Equity Stake definition
Equity Stake means a stake representing a portion of the Company Value as of a Valuation Date. The Committee shall, in its exclusive discretion, determine the number of Equity Stakes as of any Valuation Date (the “Equity Stake Value”). The number of Equity Stakes shall remain fixed unless (a) there is a substantial change in the valuation method to determine the Company Value and a change in the number of Equity Stakes is necessary to preserve the total amount of Unit Appreciation (as defined in Section 1.8) on all of the Units
Equity Stake means, as of any date, with respect to any Investor Group, (i) (x) the product of (A) the percentage of outstanding Class A Units of the Parent held by such Investor Group times (B) the aggregate number of outstanding shares of Common Stock held by the Parent plus (y) the number of shares of outstanding Common Stock distributed to any VC Stockholder in a VC Distribution and held by such VC Stockholder divided by (ii) the aggregate number of outstanding shares of Common Stock. This definition shall not be affected by the vesting of any Class B Units, Class C Units or Class D Units of Parent.
Equity Stake means, with respect to a Family Group, the number of Units owned by that Family Group as of the date hereof, as reflected in the Ownership Schedule (as defined below) as of the date hereof.
Examples of Equity Stake in a sentence
Each Family Group shall have the right (but not the obligation) pursuant to this Agreement to nominate and cause to be elected to the Management Committee one Managing Partner in the event that, at the applicable time, the applicable Family Group beneficially owns at least 20% of such Family Group’s Equity Stake.
More Definitions of Equity Stake
Equity Stake means 40% of total ordinary shares of Exchange out of ordinary shares lying in the blocked account of Exchange pursuant to Section 5(1)(c) of the Act, acquired by Anchor Investor and transferred in the name of Consortium members of Anchor Investor.
Equity Stake. A equity stake is a percentage of the project’s equity or “real property” based on the number of shares a member buys. For example: A share is valued at $25,000 and a member buys 2 shares totaling $50,000. If the real property’s after remodel value (ARV) is $500,000 then the equity stake would be 10% based on the number of shares a member bought.
Equity Stake. The Board has previously approved the issuance to ▇▇▇▇▇ of two separate options to purchase a total of 160,000 shares of the Company's common stock (the "Options") in accordance with the Company's Stock Option Plan (the "Plan"). The Plan provides that fifty percent of the options vest upon the completion of one year's service and the remaining fifty percent of the options vest upon completion of the second year's service. Upon the execution of this Agreement the Options shall be amended to provide that in the event of a Change of Control of the Company, all of the options issued pursuant to the Options shall become fully vested as of the date of the Change in Control. A "Change of Control" is defined herein as a transaction or a series of related transactions resulting in the sale of all or substantially all of the Company's assets or a merger or consolidation, or sale or transfer of securities, which results in any entity which does not currently hold any of the outstanding voting securities of the Company (as determined immediately prior to such merger or consolidation or sale or transfer of stock) owning, directly or indirectly, thirty-three percent or more of the beneficial interest in the outstanding voting securities of the Company or the surviving corporation that controls the Company or of such surviving corporation's parent corporation (determined immediately after such merger or consolidation or sale or transfer of stock). The stock option agreements establishing the Options shall be amended to reflect this additional provision, and ▇▇▇▇▇ agrees to execute such amended stock option agreements.
Equity Stake. Sold" Article 1.1 "Material Real Property Leases" Article 3.3 para a "Date of Transfer" Article