First Measurement Period definition

First Measurement Period has the meaning set forth in Section 1.6(a).

First Measurement Period has the meaning given to such term in Section 9.10.

First Measurement Period means, for each Entity, the ninety-day period ending on the first day of the Performance Period;

Examples of First Measurement Period in a sentence

• For this purpose, the mid-threshold amount of Consolidated EBITDA for the three Measurement Periods are as follows: First Measurement Period = $14,070,000; Second Measurement Period = $17,400,000; and Third Measurement Period = $20,700,000.

• The First Measurement Period, for 6,046 shares, is the period of three consecutive fiscal years (of the Company and the other companies listed in the NAREIT Hotel Index) ending in 2007.

• The First Measurement Period, for 5,412 shares, is the period of three consecutive fiscal years (of the Company and the other companies listed in the NAREIT Hotel Index) ending in 2006.

• The date of the Committee’s determination and the date such vesting will occur is the “Determination Date.”(b)As determined by the Committee on the Determination Date following the First Measurement Period, the number of PRSUs that will vest shall equal (i) the TSR Payout Percentage for the First Measurement Period (not to exceed 100%) multiplied by (ii) the Target Number of PRSUs for the First Measurement Period, with such number of PRSUs rounded down to the nearest whole unit.

• Except as otherwise provided in this Award Agreement, and subject to Section 8 below, the number of Stock Units becoming eligible to vest based on performance during each of the First Measurement Period and the Second Measurement Period shall vest on the Vesting Date.

More Definitions of First Measurement Period

First Measurement Period means the period commencing on the Initial Measurement Date and ending on the last day of the 11th fiscal quarter of the Company next following such date.

First Measurement Period means the period that begins on the first day of the Performance Period and ends on the last day of the fourth quarter following such date.

First Measurement Period means the 12-month period beginning on the first day of the first full calendar month after the Closing Date.

First Measurement Period means the thirty (30) calendar days immediately before the beginning of the Short Performance Period; (D) “Last Measurement Period” means the thirty (30) calendar days ending on the date that is three (3) Business Days prior to the Merger Closing Date; (E) “Cash Out Number” means, for each Company MSU, the number of shares of Company Common Stock (rounded up to the nearest whole number of shares) equal to the product obtained by multiplying (1) the Total Number by (2) a fraction, the numerator of which is (x) the number of days that have elapsed during the applicable three-year performance period through the Merger Closing Date and (y) the denominator of which is 1,095; provided, however that the Cash Out Number for each Company MSU held by the individual set forth in Section 3.03(a) of the Company Disclosure Letter shall equal 50% of the Total Number corresponding to such Company MSU; and (F) “Rollover Number” means, for each Company MSU, the number of shares of Company Common Stock equal to (1) the Total Number minus (2) the Cash Out Number. For the avoidance of doubt, any portion of a Company MSU that is not deemed to be earned in accordance with this Section 3.03(d) will be terminated as of the Effective Time for no consideration.

First Measurement Period shall be from January 1, 20XX through December 31, 20XX and of the Performance Stock Units and of the Performance Cash Units shall be allocated thereto.

First Measurement Period. The Company fiscal year beginning [INSERT DATE A] and ending [INSERT DATE B], subject to Section 9.1 of the Award Agreement.

First Measurement Period has the meaning given to such term in Section 8.13(a) of this Agreement.