Common use of Release Date Clause in Contracts

Release Date. (a) (i) The Release Date, which determines the date on which the property underlying RSUs shall be released and settled, shall be determined as described below.

Appears in 5 contracts

Samples: Incorporated Terms (Mgic Investment Corp), Incorporated Terms (Mgic Investment Corp), Incorporated Terms (Mgic Investment Corp)

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Release Date. (a) (i) The Except as otherwise provided herein, the Release Date, which determines the date on which the property underlying RSUs shall be released and settled, shall be determined as described belowfollows.

Appears in 1 contract

Samples: Incorporated Terms (Mgic Investment Corp)

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Release Date. (a) (i) The Release Date, which determines ” is generally the date on which the property underlying RSUs shall be released and settled, . The number of RSUs for which a Release Date will occur on the date set forth or contemplated after “RSUs Release Date” in the Base Instrument shall be determined as described belowthe product of (I) the Number of RSUs Granted and (II) the Vesting Percentage. Such number of RSUs shall be rounded down to the nearest whole RSU.

Appears in 1 contract

Samples: Incorporated Terms (Mgic Investment Corp)

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