Realization Percentage

Realization Percentage. Shall mean the percentage of the Sponsor Purchasers' aggregate Shares that are deemed sold in the Liquidity Event or upon which cash proceeds are deemed realized in the Liquidity Event; provided, however, that in the case of a Qualified IPO, the Realization Percentage shall be the greater of (x) the percentage of the Sponsors Purchasers' aggregate Shares sold in the realization event and (y) 20%. Additionally, if a Liquidity Event is deemed to have occurred at or following the first... anniversary of a Qualified IPO based on the trailing twelve-month average price for the listed Shares as provided in the definition of Liquidity Event, then the Realization Percentage applicable to the tranche of Performance Based Options for which the Vesting Threshold Return is satisfied shall be 100%. View More