Examples of Purchaser Earnout RSUs in a sentence
In the event that any member of the Plus Products Management ceases to be engaged as a full or part-time employee or consultant by, or ceases to provide services to, the Plus Group up to the Closing Date or will not be engaged as a full or part-time employee or consultant by the Purchaser on the Closing Date, their allotment of Purchaser Incentive RSUs and Purchaser Earnout RSUs shall be distributed to the remaining members of the Plus Products Management, pro rata, as applicable.
The Purchaser Earnout RSUs and the Purchaser Incentive RSUs shall be awarded and delivered to the Company on the Closing Date in connection with Closing, and each will be distributed to the Plus Products Management pro rata based on the number of Existing Company Securities owned by each of the members of the Plus Products Management, subject to the terms of such Purchaser Earnout RSUs and Purchaser Incentive RSUs as set forth under the Acquisition Agreement.
Members of the Plus Products Management are only entitled to receive their share of the Purchaser Incentive RSUs and Purchaser Earnout RSUs if such member remains engaged as a full or part-time employee or consultant by the Plus Group and continues to provide services to the Plus Group up to the Closing Date.
We maintained the same quality control over prints from both captive and free-ranging tigers.
If the service of the holder of a Purchaser Earnout RSUs terminates before the RSU Performance Milestones have been satisfied, then the portion of the Purchaser Earnout RSUs for which the service-based vesting conditions have been satisfied (taking in account any acceleration provisions) shall remain outstanding and eligible to vest upon achievement of the applicable RSU Performance Milestone.
If any RSU Performance Milestone fails to be satisfied by the end of the Earnout Period, then the Purchaser Earnout RSUs corresponding to such RSU Performance Milestone shall be forfeited and cancelled without payment as of the end of the Earnout Period.
Any Purchaser Earnout RSUs for which the service-based vested conditions have not been satisfied as of such termination of service (taking in account any acceleration provisions) shall be forfeited and cancelled without payment.
Continued service is not a vesting condition for the Purchaser Earnout RSUs. To the extent Purchaser Earnout RSUs become vested, the vested portion of the Purchaser Earnout RSUs shall be settled in Purchaser Common Shares within 30 days after the date on which such Purchaser Earnout RSUs vested.
To the extent the option is exercised, each underwriter will be committed, so long as the conditions of the underwriting agreement are satisfied, to purchase a number of additional shares proportionate to that underwriter’s initial commitment as indicated in the table at the beginning of this section.
For example, if CPG Revenue equals US$18,000,000, 50% of the Purchaser Earnout RSUs shall be vested.