Aggregate Value Cap definition
Aggregate Value Cap for the Payment Cap Measurement Date means a dollar amount equal to the product of (A) the number of PRSUs earned under this Agreement, multiplied by (B) $60.00.
Aggregate Value Cap means $12,000,000 reduced by the sum of Aggregate Values of all previous Option exercises.
Aggregate Value Cap for the Payment Cap Measurement Date means a dollar amount (rounded to the nearest whole dollar) equal to the product of (A) 100% of the PSUs granted pursuant to this Agreement, multiplied by (B) the Payment Cap Price. (v) “Excess Number of PSUs” for the Payment Cap Measurement Date means a number of PSUs equal to the number determined by first calculating the positive difference, if any, between (A) the Aggregate Value minus (B) the Aggregate Value Cap, and then dividing any such resulting positive dollar amount by the Fair Market Value per share of Common Stock on the Payment Cap Measurement Date (rounding up to the nearest whole PSU).
Examples of Aggregate Value Cap in a sentence
The term "Aggregate Value Cap" means $12,000,000 reduced by the sum of Aggregate Values of all previous Option exercises.
Upon any exercise of the Option, in the event the "Aggregate Value" of the Option, as defined below, exceeds the Aggregate Value Cap (as defined below), the exercise price shall be increased so that the Aggregate Value is reduced to the amount of the Aggregate Value Cap.