Examples of Minimum Share Price in a sentence
If Participant experiences a Qualifying Termination on or following a Change in Control that is not aNon-Transactional Change in Control, then any PSUs that are Earned CIC PSUs as of such Qualifying Termination (if any) shall vest as of the date of such Qualifying Termination (without regard to the Minimum Share Price Goal (as defined in Exhibit B)).
As of the Three-Month Anniversary, a number of the Earned Qualifying Termination PSUs, if any, shall vest in an amount equal to the lesser of (i) such number of Earned Qualifying Termination PSUs, if any, and (ii) the number of Target PSUs. Any Earned Qualifying Termination PSUs that do not vest in accordance with the foregoing sentence shall remain outstanding and eligible to vest on the Expiration Date, subject to the attainment of the Minimum Share Price Goal (determined in accordance with Exhibit B).
The consolidation was implemented on April 17, 2007 upon a determination by the Board of Directors that the consolidation was in the best interests of the Company and its shareholders, taking into account, among other things, the NASDAQ Capital Market Minimum Share Price Requirements.
In the event that Executive sells the Applicable Shares upon a Change in Control, the Company will pay Executive on the six (6)-month anniversary of the date of the Change in Control a bonus equal to the amount, if any, by which (i) the product of (A) the number of Applicable Shares and (B) the Minimum Share Price as of the Change in Control date exceeds (ii) the actual gross proceeds from the sale of the Applicable Shares.
Once the Service Condition has been satisfied or deemed satisfied, or the Minimum Share Price Condition has been satisfied, the other condition must still be satisfied (or deemed satisfied), in whole or in part, in accordance with the terms of this Agreement before the Participant becomes entitled to receive settlement of any part of the PSUs.