First Anniversary means the first anniversary of the Closing Date.
CONTRACT ANNIVERSARY The anniversary of the Contract Date.
Anniversary Each anniversary of the Cut-off Date.
Relevant Anniversary See "Bankruptcy Loss Amount."
Policy Anniversary means the annual anniversary of the Date of Commencement of Risk;
Applicable Anniversary of the Commencement Date means the fifth (5th) anniversary of the Commencement Date.
Initial Vesting Date means the date occurring one (1) year after the Date of Option Grant.
Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.
Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.
Anniversary Date means each anniversary of the Closing Date.
Grant Date means the date on which the Committee adopts a resolution, or takes other appropriate action, expressly granting an Award to a Participant that specifies the key terms and conditions of the Award or, if a later date is set forth in such resolution, then such date as is set forth in such resolution.
Call Option Date As defined in Section 10.01(a) hereof.
Base Date means a date 30 day prior to the submission of tenders.
Option Expiration Date means the last day of the maximum term of an Option.
Month means calendar month.
Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.
FIFTH The Corporation is to have perpetual existence.
Liquidity Event means a Change of Control or an IPO.
Fair Market Value Per Share means as of any date the fair market value of each of the Shares on such date (the "applicable date") as determined by the Option Committee in good faith. The Option Committee is authorized to make its determination as to the fair market value on the following basis: (i) if the Shares are not traded on a securities exchange and are not quoted on the National Association of Securities Dealers, Inc.'s Automated Quotation System ("NASDAQ"), but are quoted on the Over The Counter Electronic Bulletin Board operated by NASDAQ, "Fair Market Value per Share" shall be the mean between the average daily bid and average daily asked prices of the Shares on the applicable date, as published on such bulletin board; (ii) if the Shares are not traded on a securities exchange and are quoted on NASDAQ, "Fair Market Value per Share" shall be the closing transaction price of the Shares on the applicable date, as reported on NASDAQ; (iii) if the Shares are traded on a securities exchange, "Fair Market Value per Share" shall be the daily closing price of the Shares, on such securities exchange as of the applicable date; or (iv) if the Shares are traded other than as described in (i), (ii) or (iii) above, or if the Shares are not publicly traded, "Fair Market Value per Share" shall be the value determined by the Option Committee in good faith based upon the fair market value as determined by completely independent and well qualified experts. In the case of Shares described in (i), (ii) or (iii) above, if no prices are reported for the Shares on the applicable date, the "Fair Market Value per Share" shall be the price reported for such Shares on the next preceding date on which there were reported prices.
TENTH The Board of Directors, by resolution passed by a majority of the whole Board, may designate any of their number to constitute an Executive Committee, which Committee, to the extent provided in said resolution, or in the By-Laws of the Company, shall have and may exercise all of the powers of the Board of Directors in the management of the business and affairs of the Corporation, and shall have power to authorize the seal of the Corporation to be affixed to all papers which may require it.
Vested Portion means, at any time, the portion of an Option which has become vested, as described in Section 3 of this Agreement.
Expiration Date shall have the meaning set forth in Section 7(a) hereof.
Date of Grant means the date on which the granting of an Award is authorized, or such other date as may be specified in such authorization.
Vesting Date has the meaning set forth in Section 3.10(c)(ii).
Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.