Examples of Second Valuation Date in a sentence
If at any point during the Second Valuation Period, the Two-Year Anniversary Shares are worth more than $5,299,008, as measured on the highest valuation point during the First Valuation Period, Consultant will return to Holdings within 60 days of the Second Valuation Date, a number of Consultant Shares sufficient to yield an overall value retained by Consultant with respect to the Two-Year Anniversary Shares of $5,299,008, as measured on the highest valuation point during the First Valuation Period.
Second Valuation of Units: The SAR Pool will be valued on the Second Valuation Date and the total value of the SAR Pool will equal (x) the sum of thirteen (13) times Earnings, (y) multiplied by ten percent (10%).
In the event of a proper Unit Deferral Election, the Eligible Employee will continue to hold the Units granted to the Eligible Employee and no amounts will be credited to the Eligible Employee's Deferred Unit Account until the earlier of the Second Valuation Date or the Eligible Employee's termination of employment, as provided below.
Second Valuation Date: Units held by an Eligible Employee who made a Unit Deferral Election and who is an employee, director or advisor of the Company on the Second Valuation Date will be revalued on the Second Valuation Date.
The foregoing Section 5.5 shall be null and void with respect to any Consultant Shares that are held by a person or entity that sells, transfers or pledges: (i) any of such person’s or entity’s One-Year Anniversary Shares prior to the First Valuation Date; (ii) any of such person’s or entity’s Two-Year Anniversary Shares prior to the Second Valuation Date; or (iii) any of such person’s or entity’s Final Shares prior to the Second Valuation Date (the “Second Valuation Date Excluded Shares”).