Examples of Early Trigger in a sentence
In furtherance of its obligations under Sections 2.1(d) and (e), upon notice from FLP or any applicable Enerplus Subsidiary of any event that requires FLP or such Enerplus Subsidiary to cause to be delivered Enerplus Units to any holder of FLP B Units, Enerplus shall forthwith issue and deliver the requisite number of Enerplus Units to be received by, and issued to or to the order of, the former holder of the surrendered FLP B Units, as FLP or such Enerplus Subsidiary shall direct.
Upon the occurrence of an Early Trigger Date of this Plan, the Company will pay out on such vested Restricted Share Units issued under this Plan and by paying (net of any Applicable Withholding Tax) to such Recipient on or subsequent to the Early Trigger Date, but no later than 10 days after the Early Trigger Date, an Award Payout in an amount equal to the Vesting Date Value as at the Early Trigger Date of such Restricted Share Units.
In the event that the Company is unable to issue in any Early Trigger Offering the full amount of Remaining Excess Shares at the time of the Early Trigger Offering, then the Company’s payment obligations with respect to any Remaining Excess Shares following the Early Trigger Offering shall continue and the provisions of this Section 4.2(g)(i) shall apply to such future Early Trigger Offerings.
Upon the occurrence of an Early Trigger under this Plan, the Corporation will pay out on such vested Restricted Share Units issued under this Plan and credited to the account of such RSU Participant by paying (net of any Applicable Withholding Tax) to such RSU Participant on but no later than 10 days after the occurrence of the Early Trigger, an Award Payout in an amount equal to the Vesting Date Value as at the date of the occurrence of the Early Trigger of such Restricted Share Unit.
Notwithstanding anything else in this Plan, all unvested Restricted Share Units held by any Recipient will automatically vest, without further act or formality, immediately in the event of a Termination arising from the resignation or cessation of employment or service by the Recipient based on a material reduction or change in position, duties or remuneration of the Recipient at any time within 12 months after the occurrence of a Change of Control (the " Early Trigger Date").
Such duties may be changed in a manner deemed appropriate from time to time by the Board of Directors so long as such duties are consistent with Executive's employment as CEO and President; provided, however, this sentence shall not be operative after an Early Trigger or Change of Control as defined in Section 3.01.
Board Seat, Buyouts 10 4.1 Board Seat 10 4.2 Initial Buyout 10 4.3 Interim Buyouts 11 4.4 Final Buyout 11 4.5 Early Trigger of Final Buyout 12 4.6 Adjustments to the Final Buyout Price 12 4.7 Closing Documents for the Final Buyout 12 4.8 Landed Cost of Goods 12 4.9 Payments of Interim and Final Buyout Price 13 4.10 Minimum COG Savings and Actual Sales 13 Article 5.
Notwithstanding anything else in this Plan, all unvested Restricted Share Units held by any Recipient will automatically vest, without further act or formality, immediately in the event of a Termination arising from the resignation or cessation of employment or service by the Recipient based on a material reduction or change in position, duties or remuneration of the Recipient at any time within 12 months after the occurrence of a Change of Control (the “ Early Trigger Date”).
The Company may exercise its right to require Forced Full Exercise under this Section 4(b) by delivering a written notice thereof by facsimile and overnight courier to all, but not less than all, of the holders of Warrants, within not more than three (3) Trading Days following the Early Trigger Date (the “Forced Full Exercise Notice” and the date the Forced Full Exercise Notice is delivered to all Holders is referred to as the “Forced Full Exercise Notice Date”).