Common use of Stock Price Condition Clause in Contracts

Stock Price Condition. In order for the Units to vest, the Company’s Common Stock must attain a closing price equal to or greater than $48.00/share for at least twenty (20) consecutive trading days at any time prior to the Expiration Date (such condition to vesting, the “Stock Price Condition”).

Appears in 2 contracts

Samples: Performance Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.), Performance Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

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Stock Price Condition. In order for the Units to vest, the Company’s Common Stock must attain a closing price equal to or greater than $48.0034.00/share for at least twenty (20) consecutive trading days at any time prior to the Expiration Date (such condition to vesting, the “Stock Price Condition”).

Appears in 2 contracts

Samples: Performance Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.), Performance Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

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Stock Price Condition. In order for the Units to vest, the Company’s Common Stock must attain a closing price equal to or greater than $48.0038.00/share for at least twenty (20) consecutive trading days at any time prior to the Expiration Date (such condition to vesting, the “Stock Price Condition”).

Appears in 2 contracts

Samples: Performance Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.), Performance Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

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