Examples of Earnout Options in a sentence
Upon exercise of the Earnout Options relating to the LP, the corresponding Class C LP Units and Class E LP Units are cancelled.
Upon completion and rental of additional space on specific properties and payment of the relevant option strike prices, the holder may elect to exercise the Earnout Options and receive Trust Units, Class B LP Units or Class D LP Units, as applicable.
STATUTORY ENVIRONMENTThe Rates and Charges (Rebates and Deferments) Act 1992, defines the manner in and circumstances under which a local government is to apply pensioner concessions.
As a result of this obligation, the Earnout Options are exchangeable into a liability (the Trust Units are a liability by definition), and accordingly the Earnout Options are also considered to be a liability.
Earnout OptionsUnder Canadian GAAP, the Earnout Options were presented as equity in the Trust’s consolidated balance sheet.
Earnout Options were valued at their estimated fair market value of $nil based on an exercise price that is equivalent to the market price of the Trust Units at the time of the Earnout event.
The Earnout Options, pursuant to the development management agreements, are exercisable generally upon completion and rental of additional space on specific properties, for a period of five to 10 years commencing at the grant date, which may be extended under certain conditions.
The Earnout Options, pursuant to the development management agreements, are exercisable generally upon completion and rental of additional space on specific properties, for a period of five to 10 years commencing at the grant date,which may be extended under certain conditions.
For certain of these properties under development, SmartCentres and other unrelated parties have been granted Earnout Options that give them the right, at their option, to receive up to 40% of the Earnout fee for one of the agreements and up to 30% to 40% of the Gross Cost for the remaining agreements in Trust Units, Class B LP Units or Class D LP Units, at predetermined option strike prices, for developments completed pursuant to the development management agreements, subject to a maximum number of units.
The fair value of Earnout Options is determined using a Black-Scholes option valuation model.