Fourth Tranche definition

Fourth Tranche means 16,000 of the Restricted Shares, for which the Performance Condition will be satisfied upon achievement of the Fourth Stock Price Hurdle.

Fourth Tranche means 509,000 of the Restricted Shares, for which the Performance Condition will be satisfied upon achievement of the Fourth Performance Hurdle. For purposes of illustrating the vesting terms described in this Section 3(a)(i), on each Service Vesting Date, an amount of Restricted Shares equal to the product of 20% multiplied by the number of Restricted Shares covered by each Tranche (if any) with respect to which the relevant Performance Condition has been satisfied shall become vested and non-forfeitable. Additionally, upon the achievement of any Performance Condition with respect to a Tranche following the date on which one or more of the 20% incremental portions of the Service Condition has been satisfied, an additional amount of Restricted Shares equal to the product of the number of Restricted Shares covered by such Tranche multiplied by the percentage of the Service Condition which has been previously attained shall become vested and non-forfeitable.

Fourth Tranche means 800,000 of the Restricted Shares, for which the Performance Condition will be satisfied uponachievement of the Fourth Performance Hurdle.For purposes of illustrating the vesting terms described in this Section 3(a)(i), on each Service Vesting Date, an amount of Restricted Sharesequal to the product of 20% multiplied by the number of Restricted Shares covered by each A-2Tranche (if any) with respect to which the relevant Performance Condition has been satisfied shall become vested and non-forfeitable. Additionally, upon the achievement of any Performance Condition with respect to a Tranche following the date on which one or more of the 20% incremental portions of the Service Condition has been satisfied, an additional amount of Restricted Shares equal to the product of the number of Restricted Shares covered by such Tranche multiplied by the percentage of the Service Condition which has been previously attained shall become vested and non-forfeitable.

Examples of Fourth Tranche in a sentence

• Under this construction, Eon further contends that the phrase "a stabilizer which maintains the size distribution of said [cyclosporin] particles" should be construed to mean: a) the stabilizer keeps the size distribution of the solid particles constant, i.e., the stabilizer prevents the solid particles of cyclosporin from increasing or decreasing in size; and b) the stabilizer maintains the size distribution of the particles for at least several hours after the hydrosol is formed.

• Any question on such determination shall be referred to the Issuer.Transfers taking place in the Register of Bondholders after the Fourth Tranche Bonds are listed in PDEx may be allowed between taxable and tax-exempt entities without restriction and observing the tax exemption of tax- exempt entities, if and/or when allowed under, and are in accordance with the relevant rules, conventions and guidelines of PDEx and PDTC.

• Based on the 270 million Domestic Preference Shares (Fourth Tranche) which were issued, the Bank will distribute cash dividends of RMB1.1745 billion in total (before tax).

• Value-Added TaxGross receipts derived by dealers in securities from the sale of the Fourth Tranche Bonds in the Philippines, equivalent to the gross selling price less the acquisition cost of the Fourth Tranche Bonds sold, shall be subject to value-added tax of 12%.

• Amount to be paid: Cash dividend payable to each preference share shall be RMB4.35 (before tax), calculated at a dividend rate of 4.35% for Domestic Preference Shares (Fourth Tranche).

More Definitions of Fourth Tranche

Fourth Tranche means twenty percent (20%) of the total number of PSUs subject to the Award, which PSUs shall be earned upon achievement of both the Fourth Stock Price Hurdle and the Relative TSR Goal.

Fourth Tranche means 130,500 of the Restricted Shares (of which 43,500 shall constitute Bonus Restricted Shares), for which the Performance Condition will be satisfied upon achievement of the Fourth Performance Hurdle.

Fourth Tranche up to Two Million and Five Hundred Thousand Dollars ($2,500,000), as mutually agreed by Cartesian and the Company, in an Equity Investment and/or Debt Investment, allocated in the sole discretion of Cartesian.

Fourth Tranche means 130,500 of the Restricted Shares (of which 43,500 shall constitute Bonus Restricted Shares), for which the Performance Condition will be satisfied upon achievement of the Fourth Performance Hurdle. For purposes of illustrating the vesting terms described in this Section 3(a)(i), on each Service Vesting Date, an amount of Restricted Shares equal to the product of 20% multiplied by the number of Restricted Shares covered by each Tranche (if any) with respect to which the relevant Performance Condition has been satisfied shall become vested and non-forfeitable. Additionally, upon the achievement of any Performance Condition with respect to a Tranche following the date on which one or more of the 20% incremental portions of the Service Condition has been satisfied, an additional amount of Restricted Shares equal to the product of the number of Restricted Shares covered by such Tranche multiplied by the percentage of the Service Condition which has been previously attained shall become vested and non-forfeitable. For the avoidance of doubt, the Performance Condition related to the Bonus Restricted Shares shall not be deemed satisfied unless (in addition to meeting the applicable Performance Conditions described above) the conditions set forth under Section 3(a)(vi) are met.

Fourth Tranche means 550,000 of the Restricted Shares, for which the Performance Condition will be satisfied upon achievement of the Fourth Performance Hurdle.

Fourth Tranche means the sum of not more than Nine Million US Dollars (US$9,000,000) to be disbursed partly in US Dollars and partly in Barbados Dollars, being part of the Loan that will be used by the Borrower for the construction of villas on Parcel B of the Land.

Fourth Tranche means 250,000 of the Restricted Shares.