Realization Date definition

Realization Date means, with respect to each Stock Unit allocated to a Participant’s Stock Unit Account, the first business day following the earlier of (i) the date five years after the end of the calendar year that includes the calendar quarter for which such Stock Unit is awarded to the Participant or in which such Stock Unit is credited to the Participant as a dividend equivalent, or (ii) the date the Participant has a Separation from Service, in either case subject to extension under Section 5(e).

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Realization Date means, with respect to each Share Unit allocated to a Participant's Share Unit Account, the first business day following the earlier of (i) the first business day of the sixth calendar year after such Share Unit is awarded to the Participant, or (ii) either upon the date the Participant ceases to be a member of the Board or upon a change in control.

Realization Date is defined in Section 3(c).

Examples of Realization Date in a sentence

• The Participant shall not be a stockholder of the Company with respect to the Common Stock covered by this Restricted Stock award until the Realization Date.

• If this award becomes vested, as described in Paragraph 1(a), a number of shares of Common Stock equal to the number of shares credited to such account will be transferred to the Participant on the Realization Date.

• For purposes of this Agreement, the “Locked Amount” shall mean an amount in cash equal to the Common Unit Value as determined on the date of the Complete Change in Control or Realization Date (other than a Qualified Public Offering) which triggered the vesting of the relevant Deferred Units multiplied by the number of Transaction Vested Units subject to payment, rounded down to the nearest whole number.

• These shares will not be issued or outstanding prior to the Realization Date but will be credited to a bookkeeping account that is established by the Company in the name of the Participant.

• For purposes of this Agreement, the “Locked Amount” shall mean an amount in cash equal to the Common Unit Value as determined on the date of the Complete Change in Control or Realization Date (other than a Qualified Public Offering) which triggered the vesting of the relevant Deferred Units multiplied by the number of Vested Units subject to payment, rounded down to the nearest whole number.

More Definitions of Realization Date

Realization Date means the […***…] anniversary of the date on which the Net Sales of the Brain Cancer Therapies developed by Tocagen reach the Benchmark.

Realization Date means, as elected by the Participant, with respect to any Deferred Stock Unit allocated to a Participant's Deferred Stock Unit Account, the first business day following (i) the second anniversary of the date such Deferred Stock Unit is credited to the Participant's Deferred Stock Unit Account, or (ii) the date the Participant ceases to be a member of the Board.

Realization Date means the earliest to occur of (a) June 30, 2011, (b) any filing for bankruptcy by any Loan Party, (c) the execution of any definitive agreement for or public announcement of (i) any sale of all or substantially all assets of the Borrower and its Subsidiaries on a consolidated basis or (ii) any acquisition of the Borrower or of all or substantially all of the Borrower’s assets by a third party or any acquisition by the Borrower of a significant amount of equity or assets, other than in the ordinary course of business (in each case, whether by way of merger, consolidation or other similar transaction, but excluding transactions solely among the Borrower and any of its subsidiaries), (d) any announcement or commencement of any tender or exchange offer for Borrower common stock (other than by or on behalf of any of the Lenders or their Affiliates or any “group” (within the meaning of the Securities and Exchange Act of 1934, as amended) that includes the Lenders or any of their Affiliates), (e) any solicitation of proxies for any director candidate not proposed or approved by the Borrower or a majority of its Board of Directors (excluding any solicitation by or on behalf of any of the Lenders or their Affiliates or any “group” (within the meaning of the Securities and Exchange Act of 1934, as amended) that includes the Lenders or any of their Affiliates) or (f) the occurrence of, or any event that would result in, a Change of Control.

Realization Date shall have the meaning set forth in Section 1.4(a).

Realization Date means, with respect to each Share Unit allocated to a Participant’s Share Unit Account, the first business day following the earlier of (i) the date that is five years following the end of the calendar year that includes the calendar quarter for which such Share Unit is awarded to such Participant, or (ii) the date such Participant has a “separation from service” from the Company (within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended) in connection with, or following, such Participant’s cessation of service on the Board.

Realization Date means, with respect to each Share Unit allocated to a Participant's Share Unit Account, the first business day following the earlier of (i) the date that is five years following the end of the calendar year that includes the calendar quarter for which such Share Unit is awarded to the Participant, or (ii) the date the Participant ceases to be a member of the Board.

Realization Date means a Business Day on which the Realization Notice (accompanied by the Strike Price) has been received by the Company and in the event of the Realization Notice being received after 13:00, the Business Day following receipt of the Realization Notice (accompanied by the Strike Price) by the Company.