Attainment date definition

Attainment date means that term as defined in section 84b.
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Attainment date shall occur on the first date during the Performance Period when the average closing trading price of a share of Common Stock on the Nasdaq Stock Market over 70 consecutive trading days up to and including such date (the “Attainment Date Period”) equals or exceeds the applicable Target Price Threshold set forth in the table below. Payout Percentage Target Price Threshold 0.75 x the Initial Grant Number US $200 per share 1.5 x the Initial Grant Number (inclusive of 0.75 x per line above) US $220 per share Each Target Price Threshold set forth in the table above is a binary threshold. The Payout Percentage corresponding to a Target Price Threshold for which an Attainment Date is reached shall not be calculated based on linear interpolation. Each Target Price Threshold and corresponding Payout Percentage may be achieved only once. For the avoidance of doubt, the maximum payout of this award will not exceed 1.5 x the Initial Grant Number.
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Examples of Attainment date in a sentence

  • The Committee may, in its sole discretion, substitute cash equal to the Fair Market Value of shares of Common Stock otherwise required to be issued to a Participant hereunder (with such Fair Market Value being the Fair Market Value most recently determined by the ESOP financial advisor immediately prior to the Attainment Date).

  • A Target Price Threshold is attained when the price of a share of Common Stock is equal to or exceeds the applicable Target Price Threshold set forth in the table below for the duration of the Attainment Date Period.

  • On a Research Program-by-Research Program basis, after the Pre-Clinical Candidate Attainment Date for such Research Program, BeiGene shall have the right to further Research, Develop, manufacture and Commercialize all Compounds and associated Products from such Research Program as a Licensed Program.

  • To the extent that any of the First Price Target Attainment Date, the Second Price Target Attainment Date or the Third Price Target Attainment Date has not occurred prior to the date that is the three-year anniversary of the Grant Date, then the unvested RSUs corresponding to each such price target that has not been attained shall immediately and automatically terminate and be forfeited in their entirety as of such date.

  • On a Licensed Program-by-Licensed Program basis, promptly following the Pre-Clinical Candidate Attainment Date for the first Pre-Clinical Candidate from such Licensed Program, Ambrx will prepare and provide to BeiGene a draft plan for the transition of the Research, Development and manufacture of all applicable Compounds and Products from such Licensed Program from Ambrx to BeiGene or its designee (a “Transition Plan”).

  • On a Research Program-by-Research Program basis, from and after the Pre-Clinical Candidate Attainment Date for such Research Program, the JRC shall not have any further decision making authority with respect to such Research Program and all subsequent decisions regarding the further Research, Development, manufacture and Commercialization of the applicable Compounds and associated Products for such Research Program shall be at BeiGene’s sole discretion, subject to the terms of this Agreement.

  • The restricted shares of Live Nation common stock issued in connection with a particular Attainment Date will vest and the restrictions thereon will lapse on December 31, 2022, subject to and conditioned in each case upon the Employee’s continued employment with Live Nation through the applicable vesting date.

  • If, at any time during the Performance Period, an Attainment Date occurs, a portion of the Performance RSUs equal to the applicable Payout Percentage (as set forth in Section 3) will vest on the Attainment Date and be settled in accordance with Section 2(a) of the Agreement.

  • To the extent that any of the First Price Target Attainment Date, the Second Price Target Attainment Date, the Third Price Target Attainment Date or the Fourth Price Target Attainment Date has not occurred prior to the date that is the five-year anniversary of the Grant Date, then the unvested RSUs corresponding to each such price target that has not been attained shall immediately and automatically terminate and be forfeited in their entirety as of such date.

  • On a Licensed Program-by-Licensed Program basis, commencing as of the Pre-Clinical Candidate Attainment Date for a Pre-Clinical Candidate for such Licensed Program and continuing for the remainder of the Term of this Agreement for such Program.

Related to Attainment date

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Late Retirement Date means the first day of the month coinciding with or next following a Participant's actual Retirement Date after having reached his Normal Retirement Date.

  • Performance Period means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.

  • Initial Payment Date has the meaning specified in Section 3 of this Supplement.

  • Early Retirement Date means the Retirement, as defined below, of the Executive on a date which occurs prior to the Executive attaining sixty-two (62) years of age, but after the Executive has attained fifty-five (55) years of age.

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Scheduled Termination Date means the date that is 364 days from (and including) the Effective Date, or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.03.

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • Vesting Commencement Date means the Grant Date or such other date selected by the Committee as the date from which an Award begins to vest.

  • Performance Cycle means one or more periods of time, which may be of varying and overlapping durations, as the Administrator may select, over which the attainment of one or more Performance Criteria will be measured for the purpose of determining a grantee’s right to and the payment of a Restricted Stock Award, Restricted Stock Units, Performance Share Award or Cash-Based Award, the vesting and/or payment of which is subject to the attainment of one or more Performance Goals. Each such period shall not be less than 12 months.

  • Measurement Date means the most recent Payment Date specified in the first column of the Cumulative Net Loss Rate Table.

  • Interest Commencement Date means the Issue Date of the Notes or such other date as may be specified as the Interest Commencement Date in the relevant Final Terms;

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Award Period means the period beginning on an Award Date and ending on the expiration date of such Award.

  • Performance Objective means a standard established by the Committee to determine in whole or in part whether a Performance Award shall be earned.

  • In-Service Date means the date on which the Facility and System Modifications (if applicable) are complete and ready for service, even if the Facility is not placed in service on or by that date.