Performance Vesting Incentive Securities. The Performance Vesting Incentive Securities will vest and become Vested Securities upon the occurrence of either a Change in Control or a Public Offering in which the Bain Inflows immediately following such Change in Control or Public Offering (as determined on the applicable measurement date) are at least two times (2x) the Bain Outflows (the “Performance Threshold”).
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Samples: Executive Subscription and Securityholder’s Agreement, Executive Subscription and Securityholder’s Agreement (Styron Canada ULC), Executive Subscription and Securityholder’s Agreement (Trinseo S.A.)
Performance Vesting Incentive Securities. The Performance Vesting Incentive Securities will vest and become Vested Securities upon the occurrence of either a Change in Control or a Public Offering in which the Bain Xxxx Inflows immediately following such Change in Control or Public Offering (as determined on the applicable measurement date) are at least two times (2x) the Bain Xxxx Outflows (the “Performance Threshold”).
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