Second Release Amount definition

Second Release Amount means the number of shares of STAFFMARK Stock equal to the product of: (x) twenty percent (20%) times (y) the share amount equal to (A) all of the shares of the STAFFMARK Stock issued to the STOCKHOLDERS who are Stockholder Affiliates pursuant to the Merger that are then beneficially owned by the STOCKHOLDERS who are Stockholder Affiliates as of the Second Release Date less (B) the aggregate number of shares of STAFFMARK Stock comprising a portion of the First Release Amount that is attributable to the STOCKHOLDERS who are Stockholder Affiliates."
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Second Release Amount has the meaning set forth in Section 8.5(b).
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Second Release Amount means a dollar amount equal to the least of (A) the Second SEC Event Amount, if applicable, (B) the Second Non-SEC Event Amount, if applicable, (C) the Second Maximum Amount and (D) the dollar amount available in the Holder's Master Restricted Account.
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Examples of Second Release Amount in a sentence

  • Promptly after its receipt of the Option Holder Second Release Funds, the Surviving Corporation shall distribute to each Option Holder an amount in cash equal to (y) Second Release Amount multiplied by (z) each such Option Holder’s Escrow Percentage, less any applicable withholding.

  • The Holder and Company shall then, as soon as commercially practicable, and in accordance with the Deposit Control Agreement, cause the Initial Release Amount, Second Release Amount or Successive Release Amount, as applicable, to be released from the Deposit Control Account and be deposited into a bank account specified in writing by the Company in the Deposit Control Agreement.

  • Promptly after its receipt of the Selling Stockholder Second Release Funds, the Stockholders’ Representative shall distribute to Selling Stockholder an amount in cash equal to (y) the Second Release Amount multiplied by (z) each such Selling Stockholder’s Escrow Percentage, less any applicable withholding.

  • The total amount of the Second Release Amount received by the Stockholders’ Representative is hereinafter referred to as the “Selling Stockholder Second Release Funds.” The total amount of the Second Release Amount received by the Surviving Corporation is hereinafter referred to as the “Option Holder Second Release Funds”.

  • In the event that Purchaser fails to deliver such written notice on or prior to such date, then this Agreement shall thereupon be deemed terminated whereupon the Deposit and all interest thereon shall be returned to Purchaser (with the exception of the First Release Amount and the Second Release Amount, which shall be retained by Seller), and the parties shall be released from all further obligations under this Agreement.

  • On each Release Date, the Company shall determine the amount of cash, if any, that it will draw from the Initial Release Amount, Second Release Amount or Successive Release Amount, respectively.

  • The Escrow Agent shall distribute the Carveout Plan Portion of the Second Release Amount, as set forth on the Payment Schedule, to Parent for the benefit of the Carveout Plan Participants (net of income and employment tax withholding).


More Definitions of Second Release Amount

Second Release Amount shall have the meaning set forth in Section 9(b).
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Second Release Amount is defined in Section 14.5(d)(4).
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Second Release Amount has the meaning ascribed thereto in Section 2.6.
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Second Release Amount shall have the meaning ascribed to such term in the Debentures.
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Second Release Amount. Section 7.7.2
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Second Release Amount shall be an amount equal to:
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Related to Second Release Amount

  • Release Amount means, for a Property, the following applicable amount together with any other amounts specified in Section 2.4.4:

  • Earned release means earned release from confinement as

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Waiver and Release means the Waiver and Release attached hereto as Exhibit A.

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit A (as the same may be revised from time to time by the Company upon the advice of counsel).

  • Severance Amount means (A) for any Termination other than during a Covered Period, an amount equal to one hundred percent (100%) of Executive’s then-current Annual Base Salary as of the respective Termination; or (B) for a Termination during a Covered Period, an amount equal to two hundred percent (200%) of Executive’s Base Compensation as of the respective Termination.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Release Deadline means the deadline prescribed by Employer for the execution of the general release described in this paragraph (d)(2) of Section 7, which deadline shall in no event be later than 60 days following the date Executive’s employment terminates;

  • Release Agreement means an agreement, substantially in a form approved by the Company, pursuant to which Executive releases all current or future claims, known or unknown, arising on or before the date of the release against the Company, its subsidiaries and its officers.

  • Pre-Release shall have the meaning set forth in Section 2.09.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Stage Payment Statement shall have the meaning set forth in Clause 19.4; “Structures” means an elevated road or a flyover, as the case may be;

  • Severance Costs means the costs which the employers are legally obliged to pay to or in respect of the Crew as a result of the early termination of any employment contract for service on the Vessel.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • Collateral Release Period means, each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • General Release has the meaning stated in Section 6.03.

  • Release Period means the period specified in paragraph 3(d) of the letter of consent.

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • emission allowance means a financial instrument as defined in point (11) of Section C of Annex I of Directive [new MiFID].

  • Principal Relocation Payment A payment from any Loan Group to REMIC 1 Regular Interests other than those of their corresponding Loan Group as provided in the Preliminary Statement. Principal Relocation Payments shall be made of principal allocations comprising the Principal Amount from a Loan Group.

  • Severance Date means the date on which an Executive incurs a Severance, which shall be the date of termination as determined under Section 5.2.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.