Fourth Anniversary Date definition

Fourth Anniversary Date means the date which is four (4) Fiscal Years after the First Closing Date.

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Fourth Anniversary Date means the date falling forty eight (48) months after the Actual Delivery Date.

Fourth Anniversary Date means the date that is the fourth anniversary of the Date of Grant, which anniversary is, subject to Paragraph 6, the Payment Date as of which the second one-third of the shares of Common Stock are issued to you in accordance with the terms of this Agreement.

Examples of Fourth Anniversary Date in a sentence

The Recapture Payment for the Fourth Anniversary Date shall be determined by subtracting the amount of total compensation actually paid to Full Time Workers at Grantee’s Facility from One Hundred Eight Million Dollars ($108,000,000), and multiplying the difference by three and one half percent (3.5%).
Notwithstanding any other provision of the Agreement or these Terms and Conditions to the contrary, if a Change of Control occurs before the Fourth Anniversary Date and before you incur a Termination of Employment, then all remaining vesting and exercisability restrictions shall immediately lapse on date of the Change of Control and the Option will be fully exercisable.
By way of example only, if as of the Fourth Anniversary Date, Grantee has paid Compensation to Full Time Workers in the aggregate amount of One Hundred Million Dollars ($100,000,000), Grantee would owe a Recapture Payment to the Authority of Eight Million Dollars ($8,000,000) multiplied by 3.5%, equal to Two Hundred and Eighty Thousand Dollars ($280,000).
By way of example only, if during the time period from the Fourth Anniversary Date through the Eighth Anniversary Date, Grantee has paid Compensation to Full Time Workers in the aggregate amount of One Hundred Million Dollars, ($100,000,000), Grantee would owe a Recapture Payment to the Authority in the amount of Forty-Four Million ($44,000,000) multiplied by 3.5%, equal to One Million, Five Hundred Forty Thousand Dollars ($1,540,000).
Notwithstanding any other provision of the Agreement or these Terms and Conditions to the contrary, if you incur a Disability before the Fourth Anniversary Date and before you incur a Termination of Employment, all remaining vesting and exercisability restrictions shall immediately lapse on the date of your Termination of Employment due to your Disability.
If the Margin Adjustment has not been agreed and documented to the satisfaction of the Facility Agent (acting with the authorisation of all of the Lenders) by no later than five Business Days prior to the last day of the Interest Period ending on, or (as the case may be) immediately before, the Fourth Anniversary Date then the Borrower shall repay the Loan outstanding in full on the Fourth Anniversary Date.
Notwithstanding any other provision of the Agreement or these Terms and Conditions to the contrary, if a Change of Control occurs before the Fourth Anniversary Date and before you cease to be a member of the Board, then all remaining Forfeiture Restrictions shall immediately lapse on date of the Change of Control.
If, for the time period from the Fourth Anniversary Date through September 30, 2021 (the “Eighth Anniversary Date”), Grantee has not paid Compensation to Full Time Workers at Grantee’s Facility in the aggregate amount of One Hundred Forty-Four Million Dollars ($144,000,000), then in that case, Grantee shall be liable to pay to the Authority a Recapture Payment.
Notwithstanding any other provision of the Agreement or these Terms and Conditions to the contrary, if you die before the Fourth Anniversary Date and before you otherwise incur a Termination of Employment, all remaining vesting and exercisability restrictions shall immediately lapse on the date of your Termination of Employment due to your death and the Option will be fully exercisable.
Any Margin Adjustment shall take effect on and from the Fourth Anniversary Date.

More Definitions of Fourth Anniversary Date

Fourth Anniversary Date the date that is four years after the Closing Date.

Fourth Anniversary Date means the date that falls on the fourth anniversary of the Effective Date.

Fourth Anniversary Date means [●], 2024. (x) “Free Cash Flow” has the meaning set out in Schedule “B”. (y) “Guaranteed FCF Amount” means the lesser of (i) $60,000,000 and (ii) the amount expressed in United States dollars that is the product of (x) the aggregate amount of “Free Cash Flow (Post-Tax)” on Line 217 of tab “New Afton Model” in the Approved Model shown as having been generated by the New Afton Mine during the Guaranteed FCF Period calculated using the Approved Model (on the basis that any years of negative free cash flow from production shall be deemed to be one dollar ($1.00) and excluding any and all federal or provincial income taxes) and after adjustment to the Approved Model to reflect the actual realized commodity prices (excluding the effect of any Trading Activities) and exchange rates during the Guaranteed FCF Period multiplied by (y) 46.0% multiplied by (z) the Guaranteed FCF Percentage.

Fourth Anniversary Date has the meaning ascribed to such term in Section 1.2(a)(vi).

Fourth Anniversary Date as contained in the proviso at the end of the fourth sentence thereof shall be, and hereby is, amended to read "fifth Anniversary Date".

Fourth Anniversary Date as defined in subsection 3.1.