Adjusted Payment Percentage. Means, in connection with calculations pursuant to Section 7(b)(ix), that percentage of the shares of the Applicable Class outstanding immediately prior to the applicable Redemption Event which would have been redeemed upon consummation of such Redemption Event assuming that (i) the Participation Amount in respect of rights to purchase shares of the Applicable Class with respect to all Options ("Section 7(b)(ix) Options") granted under the Plan which are entitled to receive payments from the
... Escrow Agent of amounts due the Escrow Agent from Redemption Stockholders pursuant to Section 7(b)(ix) in connection with such Redemption Event and related Sale of the Company had been calculated solely by reference to clause (i) of the definition of Participation Amount, without taking into account clause (ii) of such definition, (ii) the Company had purchased upon consummation of such Redemption Event, at the Redemption Price Per Share, the maximum number of outstanding shares of the Applicable Class, consistent with satisfying its obligations under this Plan pursuant to Section 7(b)(iv) with respect to all Section 7(b)(ix) Options, in respect of rights to purchase shares of the Applicable Class, and (iii) the aggregate of all amounts paid or to be paid by the Company in connection with such Redemption Event in respect of outstanding shares of the Applicable Class or pursuant to Section 7(b)(iv) of this Plan with respect to all Section 7(b)(ix) Options, in respect of rights to purchase shares of the Applicable Class, shall be equal to the sum of (x) the aggregate amount previously paid by the Company upon consummation of such Redemption Event in respect of outstanding shares of the Applicable Class and Section 7(b)(ix) Options issued under this Plan in respect of rights to purchase shares of the Applicable Class, plus (y) the sum of the amounts calculated separately for each of the Section 7(b)(ix) Options equal to the Supplemental Redemption Payment for such Option in connection with such Redemption Event.
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