IRR. “IRR” shall mean, as of the relevant date, the annual, compounded internal rate of return achieved as of such date by the Principal Stockholders in respect of the Investment, which IRR shall be based on the Liquidity Proceeds.
Appears in 2 contracts
Sources: Stock Option Agreement (Ortho Clinical Diagnostics Holdings PLC), Stock Option Agreement (Ortho Clinical Diagnostics Holdings PLC)
IRR. “IRR” shall mean, as of the relevant date, the annual, compounded pre-tax internal rate of return achieved as of such date by the Principal Stockholders in respect of the Investment, which IRR shall be based on the Liquidity ProceedsProceeds actually received or held by the Principal Stockholders as of the relevant date.
Appears in 1 contract
Sources: Stock Option Agreement (PPD, Inc.)