Fourth Anniversary definition
Examples of Fourth Anniversary in a sentence
Subject to Section 4(h) hereof, Global Partner may terminate his Employment hereunder prior to the Fourth Anniversary for Good Reason which is defined in Exhibit B, Part I to this Agreement.
Subject to the limitations as set forth below, one hundred percent (100%) of any such Executive Member’s vested Remaining Units may be Exchanged at the election of such Executive Member from the Fourth Anniversary by delivering an Exchange Request at least 45 days in advance of the Closing of such Exchange.
First Anniversary of Date of Grant 50,000 Second Anniversary of Date of Grant 50,000 Third Anniversary of Date of Grant 50,000 Fourth Anniversary of Date of Grant 50,000 Fifth Anniversary of Date of Grant 50,000 The vesting of the Stock Award shall be cumulative, but shall not exceed 100% of the Stock Award.
If the Term is not extended beyond the Fourth Anniversary (or any succeeding Anniversary to which the Term has been extended), then Executive shall be paid a severance payment as described in Section 7(d) “Termination by Executive for Good Reason Prior to or More than Two Years after a Change of Control” at a two and one-quarter times (2.25) multiplier.
Subject to other terms and conditions set forth herein, the Option may be exercised in cumulative installments as follows: First Anniversary of the Grant Date 25% Second Anniversary of the Grant Date 50% Third Anniversary of the Grant Date 75% Fourth Anniversary of the Grant Date 100% Option Shares shall constitute Vested Shares once they are exercisable.