Common use of Continuation of Awards Clause in Contracts

Continuation of Awards. Subject to the adjustment set forth in Section 8.03(c), each outstanding Award under the 2004 Stock Option Plan on the Distribution Date (the “2004 Stock Option Plan Award”), will continue under the 2004 Stock Option Plan in accordance with the terms of such Award.

Appears in 2 contracts

Samples: Employee Matters Agreement (NEWS Corp), Employee Matters Agreement (New Newscorp LLC)

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Continuation of Awards. Subject to the adjustment set forth in Section 8.03(c8.04(c), each outstanding Award under the 2004 Stock Option Plan on the Distribution Date (the “2004 Replacement Stock Option Plan Award”), will continue under the 2004 Replacement Stock Option Plan in accordance with the terms of such Award.

Appears in 2 contracts

Samples: Employee Matters Agreement (NEWS Corp), Employee Matters Agreement (New Newscorp LLC)

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