Target Change definition

Target Change means the implementation of a higher or lower Target Bonus Percentage for a Grantee. From time-to-time, a Grantee’s position may change and the Committee may revise a Grantee’s Target Percentage, which will often result in a higher Target Bonus. In such cases, for each year remaining in the AMIP program, the difference between the new and prior Target Bonuses will be divided by the new Base Price and multiplied by the Election Percentage to compute a grant of Restricted Stock.
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Examples of Target Change in a sentence

  • The Borrower will be required to offer to purchase the Target Exchange Notes upon a Target Change of Control (to be defined in the Target Indenture but to exclude the Acquisition) at 101% of the principal amount thereof plus accrued interest to the date of purchase.

  • In the event of a Target Change of Control (to be defined but to exclude the Acquisition), each Target Bridge Lender will have the right to require the Borrower, and the Borrower must offer, to prepay the outstanding principal amount of the Target Bridge Loans at a premium equal to 101% of the principal amount thereof, plus accrued and unpaid interest thereon to the date of prepayment.

  • Notwithstanding any Target Change of Recommendation, unless this Agreement has been terminated, the Target Meeting shall be convened and this Agreement shall be submitted to the shareholders of Target at the Target Meeting for the purpose of Target’s shareholders considering and voting on approval of this Agreement and any other matters required to be approved by Target’s shareholders in order to consummate the transactions contemplated by this Agreement.

  • In the event of any Target Change of Recommendation, Target shall provide Buyer with the Target's stockholder lists and allow and facilitate Buyer's contact with Target's stockholders and prospective investors and following a Target Change in Recommendation such contacts may be made without regard to the limitations set forth in Section 7.5.

  • Revenue Based Rent for each Lease Year shall equal Tenant’s Change in Net Assets from Operations (defined below) for such Lease Year less the Target Change in Net Assets from Operations (defined below) for that same Lease Year; provided, however that Revenue Based Rent shall be zero for any Lease Year for which Tenant’s Change in Net Assets from Operations is negative or zero.

  • For the avoidance of doubt, shares of Target Stock held by Persons other than Target Principal Holders who are not participants in the Target Change of Control Bonus Plan shall be cancelled and extinguished without consideration.

  • Acquiror has sufficient cash available to pay the Net Cash Merger Consideration, Target Debt Payments, Target Option Payments and Target Change of Control Bonus Payments at Closing in accordance with the terms of this Agreement, and the Notes in accordance with their terms.

  • Acquiror shall have sufficient immediately available funds in cash to (i) repay the Debt, (ii) pay the Target Change of Control Bonus Payments, (iii) pay the Net Cash Merger Consideration, (iv) the Target Option Payments, and (v) pay any and all other amounts payable pursuant to this Agreement at the Effective Time and to effect the transactions contemplated hereby.

Related to Target Change

  • Major Change means a change in the Employer’s program, production, organisation, physical workplace, workplace arrangements, structure or technology that is likely to have a Significant Effect on Employees.

  • Program change means any elimination, curtailment, or reorganization of a curriculum offering, program, or school operation or a reorganization or consolidation of two or more individual schools or school districts that is unrelated to financial exigency.

  • Relevant Change means a change that is or might be detrimental to the interests of an insured person in its scope, level, or amount of treatment, benefits payable or increase to the premiums payable.

  • Significant change means a major decline or improvement in the tenant’s status which does not normally resolve itself without further interventions by staff or by implementing standard disease-related clinical interventions that have an impact on the tenant’s mental, physical, or functional health status.

  • Parent Change of Control means the occurrence of any of the following: