Residual Equity Value definition

Residual Equity Value means (a) $20,000,000, minus (b) the dollar amount by which the Company Net Cash is less than the Target Net Cash, minus (c) the Company Warrantholder Payout.

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Residual Equity Value means (a) $24,552,180 minus (b) the dollar amount by which the Company Net Cash Shortfall is more than $2,627,527, minus (c) the Company Warrantholder Stock Payout.”

Residual Equity Value. (a) in the case of a Company Sale, the aggregate net amount (including cash, non-cash and any deferred payout amounts) available for distribution to the issued and outstanding Equity (on a Fully Diluted Basis), after the payment of all fees and expenses of the Company incurred in connection with such sale, (b) in the case of an IPO and IPO Exit Transaction, the valuation of the Company's Equity implied in the public offering, after giving effect to the shares issued in such IPO, and (c) in the case of a termination of Employment, Fair Market Value of the issued and outstanding Equity (on a Fully Diluted Basis) as of the last day of the last fiscal quarter ending immediately prior to the occurrence of such termination of Employment.

Examples of Residual Equity Value in a sentence

Upon the occurrence of a Payment Event resulting from a Company Sale, an IPO Exit Transaction or an IPO, Executive shall be entitled to receive an amount equal to the Vested Percentage of the Applicable Percentage of the Residual Equity Value (the "Phantom Equity Payment").
Annex A is provided solely for purposes of illustrating the method of calculation and apportionment of the Residual Equity Value and the exchange of the Residual Equity Value for Units described in Section 3.
A portion of the Residual Equity Value of certain of the Existing Members will be redeemed for cash as provided in Article 4.
Following the redemption of a portion of the Current Interests, each of the Existing Members shall receive in exchange for all of its remaining Current Interests in Linn Energy, a number of newly-issued Units equal to the Residual Equity Value Allocation of such Existing Member, adjusted as provided in Section 3.3, divided by the Market Price.
The amount of the funds available to be paid out to the Plan participants will increase as a percentage of the Residual Equity Value as the Residual Equity Value increases.
The amount distributed to each Existing Member pursuant to Article 4 will reduce the Residual Equity Value Allocation of such Existing Member by such amount.
Annex B is provided solely for purposes of illustrating the method of calculation and allocation of the Residual Equity Value and the exchange of the Residual Equity Value for Common Units and Subordinated Units described in Section 3.04.
These amounts will equal: 8% of any Residual Equity Value between $0 and $100 million; 10% of any Residual Equity Value greater than $100 million but less than $200 million; and 12% of any Residual Equity Value greater than $200 million.
Subject to Section 2.5, immediately prior to the Effective Time, a number of fully vested Units having a Fair Market Value equal to the Residual Equity Value shall be granted to a group of employees in accordance with the determination of the Compensation Committee of the Company Board after consultation with the Chief Executive Officer of the Company (each such Unit, a “Residual Unit”).

More Definitions of Residual Equity Value

Residual Equity Value. Residual Equity Value” shall mean (a) $25,198,290 minus (b) the dollar amount by which the Company Net Cash Shortfall is more than $6,340,566, minus (c) the Company Warrantholder Stock Payout.”

Residual Equity Value has the meaning set forth in the Management Equity Plan.

Residual Equity Value. Residual Equity Value” shall mean (a) $24,552,180 minus (b) the dollar amount by which the Company Net Cash Shortfall is more than $2,627,527, minus (c) the Company Warrantholder Stock Payout.”

Residual Equity Value means, following a Qualified Event, the fair market value, as determined by the Board acting in good faith, of the Investor Funds’ (i) residual equity interest in the Company and its Subsidiaries (if any) and (ii) any other equity interests (whether or not marketable) received by the Investor Funds’ as consideration for such Investor Fund’s equity interests in the Company and its Subsidiaries.

Residual Equity Value means the amount determined as provided in Section 3.2(a).

Residual Equity Value means the number of Common Units and Subordinated Units comprising the Residual Equity (as reflected in the final prospectus included in the Registration Statement) multiplied by the Market Price.