Preferred Terms definition

Preferred Terms means the terms and conditions governing the Preferred Shares as set forth in Schedule B.
View Source
Preferred Terms means a grant of an Option that includes the following terms: (i) the Person to whom such Option is granted is an Eligible Participant, (ii) such Eligible Participant (or in the case of a Sales Associate, the Agent by whom such Sales Associate is employed) is party to an Exclusive Distribution Agreement, (iii) the vesting criteria for such Option is based on predetermined sales revenue targets for sales of Company Products (as defined in such Exclusive Distribution Agreement) by such Eligible Participant (and/or by the Agent employer, in the case of a Sales Associate), (iv) such Eligible Participant (and in the case of a Sales Associate, the Agent by whom such Sales Associate is employed) is required to be party to such Exclusive Distribution Agreement at all times during the applicable vesting period of such Option and at the time of any exercise of such Option, unless otherwise provided for in the Award Agreement, (v) at the time of any exercise of such Option, such Eligible Participant (and in the case of a Sales Associate, the Agent by whom such Sales Associate is employed) shall not then be in material breach of the terms and conditions of such Exclusive Distribution Agreement and (vi) such Option grant is made pursuant to an Award Agreement that includes terms and conditions that are materially consistent with the form of award agreement attached as Exhibit A hereto, or that are otherwise approved by the Board.
View Source

Examples of Preferred Terms in a sentence

  • Descriptive summaries (counts and percentages) for ocular and nonocular AEs will be presented by Medical Dictionary for Regulatory Activities Preferred Terms.

  • Descriptive summaries (frequencies and percentages) for ocular and nonocular AEs will be presented by Medical Dictionary for Regulatory Activities Preferred Terms.

  • Descriptive summaries (counts and percentages) for ocular and nonocular AEs will be presented by Medical Dictionary for Regulatory Activities Preferred Terms, for Completed and Discontinued sets.

  • The Company has, or before the Closing will have, adopted the Schedule of Preferred Terms.

  • The Transfer Notice shall constitute an irrevocable offer to the Preferred Shareholders by the Preferred Selling Shareholder to Transfer the Offered Preferred Securities on the Offered Preferred Terms for which the Preferred Selling Shareholder proposes to Transfer the Offered Preferred Securities.

  • For the avoidance of doubt, no redemption of Preferred Shares directed by the holder of the Class G Share shall be consummated unless the holders of the Preferred Shares to be redeemed pursuant thereto receive the full amount to which they are entitled pursuant to the Preferred Terms.

  • Section 7.4(d) of the Charter does not, and will not, apply to any interpretation of Series D Preferred Terms.

  • Any services requested during the Term outside the scope of items 1 and 2 above shall be provided to the Licensee at the more favourable price to the Licensee of (i) at a discount of 3.5 to 5% of PGS's usual rates depending on the type of service or (ii) Preferred Terms as defined in Schedule B of the Main Agreement.

  • Other than as set forth in Section 6.2 below or the Preferred Terms, the management of the Company shall be exclusively vested in the Common Member (in such capacity, the “Managing Member”), and the Company shall not have “managers” as that term is used in the Act.

  • The BREDS Representative undertakes to perform such duties and only such duties as are specifically set forth above and no implied duties or obligations shall be read into the Series D Preferred Terms against the BREDS Representative.