Examples of Quarterly Installment Date in a sentence
Each such quarterly installment of accrued and unpaid interest shall be paid on or before the Quarterly Installment Date.
On each Quarterly Installment Date, the Borrower shall pay to the Holder an amount equal to the Interest Installment Amount due on such Quarterly Installment Date in cash or, provided there has been no Stock Payment Conditions Failure, in shares of Common Stock (or any combination of the foregoing), in accordance with the provisions of Article III.
Provided the Participant is providing continuous Service on each applicable date, the Service-Based Requirement will be satisfied as to the applicable percentage of the total number of RSUs granted on the applicable Quarterly Installment Date set forth in the Vesting Schedule in the Grant Notice.
Provided Participant is in Continuous Service Status on each applicable date, the Time and Service Based Requirement will be satisfied as to (i) twenty-five percent (25%) of the Total Number of RSUs (as set forth above) subject to this award on the one (1) year anniversary of the Vesting Start Date (the “Anniversary Date”), and (ii) 1/16th of the Total Number of RSUs on each subsequent Quarterly Installment Date.
Settlement of the RSUs will be conditioned on the satisfaction of a single vesting requirement known as a “Time-Based Requirement.” The Time-Based Requirement will be satisfied at the rate of 100% vesting of the RSUs granted, upon May 15, 2025 (with settlement to occur on the Company’s May 25, 2025 Quarterly Installment Date).