First FDA Condition Termination Date definition

First FDA Condition Termination Date means the second anniversary of the date of this Agreement.

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Examples of First FDA Condition Termination Date in a sentence

• Effective upon any reduction in the First Deferred LTIP Payment as a result of the delay in achieving the First FDA Condition on or before the First FDA Condition Termination Date, the Executive shall irrevocably forfeit the right to receive the amount by which the First Deferred LTIP Payment has been reduced.

• The terms First FDA Condition, First FDA Condition Termination Date, Second FDA Condition and Second FDA Termination Date are defined in Section 2.5.

• Effective upon any reduction in the vesting of the First Option Tranche as a result of the delay in achieving the First FDA Condition on or before the First FDA Condition Termination Date, the number of shares subject to the Unvested Options, corresponding to the reduction of the number of shares subject to the First Option Tranche, shall automatically be reduced and such Unvested Options shall be cancelled and expire unexercised.