Examples of Monetization Event in a sentence
For example, if a Monetization Event occurs when the Participant’s Award is 50% Vested per this Agreement and the Plan, 50% of the Participant’s total BoE Shares will participate in the disbursement of the funds in the Distribution Pool.
BoE Shares will remain outstanding following any non-Change in Control Monetization Event and may participate in subsequent events.
Vested BoE Share values, or parts thereof, will be distributed upon realization of a Monetization Event and creation of the Distribution Pool, per the Plan, based on the updated BoE Share value determined thereon, and will be made in a lump sum.
In the event of a Monetization Event triggered by a Change in Control, the Participant will receive compensation equal to the value of their vested BoE Shares, subject to Section 4, below, and the Plan will expire/terminate.
In addition to the above, Vesting shall be based upon several factors, including but not limited to: (i) time/service periods; (ii) production/performance requirements; and/or (iii) Qualified Earned Position (“QEP”) as defined in the Company’s published compensation plan at the time of a Monetization Event.