Ownership Requirement definition

Ownership Requirement means that the Purchaser continues to beneficially own at all times all those shares of Preferred Stock acquired at the Closing.

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Ownership Requirement means the requirement in effect as of the Amendment Date of each Director to hold at least five times the Annual Board Retainer in value of Stock and/or Common Stock Equivalents by the fifth anniversary of the date a Director joins the Board of Directors (or for a Director serving on the Board as of the Amendment Date, by the fifth anniversary of the Amendment Date); provided that once a Director meets such requirement, subsequent changes alone in the Fair Market Value of the Stock shall not cause the requirement to become unsatisfied with respect to that Director.

Ownership Requirement means the requirement of each Director to hold, while serving as a Director, at least $250,000 in value of Stock and/or Common Stock Equivalents; provided that once a Director meets such requirement, subsequent changes alone in the Fair Market Value of the Stock shall not cause the requirement to become unsatisfied with respect to that Director.

Examples of Ownership Requirement in a sentence

• The Committee expects that Executive will make reasonable progress toward Executive’s Stock Ownership Requirement.

• This agreement will automatically terminate and be of no force and effect when the Substantial Ownership Requirement is no longer met.

• Until the applicable Stock Ownership Requirement is achieved, Employee is encouraged to retain the net shares obtained through the Company’s stock incentive plans.

• Failure to satisfy the Stock Ownership Requirement may impact Employee’s eligibility to receive future cash and equity incentive compensation awards.

• Performance awards held by Employee will count towards the Stock Ownership Requirement at the target level of such awards until settled.

• Under the Executive Stock Ownership Policy, Executive will have until four years from the Effective Date to comply with the Stock Ownership Requirement.

• The General Partner may in its sole discretion resolve any question regarding the satisfaction of the Minimum Retained Ownership Requirement or the application of the provisions of this 8.12, including the calculation of Units received and Units held with respect to Service Providers that hold direct and indirect interests in Units.

• The Stock Ownership Requirement shall be measured on April 1 of each year beginning in 2019.

• To the extent Employee falls below the Stock Ownership Requirement after April 1, 2019, Employee will be required to retain 100% of the net shares obtained through the Company’s stock incentive plans until the Stock Ownership Requirement is met.

• In the event of a drop in the share price of the Stock from the beginning of each fiscal year through the end of such year commencing with fiscal year 2018 and for each fiscal year thereafter of more than twenty-five percent (25%), Employee will be entitled to an additional twelve month period commencing on April 1 of the next year to comply with the Stock Ownership Requirement.

More Definitions of Ownership Requirement

Ownership Requirement means (i) with respect to ▇▇▇▇▇, (A) more than fifty percent (50% ) of the total beneficial interests in ▇▇▇▇▇ are owned, directly or indirectly, by one (1) or more lineal descendants of ▇▇▇▇▇ ▇. ▇▇▇▇▇ (the "▇▇▇▇▇ Descendants") and (B) the ▇▇▇▇▇ Descendants have the right, directly or indirectly, to appoint and replace the individual(s) that manage ▇▇▇▇▇; and (ii) with respect to Limoneira, (A) more than fifty percent (50%) of the total beneficial interests in Limoneira are owned, directly or indirectly, by LIMCO, and (B) only LIMCO has the right to appoint and replace the individual(s) that manage Limoneira.

Ownership Requirement is defined in Section 1.10(b)(vi) hereof.

Ownership Requirement shall have the meaning ascribed to it in Section 5.12(b).