Qualifying Post-Termination Event Sample Clauses
Qualifying Post-Termination Event. “Qualifying Post-Termination Event” shall mean a Realization Event or a Liquidity Event that either (i) is consummated within 3 months after the date of Optionee’s Termination of Service or (ii) if definitive transaction documents are executed within 3 months after the date of Optionee’s Termination of Service, is consummated within 12 months after the date of Optionee’s Termination of Service.
Qualifying Post-Termination Event. “Qualifying Post-Termination Event” shall mean (a) a Change of Control Transaction or a transaction which will result in a Performance Liquidity Event or a Liquidity Event (i) with respect to which definitive transaction documents are executed prior to or within 3 months after the date of Optionee’s Termination of Service and (ii) that is consummated within 12 months after the date of Optionee’s Termination of Service or (b) an extraordinary dividend or distribution, regardless of whether any definitive transaction documents are executed, which will result in a Performance Liquidity Event or a Liquidity Event that occurs prior to or within 3 months after the date of Optionee’s Termination of Service.