Effective IRR. “Effective IRR” shall mean, as of the Measurement Date, the annual, compounded internal rate of return achieved as of such date by the Principal Stockholders in respect of the Investment, which IRR shall be based on the Effective Proceeds.
Appears in 3 contracts
Sources: Stock Option Agreement (PPD, Inc.), Stock Option Agreement (PPD, Inc.), Stock Option Agreement (PPD, Inc.)
Effective IRR. “Effective IRR” shall mean, as of the Measurement Date, the annual, compounded pre-tax internal rate of return achieved as of such date by the Principal Stockholders in respect of the Investment, which Effective IRR shall be based on the Effective ProceedsProceeds actually received or held by the Principal Stockholders as of the relevant date.
Appears in 1 contract
Sources: Stock Option Agreement (PPD, Inc.)