original Issue Date, to employees, officers, directors or consultants of the Company or any subsidiary thereof pursuant to any stock option plan or agreement adopted by the Board of Directors.

IRR Hurdle means the value required for a Strip of Company Securities to yield a 25% average annual percentage return, compounded annually from the Effective Time to the date of a Qualified IPO or Change of Control, as applicable.

IRR Hurdle shall have the meaning set forth in Section 2.06(c).

IRR Hurdle means the cash amount that, when (a) discounted at a twenty percent (20%) annual rate from the present to the Effective Date and (b) taken together with the distributions (including distributions in respect of the Preferred Return as contemplated by Section 10.1(a)) that the ArcLight Member has actually received from the Company (or its successor or Affiliate formed in connection with an IPO Conversion), with each such distribution discounted at a twenty percent (20%) annual rate from the date received to the Effective Date, equals the sum of the aggregate Capital Contributions made by the ArcLight Member and any of its Affiliates, with each such Capital Contribution discounted at a twenty percent (20%) annual rate from the date such Capital Contribution was made to the Effective Date.

IRR Hurdle means an annual compounded internal rate of return on the FPSH Invested Capital (after return of an amount equal to the FPSH Invested Capital) of 26%. The IRR Hurdle shall not be deemed to be satisfied unless FPSH receives actual cash proceeds from the sale or other disposition of the IRR Shares (or has the ability to immediately sell the IRR Shares for actual cash proceeds), as well as cash dividends or other cash distributions in respect of the IRR Shares, such that FPSH has received a return of the full amount of the FPSH Invested Capital, plus a 26% annually compounded internal rate of return on the FPSH Invested Capital, calculated from the date hereof through the date of each sale, disposition or distribution of, or ability to immediately sell, the IRR Shares for actual cash proceeds. Attached hereto as Exhibit B is a sample calculation of the IRR Hurdle.