COMPANY STOCK INCENTIVE PLAN. Effective as of the Effective Time, the Company shall adopt the Aloha Holdings, Inc. 2002 Company Stock Incentive Plan substantially in the form attached hereto as EXHIBIT L (the "COMPANY STOCK INCENTIVE PLAN"), pursuant to which the Company will be permitted to grant options to purchase, and restricted shares of, Company Common Stock ("COMPANY AWARDS") to certain directors, key officers and employees of the Company. As of the Effective Time, the Company shall take such actions as are reasonably necessary to reserve the number of shares of Company Common Stock for issuance under such Company Stock Incentive Plan that is equal to 10% of the number of issued and outstanding shares of Company Common Stock on a fully diluted basis as of the Effective Time after giving effect to the Mergers.
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Samples: Agreement and Plan of Merger (Hawaiian Airlines Inc/Hi), Agreement and Plan of Merger (Airline Investors Partnership Lp), Agreement and Plan of Merger (Brenneman Gregory D)
COMPANY STOCK INCENTIVE PLAN. Effective as of the Effective Time, the Company shall adopt the Aloha Holdings, Inc. 2002 Company Stock Incentive Plan substantially in the form attached hereto as EXHIBIT Exhibit L (the "COMPANY STOCK INCENTIVE PLANCompany Stock Incentive Plan"), pursuant to which the Company will be permitted to grant options to purchase, and restricted shares of, Company Common Stock ("COMPANY AWARDSCompany Awards") to certain directors, key officers and employees of the Company. As of the Effective Time, the Company shall take such actions as are reasonably necessary to reserve the number of shares of Company Common Stock for issuance under such Company Stock Incentive Plan that is equal to 10% of the number of issued and outstanding shares of Company Common Stock on a fully diluted basis as of the Effective Time after giving effect to the Mergers.
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