Section 9 Event definition

Section 9 Event means the date upon which any of the following events occurs:
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Examples of Section 9 Event in a sentence

  • If the performance unit is not expressed as a fixed amount in dollars or shares, the Committee may provide in the performance unit agreement for the amount to be paid in the case of a Section 9 Event.

  • In addition, upon a Section 9 Event in which the shareholders of the Company exchange their shares for stock of any other company or other consideration, the Executive shall receive an amount equal to the per share price paid to the stockholders of the Company less the Pre-Announcement Price multiplied by 50,000.

  • Unless the agreement referred to in Section 6, or an amendment thereto, shall otherwise provide, notwithstanding any other provision contained in the Plan, if any Section 9 Event occurs prior to the scheduled lapse of all restrictions applicable to restricted share awards under the Plan, all such restrictions shall lapse upon the occurrence of any such Section 9 Event regardless of the scheduled lapse of such restrictions.

  • Upon such Section 9 Event, any of the Executive’s issued but unvested options (including the options described in this Agreement) shall vest immediately upon such Section 9 event.

  • Upon such Section 9 Event, any of the Executive's issued but unvested options (including the options described in this Agreement) shall vest immediately upon such Section 9 event.

  • In addition, upon such Section 9 Event the Executive shall receive an amount equal to the per share price paid to the stockholders of the Company less the Pre- Announcement Price multiplied by 125,000.

  • Subject to the provisions of Section 4 in the case of incentive stock options, unless the agreement referred to in Section 5(G), or an amendment thereto, shall otherwise provide, notwithstanding any other provision contained in the Plan, in case any Section 9 Event occurs all outstanding stock options shall become immediately and fully exercisable whether or not otherwise exercisable by their terms.

  • Unless the agreement referred to in Section 6(i), or an amendment thereto, shall otherwise provide, notwithstanding any other provision contained in the Plan, in case any Section 9 Event occurs all outstanding stock options (other than those held by a person referred to in the proviso to Section 9(a) (v) ) shall become immediately and fully exercisable whether or not otherwise exercisable by their terms.

  • If any "Section 9 Event" occurs prior to the end of any Performance Period, all performance units awarded with respect to such Performance Period (other than those held by a person referred to in the proviso to Section 9(a)(v)) shall be deemed to have been fully earned as of the date of such Section 9 Event, regardless of the attainment or nonattainment of the Performance Target or any Minimum Target, and shall be paid to the awardees thereof as promptly as practicable thereafter.

  • In terms of transfer modalities, two scenarios will also be considered: Scenario 1Implementation WITHOUT TRANSFERS.

Related to Section 9 Event

  • Acquisition Event means a merger or consolidation in which the Company is not the surviving entity, any transaction that results in the acquisition of all or substantially all of the Company’s outstanding Common Stock by a single person or entity or by a group of persons and/or entities acting in concert, or the sale or transfer of all or substantially all of the Company’s assets.

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Terminating Event means any of the following events:

  • Additional Disruption Event means any of Change in Law, Hedging Disruption and/or Increased Cost of Hedging.

  • Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.