Examples of Target Equity Amount in a sentence
In lieu of any future annual equity grants, your Target Equity Amount will be granted to you in the form of a cash award on March 15th of the applicable year during the period of your employment with the Company, rather than in the form of an equity award (each, a “Cash Award”).
Beginning in 2024 and for each subsequent calendar year thereafter during the period of your employment with the Company, in lieu of all future annual equity grants, you will be granted a Cash Award with a value equal to the applicable Target Equity Amount on March 15 of the applicable year (each, a “Future Award”), subject to your continued active employment in good standing on the grant date.
Upon calculation of the Estimated Closing Date Equity, the parties shall calculate the difference, if any, between the Estimated Closing Date Equity and the Target Equity Amount and if the Estimated Closing Date Equity exceeds the Target Equity Amount, the Estimated Purchase Price shall be increased by the amount of such difference and if the Target Equity Amount exceeds the Estimated Closing Date Equity the Estimated Purchase Price shall be decreased by the amount of such difference.
Notwithstanding anything to the contrary in Section 2(d) of the Employment Agreement regarding the applicable form of equity awards, in lieu of any future annual equity grants, your Target Equity Amount will be granted to you in the form of a cash award on March 15th of the applicable year during the period of your employment with the Company, rather than in the form of an equity award (each, a “Cash Award”).
I.A., Igumnov, L.A.: Vvedenie v kontinualnuyu mehaniku povrezhdennoy sredy (in Russ.).
For purposes hereof, the "Estimated Purchase Price" shall be an amount equal to (i) the Base Amount, minus (ii) the Real Estate Purchase Price and minus (iii) the Estimated SAR Payment Amount (as defined below), and adjusted by (iv) the difference between the Target Equity Amount and an estimate of the Closing Date Shareholders' Equity (the "Estimated Closing Date Equity").
For purposes of this Addendum, “Target Equity Amount” means (i) $318,750 for the Retention Period beginning March 16, 2023; (ii) $334,687.50 for the Retention Period beginning March 16, 2024; (iii) $351,421.88 for the Retention Period beginning March 16, 2025; and (iv) for each Retention Period thereafter, an amount equal to 105% of the Target Equity Amount for the immediately preceding Retention Period.
Beginning in 2024 and for each subsequent calendar year thereafter during the period of your employment with the Company, in lieu of all future annual equity grants, you will be granted a Cash Award with a value equal to the Target Equity Amount on March 15 of the applicable year (each, a “Future Award”), subject to your continued employment on the grant date.
Each such pro forma Pre-Closing Balance Sheet shall be prepared in the same manner and on a basis consistent with the methodologies set forth below for the preparation of the Pre-Closing Balance Sheet and the calculation of the Target Equity Amount.