Second Performance Hurdle means that Sponsor shall have received cash proceeds in respect of its shares of Common Stock held from time to time by Sponsor in an amount that equals $500,000,000 more than Sponsor’s cumulative invested capital in respect of its shares of Common Stock (which amount shall be deemed to be $75,000,000, plus any amounts invested after November 16, 2012 and through such date of determination).
Second Performance Hurdle means the Common Stock achieving an average closing stock price of at least $13.00 per share over 60 consecutive trading days on an Exchange.
Second Performance Hurdle means the receipt by Vestar of cash distributions that results in a multiple of investment that is equal to three times Vestar’s total Capital Contributions.
Examples of Second Performance Hurdle in a sentence
Satisfaction of the First Performance Hurdle, the Second Performance Hurdle and the Third Performance Hurdle• An additional, and final, one third of the Initial Holding will Vest with effect from the end of the Third Period (or, if the Third Performance Hurdle is met within 36 months of the Adoption Date, from the end of such 36 month period);• The Growth Share Amount applicable to such Vested B Ordinary Shares will be 3.33% of the Realisation Price less £5.1 million.
More Definitions of Second Performance Hurdle
Second Performance Hurdle means, that the Holdings Unitholders shall have received (i) on or prior to the first anniversary of the date of this Agreement, aggregate cash distributions pursuant to this Agreement equal to 221% of the aggregate Capital Contributions of such Unitholders, (ii) on or prior to the second anniversary of the date of this Agreement, aggregate cash distributions pursuant to this Agreement equal to 242% of the aggregate Capital Contributions of such Unitholders, (iii) on or prior to the third anniversary of the date of this Agreement, aggregate cash distributions pursuant to this Agreement equal to 263% of the aggregate Capital Contributions of such Unitholders, (iv) on or prior to the fourth anniversary of the date of this Agreement, aggregate cash distributions pursuant to this Agreement equal to 284% of the aggregate Capital Contributions of such Unitholders, (v) on or prior to the fifth anniversary of the date of this Agreement, aggregate cash distributions pursuant to this Agreement equal to 305% of the aggregate Capital Contributions of such Unitholders or (vi) at any time after the fifth anniversary of the date of this Agreement, aggregate cash distributions pursuant to this Agreement equal to an amount that would produce a Holdings IRR equal to or in excess of 25%.
Second Performance Hurdle means that the Target Holders shall have received (i) on or prior to the first anniversary of the date of this Agreement, aggregate distributions with respect to Class A Units equal to 200% of the aggregate Capital Contributions of Target Holders, (ii) on or prior to the second anniversary of the date of this Agreement, aggregate distributions with respect to Class A Units equal to 225% of the aggregate Capital Contributions of Target Holders, (iii) on or prior to the third anniversary of the date of this Agreement, aggregate distributions with respect to Class A Units equal to 250% of the aggregate Capital Contributions of Target Holders, (iv) on or prior to the fourth anniversary of the date of this Agreement, aggregate distributions with respect to Class A Units equal to 275% of the aggregate Capital Contributions of Target Holders, (v) on or prior to the fifth anniversary of the date of this Agreement, aggregate distributions with respect to Class A Units equal to 305% of the aggregate Capital Contributions of Target Holders or (vi) at any time after the fifth anniversary of the date of this Agreement, aggregate distributions with respect to Class A Units equal to an amount that would produce a Target Holders’ IRR equal to or in excess of 25%; it being understood that the terms contained in clauses (i) through (vi) of this definition shall remain constant and in effect throughout the periods indicated.
Second Performance Hurdle means that the Target Holders shall have received (i) aggregate distributions and proceeds (including proceeds of a sale of Units) with respect to their Class A Units and Class B Units, collectively, equal to 400% of the aggregate Capital Contributions of the Target Holders in respect of their Class A Units and Class B Units and (ii) aggregate distributions and proceeds (including proceeds of a sale of Units) with respect to their Class A Units and Class B Units, collectively, equal to an amount that would produce a Target Holders’ IRR equal to or in excess of 17%.
Second Performance Hurdle means that the Target Holders shall have received (i) on or prior to the first anniversary of the date of this Agreement, aggregate distributions (pursuant to this Agreement and the Dairy Holdings LLC Agreement) with respect to Combined Units equal to 200% of the aggregate Capital Contributions and Dairy Holdings LLC Capital Contributions of Target Holders, (ii) on or prior to the second anniversary of the date of this Agreement, aggregate distributions (pursuant to this Agreement and the Dairy Holdings LLC Agreement) with respect to Combined Units equal to 225% of the aggregate Capital Contributions and Dairy Holdings LLC Capital Contributions of Target Holders, (iii) on or prior to the third anniversary of the date of this Agreement, aggregate distributions (pursuant to this Agreement and the Dairy Holdings LLC Agreement) with respect to Combined Units equal to 250% of the aggregate Capital Contributions and Dairy Holdings LLC Capital Contributions of Target Holders, (iv) on or prior to the fourth anniversary of the date of this Agreement, aggregate distributions (pursuant to this Agreement and the Dairy Holdings LLC Agreement) with respect to Combined Units equal to 275% of the aggregate Capital Contributions and Dairy Holdings LLC Capital Contributions of Target Holders, (v) on or prior to the fifth anniversary of the date of this Agreement, aggregate distributions (pursuant to this Agreement and the Dairy Holdings LLC Agreement) with respect to Combined Units equal to 305% of the aggregate Capital Contributions and Dairy Holdings LLC Capital Contributions of Target Holders or (vi) at any time after the fifth anniversary of the date of this Agreement, aggregate distributions (pursuant to this Agreement and the Dairy Holdings LLC Agreement) with respect to Combined Units equal to an amount that would produce a Target Holders' IRR equal to or in excess of 25%; it being understood that the terms contained in clauses (i) through (vi) of this definition shall remain constant and in effect throughout the periods indicated.
Second Performance Hurdle means the Common Stock achieving an average closing stock price of at least $8.00 per share over 60 consecutive trading days on an Exchange.
Second Performance Hurdle means that the Target Holders shall have received (i) aggregate distributions and proceeds (including proceeds of a sale of Units) with respect to their Class A Units and Class B Units, collectively, equal to 400% of the aggregate Capital Contributions of the Target Holders and (ii) aggregate distributions and proceeds (including proceeds of a sale of Units) with respect to their Class A Units and Class B Units, collectively, equal to an amount that would produce a Target Holders' IRR equal to or in excess of 17%.
Second Performance Hurdle means the Common Stock achieving an average closing stock price of at least $13.00 per share over60 consecutive trading days on an Exchange.