CAMBIAN SHARE PLANS Sample Clauses

CAMBIAN SHARE PLANS. Provisions of general application
Sample 1
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CAMBIAN SHARE PLANS. 2. CareTech acknowledges that outstanding Options which would not otherwise have vested before the Scheme will (as a consequence of the Scheme and in accordance with the relevant Cambian Share Plan) vest on the Court Sanction Date and be exercisable for a period of one month from that date as follows:
Sample 1
CAMBIAN SHARE PLANS. Participants in the Cambian Share Plans will be contacted separately regarding the effect of the Transaction on their rights under the Cambian Share Plans and with the details of CareTech's appropriate proposals in respect of their options. In summary, all outstanding options under the Cambian Share Plans will vest in full when the Court sanctions the Scheme. For the 2014 Long-Term Incentive Plan ("LTIP") only, this is based on the exercise of discretion by the Cambian remuneration committee that the applicable performance conditions (as amended to reflect the shortened performance period) have been met and time pro-rating shall not apply. Participants in the Cambian Share Plans will have one month from the date that the Court sanctions the Scheme to exercise their options. As an alternative, participants holding options in the LTIP will be offered the opportunity to receive an amount equal to the Full Cash Alternative per vested Cambian Share in respect of 50 per cent. of the total number of vested Cambian Shares held under an outstanding LTIP option and to release and rollover the remaining 50 per cent. of vested Cambian Shares under an outstanding LTIP option in consideration of the grant of equivalent new options over CareTech Shares ("New Options"). The New Options will vest six months after the Effective Date and will be subject to the rules of the LTIP except that no performance conditions, leaver provisions or time pro-rating will apply to the New Options. Further details of the terms of such proposals will be included in the Scheme Document and in separate documentation to be sent to participants in the Cambian Share Plans at the same time as the Scheme Document is sent. The Transaction will extend to any Cambian Shares which are unconditionally allotted, issued or transferred to satisfy the exercise of existing options under the Cambian Share Plans before the Scheme Record Time.
Sample 1

Related to CAMBIAN SHARE PLANS

  • As-Built Plans Within thirty (30) days after completion of Tenant’s Changes requiring the submission of plans to Landlord, Tenant shall furnish to Landlord a complete set of “as-built” plans and specifications.

  • SEP Plans Under a simplified employee pension (SEP) plan that meets the requirements of IRC Sec. 408(k), your employer may make contributions to your Traditional IRA. Your employer is required to provide you with information which describes the terms of your employer’s SEP Plan. No SEP plan contributions may be made to a Xxxx XXX.

  • Layoff Options An employee who is issued layoff notice shall elect one (1) of the following options within two (2) calendar weeks:

  • Incentive Plans During the Term of this Agreement, Executive shall be entitled to participate in all bonus, incentive compensation and performance based compensation plans, and other similar policies, practices, programs and arrangements of the Company, now in effect or as hereafter amended or established, on a basis that is commensurate with his position and no less favorable than those generally applicable or made available to other executives of the Company. The Executive's participation shall be in accordance with the terms and provisions of such plans and programs. Participation shall include, but not be limited to:

  • Benefit Plans The Executive shall be entitled to participate in any benefit plans relating to stock options, stock purchases, awards, pension, thrift, profit sharing, life insurance, medical coverage, education, or other retirement or employee benefits available to other senior executive employees of the Company, subject to any restrictions (including waiting periods) specified in such plans.

  • Equity Awards You will be eligible to receive awards of stock options or other equity awards pursuant to any plans or arrangements the Company may have in effect from time to time. The Board or Committee, as applicable, will determine in its sole discretion whether you will be granted any such equity awards and the terms of any such award in accordance with the terms of any applicable plan or arrangement that may be in effect from time to time.

  • Physician Incentive Plans In the event Provider participates in a physician incentive plan (“PIP”) under the Agreement, Provider agrees that such PIPs must comply with 42 CFR 417.479, 42 CFR 438.3, 42 CFR 422.208, and 42 CFR 422.210, as may be amended from time to time. Neither United nor Provider may make a specific payment directly or indirectly under a PIP to a physician or physician group as an inducement to reduce or limit Medically Necessary services furnished to an individual Covered Person. PIPs must not contain provisions that provide incentives, monetary or otherwise, for the withholding of services that meet the definition of Medical Necessity.

  • Benefit Options Employees must elect a plan administrator and primary care clinic. Those elections will determine the Benefit Level through Advantage. Enrolled dependents must elect a primary care clinic that is available through the plan administrator chosen by the employee.

  • Employee Options There are two (2) options available to an employee who is otherwise eligible for disability insurance benefits which are as follows:

  • Employee Plans Except as provided in Section 4.12, the Assuming Institution shall have no liabilities, obligations or responsibilities under the Failed Bank's health care, bonus, vacation, pension, profit sharing, deferred compensation, 401K or stock purchase plans or similar plans, if any, unless the Receiver and the Assuming Institution agree otherwise subsequent to the date of this Agreement.

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