Vesting Threshold Return

Vesting Threshold Return. Shall mean (a) with respect to Tranche A Options, a minimum IRR of 20% on the Sponsor Purchasers' Shares involved or deemed involved in a Liquidity Event, (b) with respect to Tranche B Options, a minimum IRR of 22% on the Sponsor Purchasers' Shares involved or deemed involved in a Liquidity Event and (c) with respect to Tranche C Options, a minimum IRR of 24% on the Sponsor Purchasers' Shares involved or deemed involved in a Liquidity Event.