Examples of First Anniversary in a sentence
These options will vest, subject to any stock option agreement between Company and Employee, 25% after one year following the Commencement Date ("First Anniversary Date"), and the remainder to vest on a pro-rata monthly basis over the next 36 months following the First Anniversary Date such that 100% of all such options shall be vested after four years from the Commencement Date.
Maker shall use reasonable efforts to complete an equity or debt financing prior to the First Anniversary Date to permit Maker to prepay this Note in its entirety.
The determinations made as of the Initial Closing Date shall remain unchanged until the First Anniversary.
On the First Anniversary, and on each anniversary date, March 31, June 30 and September 30 through the Fifth Anniversary (each such date a "Determination Date"), the Company shall reasonably determine the aggregate Fair Market Value of the collateral (the "Market Value") being held.
The market value of the First Anniversary Equity Grant shall be equal to the average closing price of such common stock as of the 20 trading days immediately prior to the applicable anniversary of the IPO.