(o) Equity Securities means (i) any Common Stock or preferred stock of the Company, (ii) any security convertible into or exercisable or exchangeable for, with or without consideration, any Common Stock or preferred stock of the Company (including any option to purchase such a security), (iii) any Common Stock underlying any security referred to in clause (ii), (iv) any security carrying any option, warrant or right to subscribe to or purchase any Common Stock or preferred stock of the Company or other security referred to in clause (ii), or (v) any such option, warrant or right.
(p) Exchange Act means the Securities Exchange Act of 1934, as amended.
(q) FINRA means the Financial Industry Regulatory Authority.
(r) Governmental Authority means any: (i) nation, state, commonwealth, province, territory, county, municipality, district or other jurisdiction of any nature; (ii) U.S. and other federal, state, local, municipal, foreign or other government; or (iii) governmental or quasi-governmental authority of any nature (including any governmental division, department, agency, commission, instrumentality, official, organization, unit, body or entity and any court or other tribunal).
(s) Holder means (i) each member of the Silver Lake Transferee Group, (ii) any Management Stockholder and (iii) the Workday Investors.
(t) Immediate Family means with respect to an individual, any spouse, domestic partner designated in good faith by such individual, sibling, parent or child of such individual.
(u) Initial Effective Time means the date and time that the SEC declared effective the registration statement pursuant to which Common Stock was sold in the IPO.
(v) Law means any applicable constitutional provision, statute, act, code, law, regulation, rule, ordinance, order, decree, ruling, proclamation, resolution, judgment, decision, declaration, or interpretative or advisory opinion or letter of a Governmental Authority.
(w) Management Stockholders mean the Stockholders listed on Exhibit A hereto and their Permitted Transferees.
(x) Participation Effective Date means the first Business Day after the Piggyback Holders receive notice from the Company pursuant to Section 3.3(a) hereof.
(y) Permitted Transfer means a Transfer by a Person that is (i) an individual Transferring to a trust or estate planning vehicle of such individual that is solely controlled by such individual and the beneficiaries of which are comprised solely of such individual and/or the members of the Immediate Family of such individual; provided, that