ISG Shares definition
Examples of ISG Shares in a sentence
Through December 31, 2015, (i) Buyer and ISG will continue to operate and maintain Buyer as a separate wholly-owned subsidiary of ISG under the “STA Consulting” name; (ii) Buyer and ISG shall conduct and operate the Business in the ordinary course of business; (iii) neither ISG nor Buyer shall take any action the primary purpose of which is to reduce the opportunity of the Seller or the Partners to achieve the Earn-Out Payments or the vesting of the ISG Shares set forth in Section 2.08.
ISG shall have no further obligation to the recipient of such ISG Shares with respect to any ISG Shares so forfeited and cancelled.
The ISG Shares shall vest and no longer be subject to forfeiture if the Commercial ERP Revenue is at least $10,000,000 for a trailing 12-month period on or before December 31, 2015 (the “ERP Revenue Trigger”).
The ISG Shares are unvested and subject to the Forfeiture Restrictions.