Per Share Floor Value definition
Examples of Per Share Floor Value in a sentence
If the Per Share Actual Value at the date of the Vesting Event exceeds the Per Share Floor Value, 100% of the Options which are then outstanding shall become vested as of the Vesting Event.
If the Per Share Actual Value as of the Vesting Event does not exceed the Per Share Floor Value, no portion of the Options shall become vested.
The Options shall become vested in accordance with this Section 2(b), if at all, on the date of a Change in Control (the “Vesting Event”) in which the Per Share Actual Value exceeds the Per Share Floor Value (as each such term is defined below).
The Options shall become vested in accordance with this Section 2, if at all, on the date of a Change in Control (the “Vesting Event”) in which the Per Share Actual Value exceeds the Per Share Floor Value (as each such term is defined below).
The Executive shall be entitled to be paid the Additional Bonus (as defined below) on the first date on which the Per Share Actual Value exceeds the Per Share Floor Value (as each of these terms is defined in the “Tranche A” form of Nonqualified Stock Option Agreement to which the Executive is a party) (the “Triggering Date”).