Examples of Qualified Equity Offering in a sentence
Such option shall be granted as of the effective date of the Qualified Equity Offering and shall vest and become exercisable cumulatively at a rate of 33.33% on each of the first three anniversaries of the date of grant, provided that the Executive is still employed by Holding Co. on the applicable vesting date.
Following the Qualified Equity Offering, the Executive shall be eligible to receive such additional stock options as may be determined by the Board of Directors or the Compensation Committee (if one has been appointed) in its sole discretion and upon such terms and conditions as are determined by the Board of Directors or the Compensation Committee in its sole discretion.
Any redemption notice may, at the Company’s discretion, be subject to one or more conditions precedent, including completion of a Qualified Equity Offering, refinancing transaction or other corporate transaction.
Subject to paragraph 6, the term of this Agreement shall commence on the date of the Holding Co.’s Qualified Equity Offering (as defined below) and shall continue until December 31, 2007 (the “Initial Term”).
Any redemption or notice of redemption may, at the discretion of the Company, be subject to one or more conditions precedent and, in the case of a redemption with the net cash proceeds of a Qualified Equity Offering or other offering, be given prior to the completion of such offering.