Hurdle Price definition

Hurdle Price means US$155.00; provided, however, that such amount shall be (i) adjusted in an appropriate and proportionate manner consistent with the provisions for adjusting the Exercise Price in Section 2(a)(1) for any events that require an adjustment in the Exercise Price pursuant to such section and (ii) reduced by an amount equal to the pre-tax value (determined pursuant to Section 2(b)(i)) per Common Share of any dividend or other distribution described in Section 2(a)(3).
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Hurdle Price means [●].
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Hurdle Price as used herein shall equal $6.50, subject to adjustment pursuant to paragraph 3 above. The "Closing Price" as used herein shall mean the average of the closing prices for a share of Common Stock on the twenty (20) consecutive trading days ending on the trading date last preceding an optional redemption date, the Mandatory Redemption Date (as defined below), the date of an event described in paragraph 4(a) above or the closing date of an Acquisition (as defined below), as the case may be, as reported on the National Association of Securities Dealers, Inc.'s Automated Quotations System ("Nasdaq") or if such closing prices shall not be reported on Nasdaq, the average of the closing prices, regular way, for a share of such security on the principal national securities exchange on which such security is listed on such twenty (20) consecutive trading days, or if such security is not listed on any national securities exchange, the average of the mean between the closing bid and asked prices of a share of such security on such twenty (20) consecutive trading days as reported, or if such prices shall not be so reported, as the same shall be reported by the National Quotation Bureau, Incorporated or, in all other cases, the value set in good faith by the Board.
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Examples of Hurdle Price in a sentence

  • Upon a Sale Event, this Stock Option shall become exercisable in accordance with the exercisability schedule set forth above to the extent the Sale Price (as defined in Section 1 of the Plan) exceeds the applicable Hurdle Price.

  • The Award LTIP Units will be subject to forfeiture based on the Company’s failure to achieve the Hurdle Price Level for a consecutive twenty (20) trading day period during the Performance Period, as set forth in this Section 3, subject to Section 5 hereof in the event of a Change in Control.

  • For the avoidance of doubt, once a Hurdle Date for a Hurdle Price Level is achieved, the applicable percentage of Award LTIP Units will be earned regardless of whether the Closing Price later falls below such Hurdle Price Level and further provided that Employee can only earn Award LTIP Units once per Hurdle Price Level.

  • Furthermore, I acknowledge and understand the calculation of the D3 Hurdle Price as applied by the Board of Directors and agree that the calculation is in accordance with the Articles of Association of the Company, and acknowledge and accept the D3 Hurdle Price and D3 Hurdle Amount as specified in this letter.

  • Specifically, on each Hurdle Date that occurs during the Performance Period, a number of PSUs equal to one-eighth (1/8) of the Target Award shall be earned for each Hurdle Price Level that is achieved on such Hurdle Date, rounded up to the nearest whole PSU.

  • If, during the Performance Period, a Hurdle Date occurs with respect to the highest Hurdle Price Level (i.e., $25.00), then the number of PSUs that shall be earned on such Hurdle Date shall be reduced, if necessary, such that the total number of PSUs that are earned during the Performance Period shall be equal to 100% of the Target Award.

  • For each stock dividend that is paid during the Performance Period, (x) the First Hurdle Price, (y) the Second Hurdle Price and (z) the Closing Price, in each case, for each trading day during the Performance Period that is less than 365 days prior to the relevant ex-dividend date, shall be deemed to be divided by the sum of (a) one and (b) the percentage equal to the stock dividend.

  • If, on a given Hurdle Date, more than one Hurdle Price Level is achieved for the first time, then the number of PSUs that shall be earned on such Hurdle Date shall be equal to the product of (i) one-eighth (1/8) of the Target Award multiplied by (ii) the number of Hurdle Price Levels that are achieved for the first time on such Hurdle Date, rounded up to the nearest whole PSU.

  • Subtract $3 from all the numbers, so the Closing Price on that date would be deemed to have been $27, the First Hurdle Price would become $29.315 and the Second Hurdle Price would become $33.53.

  • The date or dates on which such criteria are achieved (which date or dates shall be the twentieth (20th) consecutive trading day on which such Hurdle Price Level is met) are the “Hurdle Date” or “Hurdle Dates.” ​ The Award will be forfeited in its entirety if the Closing Price fails to reach $35 over a consecutive twenty (20) trading day period during the Performance Period.


More Definitions of Hurdle Price

Hurdle Price means (x) prior to the time that both the new Valley Group and the High River Group have made investments in Shares equal to at least the First Stage Investment (the "First Stage Completion Date"), $35.50 per Share and (y) at all times from and after the First Stage Completion Date and prior to the Second Stage Completion Date, $31.00 per Share.
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Hurdle Price means 350p or as adjusted by the Committee in accordance with Rule 3.2 (Adjustments);
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Hurdle Price means a price per share of Class A Common Stock equal to one hundred twenty percent (120%) of the Conversion Price then in effect.
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Hurdle Price means $20.40, which is equal to one hundred and thirty-five percent (135%) of the Closing Price on the Grant Date.
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Hurdle Price as used herein shall mean the amount that is the average of the closing prices for a share of Sentry Common Stock on the 20 consecutive trading days ending on the trading date last preceding the first anniversary of the filing of this Certificate; provided, however, that in no event shall the Hurdle Price be less than $5.00 or more than $6.50, such that (x) if such average amount is less than $5.00 the Hurdle Price shall equal $5.00, and (y) if such average amount is more than $6.50 the Hurdle Price shall equal $6.50, subject to adjustment pursuant to paragraph 3 above. The "Closing Price" as used herein shall mean the average of the closing prices for a share of Common Stock on the twenty (20) consecutive trading days ending on the trading date last preceding an optional redemption date, the Mandatory Redemption Date (as defined below), the date of an event described in paragraph 4(a) A-6 above or the closing date of an Acquisition (as defined below), as the case may be, as reported on the National Association of Securities Dealers, Inc.'s Automated Quotations System ("Nasdaq") or if such closing prices shall not be reported on Nasdaq, the average of the closing prices, regular way, for a share of such security on the principal national securities exchange on which such security is listed on such twenty (20) consecutive trading days, or if such security is not listed on any national securities exchange, the average of the mean between the closing bid and asked prices of a share of such security on such twenty (20) consecutive trading days as reported, or if such prices shall not be so reported, as the same shall be reported by the National Quotation Bureau, Incorporated or, in all other cases, the value set in good faith by the Board.
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Hurdle Price means (x) prior to the time that both the New Valley Group
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Related to Hurdle Price

  • Closing Sale Price means, for any security as of any date, the last closing trade price for such security on the Principal Market, as reported by Bloomberg, or, if the Principal Market begins to operate on an extended hours basis and does not designate the closing trade price, then the last trade price of such security prior to 4:00:00 p.m., New York time, as reported by Bloomberg, or, if the Principal Market is not the principal securities exchange or trading market for such security, the last trade price of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or if the foregoing does not apply, the last trade price of such security in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no last trade price is reported for such security by Bloomberg, the average of the ask prices of any market makers for such security as reported in the “pink sheets” by OTC Markets Group Inc. (formerly Pink Sheets LLC). If the Closing Sale Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Closing Sale Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved in accordance with the procedures in Section 13. All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction during such period.

  • Sale Price means the value as determined by the Administrator of the consideration payable, or otherwise to be received by stockholders, per share of Stock pursuant to a Sale Event.

  • Make-Whole Price with respect to any Notes to be redeemed, means an amount equal to the greater of:

  • Cash sale price means the price of a good or service a retail buyer would pay if he or she paid for the good or service in cash, and that is stated in a retail installment contract or in a sales slip or other memorandum furnished by a retail seller to a retail buyer pursuant to a retail charge agreement for that good or service. The cash sale price may include any taxes and charges for delivery, installation, servicing, repairs, alterations, or improvements.

  • Minimum Sale Price means (i) with respect to a Receivable (x) that has become 60 to 210 days delinquent or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has been repossessed by the Servicer and has not yet been sold at auction, the greater of (A) 55% multiplied by the Principal Balance of such Receivable and (B) the product of the three month rolling average recovery rate (expressed as a percentage) for the Servicer in its liquidation of all receivables for which it acts as servicer, either pursuant to this Agreement or otherwise, multiplied by the Principal Balance of such Receivable or (ii) with respect to a Receivable (x) with respect to which the related Financed Vehicle has been repossessed by the Servicer and has been sold at auction and the Net Liquidation Proceeds for which have been deposited in the Collection Account, or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has not been repossessed by the Servicer despite the Servicer’s diligent efforts, consistent with its servicing obligations, to repossess the Financed Vehicle, $1.