Tranche C Options definition

Tranche C Options means the options designated as Tranche C Options under the Company’s 2003 Stock Option Plan.
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Tranche C Options means those Options designated by the Board as Tranche C Options.
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Tranche C Options. Tranche C options will be comprised of a number of options equal to 37.1% of the Option Pool (6.5% of the 17.5% pro forma ownership). Tranche C Options will vest 25% each year over a four year period commencing on the sixth anniversary of the date of grant, but are subject to accelerated vesting according to annual performance-based targets based on the Company's actual and projected earnings before interest, taxes, depreciation and amortization less capital expenditures. The vesting of no more than 25% of the Tranche C Options may accelerate in any given annual period. Options issued as of the Closing Date will be issued with exercise prices set equal to the Conversion Price of the Preferred Stock. Any options in the Option Pool reserved for grant and granted at some later date will have an exercise price not less than the fair market value of the Common Stock at the date of the grant.
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Examples of Tranche C Options in a sentence

  • Any Tranche B Options and Tranche C Options that have not vested prior to, or become vested at the time that, the Investor Investment has been fully disposed of by all Investors shall be cancelled for no consideration.

  • Except to the extent Section 2(d) below shall apply, any Tranche B Options and Tranche C Options that have not vested prior to, or become vested at the time of, a Change in Control shall continue to be subject to vesting in accordance with the terms of this Agreement.

  • Each mL of perchloric acid (0.1 mol/L) VS is equivalent to 37.03 mg of C17H24BrNO3.

  • All of the Tranche C Options shall become Vested Options on the eighth anniversary of the Grant Date; provided, however, that in the event the Investor IRR equals or exceeds 30% prior to the eighth anniversary, the Tranche C Options will vest as of the date that such Investor IRR is realized.

  • Subject to your satisfaction of the Separation Requirements, any unvested Tranche B Options (as defined on Annex A) and unvested Tranche C Options (as defined on Annex A) will remain outstanding until the second anniversary of the Retirement Date and will be eligible to vest in accordance with Section 2 of the Tranche Agreement; in all cases, without regard to any continued service requirement.

  • Effective on the Grant Date, on the terms and subject to the conditions of the Plan and this Agreement, the Company hereby grants to the Optionee the option (the “Option”) to purchase Shares pursuant to Tranche A options (“Tranche A Options”), Tranche B options (“Tranche B Options”) and Tranche C Options (“Tranche C Options”) at the price per Share (the “Option Price”) and in the amounts set forth on the signature page hereto.

  • C Option Offer An offer of up to 500,000 C Options to the Real Energy C Optionholder, on the basis of one (1) C Option for every three (3) Real Energy Tranche C Options held by the relevant Real Energy C Optionholder, to be issued in consideration for the transfer of the relevant Real Energy Tranche C Options to the Company.

  • Tranche B Options – 2 and Tranche C Options – 2 will vest over the period from the grant date to 18 months after 3 August 2018.

  • Tranche C Options that have not become Vested Options as of the June 30, 2002 Tranche C Performance Measurement Date will no longer be subject to vesting under this Section 8(c).

  • George was fixed on reworking and incorporating a cell membrane unit and initially was disappointed when he realized that he was not going to use this time to “make [his unit] better” (Team Interview).


More Definitions of Tranche C Options

Tranche C Options representing 3% of the equity of Holdco if the Exit Equity Value reaches 2.2x of the Entry Equity Value;
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Related to Tranche C Options

  • Tranche C means the credit facility provided pursuant to Section 2.1 to or for the benefit of the Company by the Banks with a Tranche C Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading “Tranche C” on Schedule 1.1 and shall be in the maximum aggregate amount of the Tranche C Commitments of such Banks, as adjusted from time to time pursuant to the terms hereof.

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche C Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Tranche B Term Commitment as to any Tranche B Term Lender, the obligation of such Tranche B Term Lender to make an Initial Tranche B Term Loan to the Borrower in the principal amount set forth under the heading “Tranche B Term Commitment” opposite such Tranche B Term Lender’s name on Schedule 2.1 to this Agreement. The aggregate principal amount of the Tranche B Term Commitments as of the Closing Date is $1,025,000,000.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Tranche 1 January 1, 2015 through December 31, 2015, which is allotted 25% of the Target Award,

  • Tranche B Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TCCI pursuant to Section 2.1(b) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche B Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Tranche B Maturity Date means May 8, 2009, or, if such day is not a Business Day, the next preceding Business Day.

  • Tranche C Lender means a Lender with a Tranche C Commitment or an outstanding Tranche C Term Loan.

  • VWAP Purchase Share Percentage means, with respect to any particular VWAP Purchase Notice pursuant to Section 1(c) hereof, the percentage set forth in the VWAP Purchase Notice which the Buyer will be required to buy as a specified percentage of the aggregate shares traded on the Principal Market during normal trading hours up to the VWAP Purchase Share Volume Maximum on the VWAP Purchase Date subject to Section 1(c) hereof but in no event shall this percentage exceed thirty percent (30%) of such VWAP Purchase Date’s share trading volume of the Common Stock on the Principal Market during normal trading hours.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche 2 has the meaning set forth in Section 2.2(a)(ii).

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Optional Purchase Percentage means 5%.

  • Tranche B Notes means the promissory notes, if any, of the Borrower in favor of each Tranche B Lender provided pursuant to Section 2.4(f) or Section 2.5(f) and evidencing the Tranche B Loans of such Tranche B Lender, individually or collectively, as appropriate, as such promissory notes may be amended, modified, restated, supplemented, extended, renewed or replaced from time to time.

  • Term Percentage as to any Term Lender at any time, the percentage which such Lender’s Term Commitment then constitutes of the aggregate Term Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender’s Term Loans then outstanding constitutes of the aggregate principal amount of the Term Loans then outstanding).

  • Tranche A Maturity Date means June 30, 2006, or if such day is not a Business Day, the next preceding Business Day.

  • Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

  • Tranche A Commitment means, with respect to each Lender, the commitment of such Lender to make Tranche A Loans hereunder as set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender assumed its Tranche A Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.09, (b) increased from time to time pursuant to Section 2.26 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04.

  • Accelerated Purchase Share Percentage means, with respect to an Accelerated Purchase made pursuant to Section 2(b) hereof, thirty percent (30%).

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Tranche A Term Commitment as to any Lender, the obligation of such Lender, if any, to make a Tranche A Term Loan to the Borrower on the Incremental Facilities Closing Date in a principal amount not to exceed the amount set forth under the heading “Tranche A Term Commitment” opposite such Lender’s name on Schedule 1.1A. The original aggregate amount of the Tranche A Term Commitments is $20,000,000.