IRR Release Date definition

IRR Release Date means that date on or after the occurrence of an IRR Liquidity Event at which the Investors shall have received the Minimum Required Internal Rate of Return on that portion of the Preferred Stock (or the Common Stock into which such shares have been converted) which has been Transferred by the Investors cumulatively to and including the date on which the IRR Release Date occurs.
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IRR Release Date with respect to any Management Stockholder, shall have the meaning ascribed to it in the Restricted Stock Agreement to which such Management Stockholder is a party.
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IRR Release Date shall have the meaning given to such term in the Restricted Stock Agreement.
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Examples of IRR Release Date in a sentence

  • The Management Stockholder may elect by written notice to the Company to Forfeit such portion of such Management Stockholder’s shares of Restricted Stock, which, together with any such shares elected to be so Forfeited by other Management Members, are sufficient to cause the IRR Release Date to occur.

  • Upon the IRR Release Date, the Released Shares shall be fully transferable by the Management Stockholder (provided that shares then subject to Forfeiture pursuant to Section 2(f) or (g) may not be Transferred other than pursuant to Section 2(f) or (g)), except as otherwise provided in the Stockholders Agreement or in any other contract then in effect entered into by the Management Stockholder which restricts transferability of shares by the Management Stockholder or as otherwise required by law.

  • In the event of any voluntary or involuntary liquidation, dissolution, winding up, sale or merger of the Corporation occurring before the IRR Release Date (as defined in the Restricted Stock Agreement, dated as of June 17, 2004, between the Corporation and Timothy J.

Related to IRR Release Date

  • Release Date means the date on which the Initial Shares are disbursed from escrow pursuant to Section 3 of that certain Stock Escrow Agreement dated as of the date hereof by and among the Investors and Continental Stock Transfer & Trust Company.

  • Escrow Release Date has the meaning set forth in Section 9.6.

  • Collateral Release Date shall have the meaning provided in Section 10.15(d).

  • Restriction Release Date means such date, after the Effective Date, that the Board of Directors determines in good faith that it is in the best interests of the Corporation and its stockholders for the transfer restrictions set forth in this Article 4 to terminate.

  • Collateral Release Period means each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Escrow Release Conditions means, collectively, the conditions set forth in Section 4.3.

  • Release Effective Date means the date the Release becomes effective and irrevocable.

  • Current Release means the latest version of the Software offered for general commercial distribution at a given point in time, including all New Releases.

  • Major Release means a major update or upgrade to the Software, which includes significant enhancements and/or a major redesign of the Software, identified by Bosch by a change to the first digit in the release number (e.g. change from version 2.0 to 3.0).

  • Lease Termination Date means the last day of the Lease Term.

  • Closing Press Release has the meaning set forth in Section 5.4(b).

  • Release Amount means, for a Property, the following applicable amount together with any other amounts specified in Section 2.4.4:

  • Minor Release means a minor update or upgrade to the Software (including service releases or bug fixes), identified by Bosch by a change in the second or following digit in the release number (e.g. change from version 2.1 to 2.2 or 2.2.1 to 2.2.2.).

  • Pre-Release shall have the meaning set forth in Section 2.09.

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Release Deadline means the deadline prescribed by Employer for the execution of the general release described in this paragraph (d)(2) of Section 7, which deadline shall in no event be later than 60 days following the date Executive’s employment terminates;

  • Rollover Notification Date shall be defined as set forth in the Prospectus under "Summary of Essential Information."

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit A (as the same may be revised from time to time by the Company upon the advice of counsel).

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Debtor Release means the release given on behalf of the Debtors and their Estates to the Released Parties as set forth in Article VIII.D of the Plan.

  • Release Event has the meaning set forth in Section 6(b).

  • Lock-up Period means the period beginning on the date hereof and continuing through the close of trading on the date that is 90 days after the date of the Prospectus (as defined in the Underwriting Agreement).

  • Release Period means the period specified in paragraph 3(d) of the letter of consent.

  • Opt-Out Date means the date by which Settlement Class Members must mail their requests to be excluded from the Settlement Class for that request to be effective. The postmark date shall constitute evidence of the date of mailing for these purposes.

  • Release Time The following procedures shall apply for release time: