Major Transaction Payment Trigger Date definition

Major Transaction Payment Trigger Date means the earlier of (a) the date of a Major Transaction or (b) the date that is ten (10) years from the Effective Date of this Plan.
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Examples of Major Transaction Payment Trigger Date in a sentence

  • Such Release Agreement shall not waive a Participant’s right to receive benefits under any employee benefit plan of the Company that (a) have accrued or vested on or prior to the date of the Major Transaction Payment Trigger Date, or (b) are intended, under the terms and provisions of such plan, to survive after the Major Transaction Payment Trigger Date, and, if applicable, the Participant’s separation from service with the Company.

  • Subject to Section 3.5 below, upon the date of a Major Transaction Payment Trigger Date, provided that the Plan has not terminated or been terminated prior to such time, each Participant shall immediately accrue a right to his Major Bonus Payment(s) based upon his respective Units and his Transaction Bonus Amount determined and calculated as of the date of such Major Transaction Payment Trigger Date, and no further accruals of any Major Bonus Payment(s) shall occur under this Plan for any Participant.

  • Notwithstanding any provision of this Plan to the contrary, the Board may not award Units to new Participants on or after the occurrence of a Major Transaction Payment Trigger Date.

  • After having become a Participant in this Plan, an Eligible Individual shall continue to be a Participant in this Plan until the occurrence of a Major Transaction Payment Trigger Date and the complete payment of all of his Major Bonus Payment(s), if any.

  • In no event may any Eligible Individual become a Participant after the occurrence of a Major Transaction Payment Trigger Date.

  • Such Release Agreement must be executed and become valid and irrevocable on the later of (a) December 31 of the calendar year during which the Major Transaction Payment Trigger Date occurs or (b) two and one-half (2 1/2) months following the date of the Major Transaction Payment Trigger Date, or else no Major Bonus Payment(s) shall be paid, and the Participant shall forfeit any and all rights of the Participant to any Major Bonus Payment(s) under this Plan.

  • Upon the occurrence of a Major Transaction Payment Trigger Date, this Plan shall automatically terminate and no Participant shall accrue any Bonus Payment(s) under this Plan after such Major Transaction Payment Trigger Date.

  • However, such automatic termination shall not affect the accrual of a right to Major Bonus Payment(s) pursuant to this Plan upon such Major Transaction Payment Trigger Date, and any such accrual of a right to Major Bonus Payment(s) may not, after the occurrence of such Major Transaction Payment Trigger Date, be reduced or eliminated.

  • The Board may, in its sole and absolute discretion, require that such Release Agreement Cole Holdings Corporation Transaction Bonus Plan be signed in advance of a Major Transaction Payment Trigger Date, and, if so, the Release Agreement shall be contingent upon the closing of the Major Transaction Payment Trigger Date and the payment of the Participant’s Major Bonus Payment(s) with respect to such Major Transaction Payment Trigger Date.

  • If the Major Transaction Payment Trigger Date is a Major Transaction, a Participant shall receive a Major Bonus Payment each and every time that a payment of Transaction Consideration is made.

Related to Major Transaction Payment Trigger Date

  • Major Transaction means and shall be deemed to have occurred at such time upon any of the following events:

  • Subsequent Triggering Event means either of the following events or transactions occurring after the date hereof:

  • Debt Repayment Triggering Event means any event or condition which gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Cash Settlement Payment Date means in relation to a Series of Notes, the date specified as such or otherwise determined as provided in the relevant Final Terms.

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • Triggering Event means any Section 11(a)(ii) Event or any Section 13 Event.

  • Carve-Out Trigger Notice means a written notice delivered by the Administrative Agent or the Required Lenders (which delivery may be made by any electronic method of transmission) to the Borrower and its counsel, the United States Trustee, and lead counsel to any Committee, which notice may be delivered following the occurrence and continuance of an Event of Default, and stating that the Post-Carve-Out Trigger Notice Cap has been invoked.

  • Make-Whole Fundamental Change Period shall have the meaning specified in Section 14.03(a).

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Post-Transaction Period means, with respect to any Specified Transaction, the period beginning on the date such Specified Transaction is consummated and ending on the last day of the eighth full consecutive fiscal quarter immediately following the date on which such Specified Transaction is consummated.

  • Flip-In Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Change of Control Redemption Date shall have the meaning set forth in Section 7.2;

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Change of Control Redemption Premium means 125%.

  • Redemption Payment Date As defined in Section 13.1.

  • Early Amortization Event means the occurrence of any of the following:

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • Automatic Early Redemption Event means that:

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Mandatory Settlement Date means the earliest of: