Option Percentage definition

Option Percentage has the meaning set forth in Section 6.2(g)(ii).

Option Percentage means the amount determined annually by the Committee pursuant to Section 6.1.

Option Percentage is the Option Amount divided by the death benefit.

Examples of Option Percentage in a sentence

• The Transferor shall also have the option of increasing, reducing or withdrawing the Discount Option Percentage, at any time and from time to time, without notice to or the consent of any Noteholder, on or after such Discount Option Date.

• Discount Option Receivables created on any Date of Processing shall mean the product of the amount of any Receivables created on such Date of Processing and the applicable Discount Option Percentage.

• The Option Percentage is the percentage of the Forward Underwriting Cover Amount that may be exercised to buy cover upon the occurrence of certain ‘Business Events’, ‘Personal Events’ or ‘Other Events’.

• Univision's Option Percentage shall also proportionately increase upon purchase by the Company of any Class A Non-Managing Membership Units outstanding on the Effective Date or the non-issuance of any Class A Non- Managing Membership Units contemplated to be issued in the Reorganization which are not so issued.

• For purposes of this Section 3.3, "Proportionate Amount" means a principal amount determined by multiplying (i) the amount to be raised by the Company by (ii) Univision's then existing Option Percentage.

More Definitions of Option Percentage

Option Percentage for any Option Holder means the quotient of (a) the Option Cancellation Payment for such Option Holder divided by (b) the Total Proceeds.

Option Percentage means (i) if the Triggering Event giving rise to the exercise of the Option shall have occurred as a result of the $10,662,000 Termination Amount provided for in Section 8.3 of the Merger Agreement becoming payable, 9.9% and, (ii) if the Triggering Event giving rise to the exercise of the Option shall have occurred as a result of the $42,648,000 Termination Amount provided for in Section 8.3 of the Merger Agreement becoming payable, 19.9%

Option Percentage means the quotient (expressed as a percentage) obtained by dividing (a) the aggregate number of shares of Company Common Stock issuable upon exercise of all Options that are outstanding as of immediately prior to the Effective Time by (b) the Fully Diluted Share Number.

Option Percentage means the percentage equivalent of a fraction, determined immediately prior to the Closing hereunder, the numerator of which is the aggregate amount of outstanding Options and the denominator of which is the aggregate amount of outstanding Shares and Options.

Option Percentage means, for each Participant, a fraction, the numerator of which is equal to the number of shares of Stock subject to New Management Options granted to such Participant under the Incentive Plan, and the denominator of which is equal to the number of shares of Stock in the New Management Option Pool.

Option Percentage has the meaning ascribed thereto in Section 8.1(a).

Option Percentage is defined in the definition of “Buyer Option Assigned Royalty Payments.”