Alumni program Sample Clauses

Alumni program. Xx. XxXxxxxx is currently eligible for the CH2M HILL Alumni Program and may choose to enter the program at this time or any time prior to the end of the Retirement Transition Period; provided that Xx. XxXxxxxx may enter the Alumni Program only if he holds at least $100,000 of CH2M HILL stock directly at the time that he proposes to enter the Alumni Program. If Xx. XxXxxxxx elects to participate in the Alumni Program, he must request to sell 10% (one tenth) or more of his direct CH2M HILL stock holdings at the first trade date following the end of the Retirement Transition Period and 10% (one tenth) of such stock on each trade date next-following the nine anniversary dates from the end of the Retirement Transition Period. This requirement to sell any stock directly owned by Xx. XxXxxxxx does not apply to CH2M HILL stock, if any, that resides in his 401(k) plan account. Xx. XxXxxxxx will only remain eligible to participate in the Alumni Program if he refrains from competing with CH2M HILL directly or indirectly, such as by becoming an employee, consultant, director, officer or shareholder of more than 5% equity of a competitor. Xx. Xxxxxxxx’x participation in the Alumni Program will be subject to applicable Program rules, as they may be modified from time to time.
Sample 1
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Alumni program. Employ may elect to participate in the CH2M HILL Alumni Program with respect to CH2M HILL shares of common stock that the Executive Owns or he can elect to sell his shares through the CH2M HILL Internal Market (as described in the CH2M HILL Prospectus and Annual Report on Form 10K). If the Executive wishes to accelerate the sale of his CH2M HILL shares beyond the schedule provided under the Alumni program he can do so at his discretion subject to the Internal Market rules and limitations; provided, however, that the Executive will not sell any of his shares in CH2M HILL between December 2008 and June 2009 (inclusive) as such sale may create negative impressions about CH2M HILL’s business prospects and stability post-Executive resignation.
Sample 1

Related to Alumni program

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