Three Year Anniversary definition
Examples of Three Year Anniversary in a sentence
Alternatively, Advance MII Payment on or before Three Year Anniversary Date.
After such request and payment of amounts to Aon as may be affected under this Section 3(d)(i), any balance remaining in the Credit Bank Account will continue to be subject to the applicable terms and conditions set forth in either Section 3(d)(i) or (ii), depending on whether a Three Year Anniversary Trigger has then occurred.
Upon the occurrence of the Three Year Anniversary Trigger, regardless of whether the Cash Flow Trigger has occurred, Aon shall have the right to demand quarterly cash payment of the amounts in the Credit Bank Account in accordance with the provisions of Section 3(d)(ii), and the Threshold and Cap restrictions shall no longer apply.
If prior to the occurrence of the earlier to occur of a Cash Flow Trigger or a Three Year Anniversary Trigger, Textura management is awarded cash compensation other than such non-discretionary amounts of base salary that such management is eligible to receive pursuant to their employment contracts, and during the twelve months ending immediately prior to such cash compensation being awarded Referrals have generated over $5 million in Revenue.
For example purposes only and without limitation, if there shall be 125,000 MII Ounces then the payment on or before the Three Year Anniversary Date shall be US$1.25 million.
Irrespective of the occurrence of a Cash Flow Trigger or a Three Year Anniversary Trigger, within one hundred eighty (180) calendar days after the termination or expiration of this Agreement, Textura shall pay Aon without any request thereof required by Aon an amount equal to all amounts in the Credit Bank Account.
None of the provisions of this Section 3(d)(i), including without limitation the Cash Flow Trigger, Three Year Anniversary Trigger, Cap or Threshold restrictions, shall apply to any demands for payment made by Aon except for those described in Section 3(d)(i)(B).
Except as set forth below, the restrictions on the shares subject to this restricted stock award shall lapse as follows, if Grantee is still serving as a director of the Company or an Affiliate on the applicable date(s): One Year Anniversary 331/3% Two Year Anniversary 662/3% Three Year Anniversary 100% Restrictions shall be deemed to lapse at the close of business on the applicable vesting date.
Except as set forth below, the restrictions on the shares subject to this restricted stock award shall lapse as follows, if Grantee is still employed with the Company or an Affiliate on the applicable date(s): One Year Anniversary 331/3% Two Year Anniversary 662/3% Three Year Anniversary 100% Restrictions shall be deemed to lapse at the close of business on the applicable vesting date.
Within the sixty (60) calendar day period after the end of each calendar quarter occurring after the occurrence of the Three Year Anniversary Trigger, Aon shall have the right (at its sole discretion) to demand payment in cash by Textura of the amount the Credit Bank Account exceeds the Credit Bank Minimum pursuant to Section 3(e)(ii), by delivering written notice to Textura identifying the amount of such excess that Aon wants to be debited from the Credit Bank Account and paid to Aon.