Applicable Vesting Factor definition

Applicable Vesting Factor shall be equal to either (i) the sole Vesting Factor that corresponds to the actual Cumulative Consolidated Pro Forma EBITDA set forth in the table in Section 1(m) above in the event there is no Vesting Factor Range, or (ii) the sum of (A) the lowest Vesting Factor in the applicable Vesting Factor Range that corresponds to the actual Cumulative Consolidated Pro Forma EBITDA set forth in the table in Section 1(m) above, plus (B) the ProRata Vesting Factor Increase. The “ProRata Vesting Factor Increase” is the quotient of (1) the excess of the actual Cumulative Consolidated Pro Forma EBITDA over the lowest Cumulative Consolidated Pro Forma EBITDA in the range of numbers in which the actual Cumulative Consolidated Pro Forma EBITDA falls (set forth in the table in Section 1(m) above), divided by (2) the result of a fraction, the numerator of which is the difference between the lowest and highest Cumulative Consolidated Pro Forma EBITDA in the range of numbers in which the actual Cumulative Consolidated Pro Forma EBITDA falls (set forth in the table in Section 1(m) above), and the denominator of which is the difference between the lowest and highest applicable Vesting Factor in the applicable Vesting Factor Range (set forth in the table in Section 1(m) above). All shares of Stock to be issued to the Participant under this Section 3(a), if any, shall be issued to the Participant as soon as practicable after the Determination Date but in no event later than March 15, 2013. If the Participant becomes entitled to any shares of Stock under this Section 3(a), he or she shall not be entitled to receive any shares of Stock under any other subsection of this Section 3.
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Applicable Vesting Factor means the vesting factor that is the lesser of (i) or (ii) below:
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Applicable Vesting Factor shall be equal to either (i) the sole Vesting Factor that corresponds to the actual Cumulative Adjusted Consolidated EBITDA set forth in the table in Section 1(p) above in the event there is no Vesting Factor Range, or (ii) the sum of (A) the lowest Vesting Factor in the applicable Vesting Factor Range that corresponds to the actual Cumulative Adjusted Consolidated EBITDA set forth in the table in Section 1(p) above, plus (B) the ProRata Vesting Factor Increase. The “ProRata Vesting Factor Increase” is the quotient of (1) the excess of the actual Cumulative Adjusted Consolidated EBITDA over the lowest Cumulative Adjusted Consolidated EBITDA in the range of numbers in which the actual [***] = CONFIDENTIAL TREATMENT REQUESTED FOR REDACTED PORTION; REDACTED PORTION HAS BEEN FILED SEPARATELY WITH THE COMMISSION. Cumulative Adjusted Consolidated EBITDA falls (set forth in the table in Section 1(p) above), divided by (2) the result of a fraction, the numerator of which is the difference between the lowest and highest Cumulative Adjusted Consolidated EBITDA in the range of numbers in which the actual Cumulative Adjusted Consolidated EBITDA falls (set forth in the table in Section 1(p) above), and the denominator of which is the difference between the lowest and highest applicable Vesting Factor in the applicable Vesting Factor Range (set forth in the table in Section 1(p) above). All shares of Stock to be issued to the Participant under this Section 3(a), if any, shall be issued to the Participant as soon as practicable after the Determination Date but in no event later than March 15, 2011. If the Participant becomes entitled to any shares of Stock under this Section 3(a), he or she shall not be entitled to receive any shares of Stock under any other subsection of this Section 3.
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Examples of Applicable Vesting Factor in a sentence

  • If the Participant remains in Continuous Service through and including the Determination Date and no Change in Control occurs prior to the Determination Date, then the Participant shall be entitled to receive a number of shares of Stock determined by multiplying the Target Amount by the Applicable Vesting Factor.

  • If the Participant remains in Continuous Service through and including the Determination Date, then the Participant shall be entitled to receive a number of shares of Stock determined by multiplying the Target Amount by the Applicable Vesting Factor.

  • If the Participant remains in Continuous Service through and including theDetermination Date and no Change in Control occurs prior to the Determination Date, then the Participant shall be entitled to receive a number of shares of Stock determined by multiplying the Target Amount by the Applicable Vesting Factor.


More Definitions of Applicable Vesting Factor

Applicable Vesting Factor means the vesting factor that is the lesser of (i) or (ii) below: (i) either (A) the sole Adjusted EBITDA Vesting Factor corresponding to the applicable Cumulative Adjusted EBITDA on the table set forth in Section 1(b) above or (B) the sum of (1) the lowest Adjusted EBITDA Vesting Factor in the applicable Adjusted EBITDA Vesting Factor Range corresponding to the applicable Cumulative Adjusted EBITDA on the table set forth in Section 1(b) above, plus (2) the ProRata Vesting Factor Increase; or (ii) either (A) the sole Adjusted Gross Bookings Vesting Factor corresponding to the applicable Cumulative Adjusted Gross Bookings on the table set forth in Section 1(d) above or (B) the sum of (1) the lowest Adjusted Gross Bookings Vesting Factor in the applicable Adjusted Gross Bookings Vesting Factor Range corresponding to the applicable Cumulative Adjusted Gross Bookings on the table set forth in Section 1(d) above, plus (2) the ProRata Vesting Factor Increase. For Section 1(f)(i), “ProRata Vesting Factor Increase” shall mean the quotient of (x) the excess of the actual Cumulative Adjusted EBITDA over the lowest Cumulative Adjusted EBITDA in the applicable Cumulative Adjusted EBITDA range in which the actual Cumulative Adjusted EBITDA falls (as set forth in the table in Section 1(b)), divided by (y) the result of a fraction, the numerator of which is the difference between the lowest and highest Cumulative Adjusted EBITDA in the range in which the actual Cumulative Adjusted EBITDA falls, and the denominator of which is the difference between the lowest and highest applicable Adjusted EBITDA Vesting Factor in the applicable Adjusted EBITDA Vesting Factor Range set forth in the table in Section 1(b) above. For Section 1(f)(ii), “ProRata Vesting Factor Increase” shall mean the quotient of (x) the excess of the actual Cumulative Adjusted Gross Bookings over the lowest Cumulative Adjusted Gross Bookings in the applicable Cumulative Adjusted Gross Bookings range in which the actual Cumulative Adjusted Gross Bookings falls (as set forth in the table in Section 1(d)), divided by (y) the result of a fraction, the numerator of which is the difference between the lowest and highest Cumulative Adjusted Gross Bookings in the range in which the actual Cumulative Adjusted Gross Bookings falls, and the denominator of which is the difference between the lowest and highest applicable Adjusted Gross Bookings Vesting Factor in the applicable Adjusted Gross Bookings Vesting Factor Ran...
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Related to Applicable Vesting Factor

  • Initial Vesting Date means the date occurring one (1) year after the Date of Option Grant.

  • Weighting factor wT for an organ or tissue (T) means the proportion of the risk of stochastic effects resulting from irradiation of that organ or tissue to the total risk of stochastic effects when the whole body is irradiated uniformly. For calculating the effective dose equivalent, the values of wT are:

  • Applicable Multiplier means, with respect to any Rate Period for any Series of RVMTP Shares, the percentage set forth opposite the applicable credit rating most recently assigned to such Series by the Rating Agency in the table below on the Rate Determination Date for such Rate Period: *And/or the equivalent ratings of any other Rating Agency then rating the RVMTP Shares utilizing the highest of the ratings of the Rating Agencies then rating the RVMTP Shares.

  • Vesting Percentage means the percentage by which the Target Total Award is multiplied as set forth in the chart in Section II below.

  • Accumulation Period Factor means, for any Collection Period, a fraction with:

  • Class Factor As to any date of determination and any Combinable Class, the then current Class Factor for the Related REMIC Class. As to any date of determination and any RCR Class, a fraction the numerator of which is the sum of the then current Class Balances of

  • Stress Factor means 2.25.

  • Load Factor means the percentage of aircraft seats actually occupied on a flight (RPMs divided by ASMs). “NMB” means the National Mediation Board.

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • M1 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 70.00% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Severance Multiplier means, with respect to any termination of Employee’s employment hereunder by the Company without Cause or by Employee with Good Reason, 1; provided, however, that in the event such termination occurs within the two (2) year period following a Change in Control, the Severance Multiplier shall instead equal 2.

  • Performance Percentage means the factor determined pursuant to a Performance Schedule that is to be applied to a Target Award and that reflects actual performance compared to the Performance Target.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Measurement Date has the meaning set forth in Section 3.3(a).

  • M4 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 84.30% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount.

  • Company TSR means, for any Performance Period, the Company’s TSR for such Performance Period.

  • M5 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 86.20% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount.

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Vesting Dates means, as determined by the Board or by the Committee, the date as of which the Optionee shall be entitled to exercise the Options or part of the Options, as set forth in section 11 of the ISOP.

  • M2 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 81.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Subsequent Margin means the margin specified as such in the applicable Final Terms;

  • Senior Accelerated Distribution Percentage With respect to any Distribution Date occurring on or prior to the 60th Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, any Loan Group, 100%. With respect to any Distribution Date thereafter and any such Loan Group, if applicable, as follows:

  • Fit factor means a quantitative estimate of the fit of a particular respirator to a specific individual, and typically estimates the ratio of the concentration of a substance in ambient air to its concentration inside the respirator when worn.

  • RTSR means the percentile rank of the Company’s Total Shareholder Return among the Total Shareholder Returns of all members of the Peer Group, ranked in descending order, at the end of the Performance Period.

  • Multiplier means the Multiplier specified in the Table.