Fifth Anniversary Date definition
Examples of Fifth Anniversary Date in a sentence
The termination date of this Option Agreement ("Expiration Date")shall be the earlier of the following: (1) the date of termination upon the occurrence of an event under paragraph 6 or 7, or (2) the Fifth Anniversary date of this Option Agreement provided that the termination date for any installment exercisable on the Fifth Anniversary Date of this Option Agreement shall be the ninetieth day after the Fifth Anniversary date of this Option Agreement.
If you incur a Separation from Service (i) prior to the Fifth Anniversary Date by reason of Disability or death and (ii) as of the date of such Separation from Service, you have been in the continuous employment of the Company or one or more of its Affiliates for the two-year period ending on the date of such Separation from Service, the remaining Units granted hereunder that have not been converted into Common Stock prior to such Separation from Service shall be fully vested.
Subject to paragraph 5 below, if the Minimum Share Price Condition is not satisfied by the Fifth Anniversary Date, the award will be forfeited.
Notwithstanding the foregoing, if prior to the Fifth Anniversary Date the Company determines that the cash EPS targets set forth below have been met, and if the Board of Directors so concurs, then this option shall immediately become exercisable as to not more than the number of shares set forth opposite such cash EPS target in the table below.
Such installments of principal and interest shall adjust on the Adjusted Rate Fifth Anniversary Date to reflect any change in the Adjusted Rate.