SVU definition
Examples of SVU in a sentence
At such time, the Company shall pay Executive an amount equal to the SVU Value multiplied by the number of Executive's outstanding SVU Grants.
The power and authority granted to SVU hereunder shall terminate upon the termination of this Services Agreement.
The SVU Value shall be reduced by 66% for all SVU Grants which were granted less than twelve months prior to the effective date of a Change of Control Termination and the SVU Value shall be reduced by 33% for all SVU Grants which were granted less than twenty-four months but more than twelve months prior to the effective date of a Change of Control Termination.
No adjustments shall be made to the SVU Value for SVU Grants which were granted more than twenty-four months prior to the effective date of the Change of Control Termination.
All payments made to Executive after a Change in Control Termination in connection with outstanding SVU Grants shall be made solely in cash.
The first Redlight Schedule which SVU can present pursuant to this provision shall relate to the Third Annual Extension Term.
To the extent that any such obligations are owed or to be performed by NAI, they are hereby assigned to, and assumed by, SVU.
The SVU Value shall be reduced by 66% for all SVU Grants which were granted less than twelve months prior to the Termination Date and the SVU Value shall be reduced by 33% for all SVU Grants which were granted less than twenty-four months but more than twelve months prior to the Termination Date.
Receipt of such payment by SVU is an express condition precedent to the effectiveness of the Annual Extension Term then being exercised.
With respect to Executive's participation in the Company's Shareholder Value Plan, the Award Periods in connection with all of Executive's outstanding SVU Grants shall be accelerated such that each Award Period is deemed to have ended upon the Termination Date.