First Stock Price Hurdle definition
First Stock Price Hurdle means the written certification by the Committee that the price per share of Company Common Stock has met or exceeded the greater of $36.00 or 120 percent of the trailing 7-day average preceding the Grant Date.
First Stock Price Hurdle means the written certification by the Committee that the price per share of Company Common Stock has met or exceeded the target trailing 30-day average closing price of $60.00;
First Stock Price Hurdle means, as of the closing of any trading day on the Exchange during the Measurement Period, the achievement by the Company of a volume weighted average price per Share of $33.75 on the Exchange, as reported by Bloomberg, L.P. or another reputable source, calculated on the basis of a thirty (30) consecutive trading day trailing period ending on the applicable determination date.
Examples of First Stock Price Hurdle in a sentence
For purposes of illustration and without limitation, if the First Stock Price Hurdle has not been achieved as of the date on which the Average Closing Stock Price equals the Second Stock Price Hurdle, then as of such date, both the First Tranche and the Second Tranche shall become earned.
First Tranche Later of (i) the [__] anniversary of the Date of Grant and (ii) the next Regular Vesting Date after the First Stock Price Hurdle is achieved, subject to the Participant’s continued Services through such date.