Option Percentage Clause Samples

The Option Percentage clause defines the specific proportion or share of an asset, equity, or interest that is subject to an option agreement. In practice, this clause specifies the exact percentage that a party has the right to purchase, sell, or otherwise exercise under the terms of the option, such as 10% of company shares or a portion of real estate. By clearly stating the percentage involved, this clause ensures both parties understand the scope of the option, thereby preventing disputes and providing clarity regarding the extent of rights granted or obligations incurred.
Option Percentage. Upon exercise, the Univision Option shall ----------------- entitle Univision to acquire 25.55% of the sum of (i) the Class A and Class C Non-Managing Membership Units currently issued plus (ii) the Class A and Class C Non-Managing Membership Units to be issued upon the Reorganization (as defined below) plus (iii) the Class A Non-Managing Membership Units to be issued to Univision on exercise of the Univision Option (the "Option Percentage"), including those to be issued to Valley Channel in accordance with the Operating Agreement. Univision's Option Percentage shall also proportionately increase upon purchase by the Company of any Class A Non-Managing Membership Units outstanding on the Effective Date or the non-issuance of any Class A Non- Managing Membership Units contemplated to be issued in the Reorganization which are not so issued. There shall be no adjustment related to the option to acquire 11,965 units held by ▇▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇.
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Option Percentage. For each year of Employee's employment during the Term, Employee shall accrue a 1% Option Percentage (pro-rated for each month during a year of employment) so that at the end of Term, assuming Employee remains employed through the end of the Term, Employee will have accrued a total 5% Option Percentage. For purposes hereof, "Option Percentage" is a percentage used to determine the number of Bonus Shares that Employee is entitled to based upon the total number of issued and outstanding shares of the Issuer on the date of the date of the execution of this Agreement (the "Pre-Public Offering Outstanding Shares"). For example, if a public offering of the Issuer occurs in November 2006, Employee will have accrued a total 2.5% Option Percentage.
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Option Percentage. The Option Percentage is 2.8%.
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Option Percentage. The Option Percentage is 3.0%.
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Related to Option Percentage

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Discount Percentage The Discount Percentage shall be based upon the monthly average of the net assets of all of the funds on Master Schedule A to Management Contracts (“Group Assets”), as may be updated from time to time, and the monthly average of the net assets of the Fund (computed in the manner set forth in the Trust’s Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month. After determination of the average Group Assets tier bound level in Master Schedule B to Management Contracts, as may be updated from time to time, which is hereby incorporated by reference into this Contract, the Discount Percentage shall be determined on a cumulative basis pursuant to the schedule set forth in Master Schedule B to Management Contracts.

  • Original Class A Percentage Section 11.05 Original Principal Balances of the Classes of Class A Certificates............................................

  • Reallocation of Applicable Revolving Percentages to Reduce Fronting Exposure All or any part of such Defaulting Lender’s participation in L/C Obligations and Swingline Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Revolving Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the aggregate Revolving Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Commitment. Subject to Section 11.20, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

  • Applicable Percentage Except as provided otherwise in the next sentence, the term "Applicable Percentage" shall mean: (i) 0% during the one-year period commencing on the Closing Date (ii) 20% during the one-year period commencing on the first anniversary of the Closing Date; (iii) 40% during the one-year period commencing on the second anniversary of the Closing Date; (iv) 60% during the one-year period commencing on the third anniversary of the Closing Date; (v) 80% during the one-year period commencing on the fourth anniversary of the Closing Date; and (vi) 100% on and after the fifth anniversary of the Closing Date. Notwithstanding the foregoing, (A) immediately prior to and after the occurrence of a Sale of the Company, such Applicable Percentage shall mean 100%, and (B) in the case of a termination of employment described in Section 7.2(a)(iii)(B), such Applicable Percentage in clauses (i), (ii) and (iii) shall be 0%, and in clauses (iv) and (v) and (vi) shall be 40%, 75% and 100%, respectively.