Examples of Initial Reserve Amount in a sentence
The Initial Reserve Amount and each increase in the number of shares so reserved shall be allocated pro rata among the holders of the Notes based on the original principal amount of the Notes held by each holder on the Closing Date (the “Authorized Share Allocation”).
The Initial Reserve Amount shall be equal to that number of shares of Common Stock that, as of the IPO Date, is reserved under the Company's 1995 Equity Incentive Plan and 1997 Equity Incentive Plan and has not been reserved for outstanding stock awards under such plans or issued under such plans.
Subject to the provisions of Section 12 relating to adjustments upon changes in Common Stock, the Common Stock that may be issued pursuant to Stock Awards shall not exceed in the aggregate the initial reserve amount set forth below (the "Initial Reserve Amount"), plus an annual increase to be added each January 1, beginning January 1, 2001, equal to four percent (4.0%) of the total number of shares of Common Stock outstanding on such January 1.
Prior to the Stepdown Date, the Reserve Amount Target will initially be equal to 0.05%, or the Initial Reserve Amount, and build to be equal to 5.00% of the Cut-off Date pool balance.
The Initial Reserve Amount may be adjusted by SynapseFI from time to time based on our due diligence and risk assessments or upon request from Bank.