Option Percentage definition

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

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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.

• 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.

• 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.

• Succession Option Percentage Transfer advisory privileges to designated Successor Advisor(s) Transfer Fund assets to CFU’s endowment established to help meet Utah’s most pressing needs Transfer Fund assets to another fund at CFU.

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 a percentage equal to the quotient of (a) the number of Company Ordinary Shares underlying all Company Options issued and outstanding immediately prior to the Effective Time divided by (b) the Fully Diluted Share Number. For the avoidance of doubt, the sum of the Option Percentage, the Ordinary Shares Percentage and the CVR Percentage shall equal 100%.

Option Percentage means the percentage notified as such by ninemsnCo (or its nominee) to Monster but not more than 50%.

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

Option Percentage shall be equal to: (a) CWA AUM Net Revenue divided by (b) the Company’s total revenue (which shall equal CWA AUM Net Revenue less revenues paid to CWA pursuant to the terms of the Support Services Agreement plus Other Revenue), minus (c) 50%; provided, however that the Option Percentage shall be a positive number. The Option Percentage shall be proportionately reduced by the amount of any dilution suffered by the Optionor after the date hereof (assuming the conversion and vesting of all outstanding equity of the Company and MGMT, including profits interests, into Membership Interests as of December 31, 2021 and the inclusion of any revenues relating thereto). By way of example, assume the following: (a) CWA Revenues equals $2,500,000 for the calendar quarter ending December 31, 2021 ($10,000,000 on an annualized basis), less $500,000 in revenues paid to CWA under the Support Services Agreement for such quarter ($2,000,000 on an annualized basis), (b) total revenue of the Company was $3,500,000 (including from converted profits interests) for such quarter ($14,000,000 on an annualized basis) and (c) subsequent grants of equity equal 5% of the Company’s Membership Interests. In such an event, the Optionees would have the right to acquire 4.29% of the Option Units, determined as follows: $10,000,000 in annualized CWA Revenue minus $2,000,000 in annualized revenue payments under the Support Services Agreement equals CWA AUM Net Revenue of $8,000,000. CWA AUM Net Revenue of $8,000,000 divided by $14,000,000 in total annualized revenues equals 0.5714 (57.14% when expressed as a percentage), which is further adjusted for the 5% dilution (0.95 multiplied by 0.5714 equals 0.5429 (54.29% when expressed as a percentage)) minus 0.5 (50% when expressed as a percentage) equals 0.0429 (4.29% when expressed as a percentage). The Option Percentage is then multiplied by the Option Units to determine the Units Subject to Purchase.

Option Percentage means the Option A Percentage, the Option B Percentage, the Option C Percentage, or the Option D Percentage, as applicable.]