Measurement Interval definition
Examples of Measurement Interval in a sentence
If the Committee determines that the Second Measurement Interval Results were not met following the end of the Second Measurement Interval, the unvested Second Tranche will remain eligible to vest, subject to the Committee's Remeasurement Determination.
Fifth Measurement Interval (May 1, 20[ ] through April 30, 20[ ]) (the "Fifth Measurement Interval"): [ ]% of the Option (the "Fifth Tranche") will vest if the Committee certifies that, during the Fifth Measurement Interval, Net Income attributable to the Company increased by at least [ ] percent ([ ]%) compared to the Fourth Measurement Interval ("Fifth Measurement Interval Results").
Third Measurement Interval (May 1, 20[ ] through April 30, 20[ ]) (the "Third Measurement Interval"): [ ]% of the Option (the "Third Tranche") will vest if the Committee certifies that, during the Third Measurement Interval, Net Income attributable to the Company increased by at least [ ]percent ([ ]%) compared to the Second Measurement Interval ("Third Measurement Interval Results").
For the avoidance of doubt, if the Committee determines that the vesting conditions were not met for the Measurement Interval in which the Optionee's Continuous Service was terminated under this Section 9(a)(ii), the unvested Option shall immediately and automatically terminate on the date of such determination by the Committee.
Second Measurement Interval (May 1, 20[ ] through April 30, 20[ ]) (the "Second Measurement Interval"): [ ]% of the Option (the "Second Tranche") will vest if the Committee certifies that, during the Second Measurement Interval, Net Income attributable to the Company increased by at least [ ] percent ([ ]%) compared to the First Measurement Interval ("Second Measurement Interval Results").