Execution Date definition
Examples of Execution Date in a sentence
The term of this Agreement shall commence on the Execution Date and, subject to Section 11.2, shall continue until the No-Buydown Delivery Threshold and the Buydown Delivery Threshold have been reduced to zero in accordance with the terms of this Agreement (the "Term").
Sellers and the Company shall execute, and shall cause their respective Affiliates to execute, the Commercial Term Sheets and deliver executed copies of such Commercial Term Sheets to Buyer on the Execution Date or the Closing Date, as applicable.
The first annual time-based equity award pursuant to this Section 3(c) will be in the amount of $3,300,000 and will be made in the form of shares of restricted stock promptly following the Execution Date.
The initial term of this Agreement (the “Initial Term”) is for a period of three months from the Execution Date (such date being the “Effective Date” herein) and automatically renews unless terminated in accordance with the provisions below.
If the vesting of any interest under this Agreement would, but for this clause, be void under the rule against perpetuities at common law or under any statute imposing perpetuity periods, then that interest terminates one day before the end of the maximum time from the Execution Date permitted by the Laws of Brazil.