Threshold Date

Threshold Date. Refers to a date utilized to calculate the Incentive Pool on a periodic basis. The first Threshold Date shall be the earlier of (i) the first year anniversary of the date of the execution of this Agreement and (ii) the date of the termination of this Agreement; provided, that in the event this Agreement is terminated for Cause by the Company (including a voluntary termination of this Agreement by the Officers' Co. without Cause, prior to the one-year anniversary hereof, and/or in the absence of... Constructive Termination Without Cause) prior to the date referred to in clause (i) of this definition, then the first Threshold Date shall be the date referred to in clause (i) or (ii) above on which the average market price of the Stock (calculated in accordance with the second sentence of the definition of "Incentive Pool") shall be the lowest. New incentive periods shall begin on the occurrence of each prior Threshold Date, and shall extend to a new Threshold Date as above defined. Such periods shall be repeated for the balance of the Term. View More

Threshold Date. That date which is the fifth (5th) anniversary of the Stabilization Date