Common use of Percentage Release from Repurchase Option Clause in Contracts

Percentage Release from Repurchase Option. If the MVPSE is, as of a Target Date, less than the applicable Target MVPSE, but is greater than ninety percent (90%) of the applicable Target MVPSE as of such Target Date, a percentage of the Performance Vested Shares available for release from the Repurchase Option as of such Target Date shall be released from the Repurchase Option according to the following proportionate release schedule:

Appears in 4 contracts

Samples: Restricted Stock Purchase Agreement (Huntsman Packaging of Canada LLC), Restricted Stock Purchase Agreement (Huntsman Packaging of Canada LLC), Restricted Stock Purchase Agreement (Huntsman Packaging of Canada LLC)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.