Transfer Percentage definition

Transfer Percentage means the percent of the transfer- or’s total payroll for a recent and representative period preceding the transfer date, which is properly assignable to the transferred business. The recent and representative period shall be the four most recently completed calendar quarters preceding the transfer date, except that the period may be expanded to include the partial quarter immediately preceding the transfer if the transfer date did not fall on a quarter ending date and there was no payroll assign- able to the transferred portion of the business in the four most recently completed quarters.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Transfer Percentage means with respect to any Transfer of Common Shares, the percentage of the then outstanding Common Shares subject to such Transfer.

Transfer Percentage means, in connection with any Transfer of Shares following the Company IPO, as of the date of consummation of such Transfer, a fraction (expressed as a percentage) (i) the numerator of which is the aggregate number of Shares Transferred by a Stockholder in all Transfers from and including the date of the Company IPO to and including the date of such Transfer, and (ii) the denominator of which is the aggregate number of Shares held by such Stockholder at the time of effectiveness of the registration statement relating to the Company IPO.

Examples of Transfer Percentage in a sentence

Accordingly, the Option shall vest (in addition to the portion vested pursuant to Section 2(c) hereof) in the case of a Drag-Along Sale in an amount such that after giving effect to such acceleration, the Option shall be vested in the aggregate as to the same percent as the Parent Transfer Percentage Interest proposed to be transferred pursuant to such Drag-Along Sale.
At the closing, the Non-Transferring Member shall purchase the Transfer Percentage by wire transfer of immediately available funds to an account designated by the Transferring Member.
For purposes of calculating the percentages contemplated by clause (5) and the SP Transfer Percentage, appropriate adjustments shall be made to reflect any stock split, stock dividend, reverse stock split or like transaction made, declared or effected with respect to the Common Stock.
For purposes of this Agreement, the terms “Parent Stockholders,” “Percentage Interest,” “Parent Transfer Percentage Interest,” “Parent Transfer Units” and “Parent Tag-Along Sale” shall have the meaning ascribed such terms in the Stockholders Agreement.
In the event the Selling Investor reduces the number of Transfer Securities proposed to be sold pursuant to an Unregistered Transfer, the Transfer Percentage shall be recalculated and the number of Transfer Securities that may be transferred by each Participating Investor shall be reduced accordingly.

More Definitions of Transfer Percentage

Transfer Percentage means, as of any date, with respect to any Person, (x) the aggregate number of Common Shares transferred prior to such date by such Person, other than any Common Shares transferred to Permitted Transferees of such Person, divided by (y) the Initial Ownership of Common Shares of such Person.

Transfer Percentage has the meaning given that term in Section 3.02(b).

Transfer Percentage has the meaning set forth in Section 5.1.

Transfer Percentage means, with respect to any Prentice Transfer, the percentage determined by dividing the number of shares of Ascendia Brands Common Stock sold by Prentice pursuant to a Prentice Transfer by the total number of shares of Ascendia Brands Common Stock owned by Prentice, on an as-converted, fully-diluted basis (and without giving effect to any limitations on conversion or exercise contained in any convertible or exercisable securities held by Prentice), immediately prior to such Prentice Transfer.

Transfer Percentage shall have the meaning set forth in Section 7(a).

Transfer Percentage means, with respect to any Person, the percentage equivalent of a fraction, the numerator of which is the total number of Share Equivalents proposed to be Transferred by such Person (and its Permitted Transferees) and the denominator of which is the total number of Share Equivalents held by such Person (and its Permitted Transferees).

Transfer Percentage means, on any date of determination, the percentage equal to (rounded to the nearest whole percentage) (i) 100% minus (ii) the product of (a) the Expected Loss Projection Percentage and (b) 1.75 minus (iii) the amount available to be withdrawn from the Reserve Account as of the last day of the most recent Settlement Period expressed as a percentage of the Maximum Net Investment minus (iv) in the case of any Contract(s) which upon origination provided for more than 72 monthly payments, 8.0%, provided, that in the event that the Transferor shall have failed to cause a Take-Out to occur at least once in the sixteen (16) consecutive calendar week period (or such longer period as agreed to by the Transferor and the Company) immediately preceding such date of determination, the Transfer Percentage shall, until the Prefunding Date occurring after the next occurring Take-Out, equal the lesser of (x) the Transfer Percentage described above and (y) 92%, in respect of Contracts which upon origination provided for 72 monthly payments or less and 84% in respect of Contracts which upon origination provided for more than 72 monthly payments; provided further that in no case will (i) 100% minus the Transfer Percentage plus the Reserve Account expressed as a percentage of the Maximum Net Investment (after giving effect to any withdrawal therefrom on such date of determination) be less than (ii) the enhancement required for the most recent securitized pool to achieve an Investment Grade Rating.