PSE Date definition
PSE Date means the date of completion of a Preferred Shareholder Event.
Examples of PSE Date in a sentence
Assume that holders of Preferred Shares sell Preferred Shares in a Transaction and the number of Preferred Shares sold therein represents twenty-five percent (25%) of the total outstanding number of Preferred Shares as of the PSE Date.
Assume, further, that the Implied Market Value on the PSE Date is determined to be $75 billion and that none of the Class PI Units subject to the Market Cap Tranches have yet become Eligible Class PI Units.
The Eligible Class PI Units will commence vesting based on the additional Continued CEO Service-based vesting requirements set forth in Section 3.6 below, and the Vesting Start Date (as defined in Section 3.6.1) for the Eligible Class PI Units subject to Tranches C and D will be the PSE Date.