Carveout Plan Sample Clauses

Carveout Plan. The Board of Directors of the Company shall, promptly following the Amendment Date (but in no event later than ten (10) Business Days thereafter), adopt the Carveout Plan and shall abide by the terms of the Carveout Plan from such date of adoption until the Effective Time. Between the Effective Time and the 10th Business Day following the satisfaction of the Second Target Reserve Consideration Conditions, Parent shall grant in accordance with the terms and conditions of the Carveout Plan, or shall cause to be granted in accordance with the terms and conditions of the Carveout Plan, to employees and/or former employees of the Company or replacement hires for such employees and/or former employees who have terminated their employment with the Company or Parent following the Effective Time an aggregate number of Units (as defined in the Carveout Plan) equal to the Carveout Units Amount minus the number of Units (including, for the avoidance of doubt, both vested or unvested Units) outstanding under the Carveout Plan immediately prior to the Effective Time. Parent shall consult with the Veloce Steering Committee with respect to such Carveout Plan grants, it being understood and agreed that, subject to such consultation, the date on which each such grant is made (so long as it occurs prior to the 10th Business Day following the satisfaction of the Second Target Reserve Consideration Conditions), the size of each such grant, the identity of such employee, former employee or replacement hire receiving each such grant, and the vesting schedule applicable to each such grant shall be as recommended by the Veloce Steering Committee, subject to customary review and approval of the Governance & Nominating Committee of the Board of Directors of Parent. Notwithstanding anything herein to the contrary, the Parties agree that, unless otherwise consented to by Parent in its sole and absolute discretion, neither Sheffield nor Baktha, nor any members of Baktha’ family, shall, directly or indirectly, be awarded, granted or permitted to otherwise beneficially own any Units (as defined in the Carveout Plan).
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Carveout Plan 
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Related to Carveout Plan

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  • PayPal's Seller Protection Program What’s eligible

  • Management Plan The Management Plan is the description and definition of the phasing, sequencing and timing of the major Individual Project activities for design, construction procurement, construction and occupancy as described in the IPPA.

  • Orientation Program The Company will allow a designated representative of the Local or Bargaining Unit up to one (1) hour per calendar month for the purpose of conducting the Communications, Energy and Paperworkers Union New Members’ Orientation Program. Such meetings will be conducted during the probationary period of employees, and will be held on Company premises. Employees participating in Orientation Program meetings during their normally scheduled working hours will not suffer loss of pay at their regular rate. Orientation Program meetings will be scheduled by Management and a Management representative may attend as an observer.

  • Prescription Plan The PPO plan will include a comprehensive prescription 29 program:

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