Common use of Distribution Date on January 2, 2008 Clause in Contracts

Distribution Date on January 2, 2008. If the Distribution Date is January 2, 2008 by reason of the Executive’s separation from service on or prior to such date, then in lieu of delivering Shares, Parent shall, or shall cause the Company to, deliver cash equal to the product of the number of Shares set forth in Section 1.1 and $5.00.

Appears in 4 contracts

Samples: Deferred Share Agreement (Energy Future Holdings Corp /TX/), Deferred Share Agreement (Energy Future Holdings Corp /TX/), Deferred Share Agreement (Energy Future Holdings Corp /TX/)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.