Definition of Six Month Anniversary Date


Six Month Anniversary Date means the date that is six months from the closing of the Transaction, or if such day is not a Business Day, the next Business Day.

Examples of Six Month Anniversary Date in a sentence

In accordance with Section 3, above, and notwithstanding anything to the contrary in this Section 5, in no event shall any portion of the Option be exercisable, even if vested, prior to the Six Month Anniversary Date.
In the event the Executive elects to terminate his employment with the Successor Entity on the Six Month Anniversary Date as provided in Section 3(b)(iii), he shall receive 30 months Severance.
The Options shall have an exercise price equal to the fair market value of the Companys common stock on the Effective Date and shall vest as follows: 25% shall vest on the day after the Six Month Anniversary Date, an additional 50% shall vest on the one year anniversary of the Effective Date, and the remaining 25% shall vest on the two year anniversary of the Effective Date.
In the event the Executive elects to terminate his employment with the Successor Entity on the Six Month Anniversary Date as provided in Section 3(b)(iii), he shall receive 24 months Severance.
In the event that a Qualified Financing has not closed prior to the Six Month Anniversary Date, the Six Month Shares will be issued to Subscriber upon the earlier of (i) the closing of a Qualified Financing or (ii) seven months following the issuance date of the Notes or as soon as practicable thereafter as permitted by Nasdaq.