Employee Pool. The offeror shall describe the pool that will apply to the employees under this contract. The offeror will describe the size of the pool, whether it is a mixture of commercial and government (if applicable), alternative pools that are available in the event the economic price adjustment clause becomes effective.
Employee Pool. This clause is only in effect if the Contractor included details in its offer regarding a pooling arrangement, of which this contract is a part. Before any adjustment is made under this price adjustment clause, the Contractor shall include in its proposal for adjustment, details setting forth how the pool impacts the request for equitable adjustment.
Employee Pool. The Company will reserve an additional 3,630,000 shares of its Common Stock (representing 7.0% of its fully diluted capital stock following the closing of the transactions contemplated by the Series B Purchase Agreement) for issuances to directors, officers, employees, advisors, consultants and other service providers (the “Employee Pool”). This reservation shall be made following the Closing. The shares in the Employee Pool will be issued from time to time to directors, officers, employees, advisors, consultants and other service providers of the Company under such arrangements, contracts or plans as are recommended by management and approved by the Board.
Employee Pool. (a) The Company has established an employee stock option scheme and has reserved for a maximum of 95,000 (ninety five thousand (such number stemming from conditional capital and, to the extent no conditional capital is available, authorized capital and shares to meet the requirements set forth under the stock option scheme)) options of Common Shares (the Employee Pool). Any increase in the size of the Employee Pool shall only be valid if approved in accordance with section 5.4.1(i) of this Agreement.
(b) All stock and stock equivalents issued to employees, directors, consultants and other service providers will be subject to vesting as follows (unless different vesting is approved by the Supervisory Board, including at least two Preferred B Members, pursuant to section 5.2(i)): 25% to vest at the end of the first year following such issuance, with the remaining 75% to vest monthly over the next three years. If employees are permitted to exercise unvested shares, the repurchase option shall provide that upon termination of the employment of the shareholder, with or without cause, the Company or its assignee (to the extent permissible under applicable securities law qualification) retains the option to repurchase at the lower of (i) the price per share paid by such shareholder and (ii) the fair market value of a Common Share, any unvested shares held by such shareholder. Any issuance of shares in excess of the Employee Pool not approved by the holders of at least 60% Preferred B Shares will be an Anti-Dilution Event pursuant to section 4.6 and will be subject to the subscription rights pursuant to section 4.9.
Employee Pool. The employees participating under the Employee Pool shall not exceed eighteen (18), and each of such employees shall be represented in the transactions contemplated by a Purchaser Representative (as such term is defined under Section 501 of the -30- 32 Securities Act). In addition, such Purchaser Representative shall have executed and delivered in form and substance reasonably acceptable to Purchaser such documents as may be reasonably required to qualify for the Section 506 exemption under the Securities Act.
Employee Pool. 1. A full time pool shall be maintained with fifteen (15) employees. The reduction of the full time pool from twenty- five (25) to fifteen (15) will be achieved through attrition occurring after ratification. Full time pool employees will work on any five (5) consecutive day basis, e.g. Thursday through Monday, Friday through Tuesday up to the Order Selector classi- fication or as mutually agreed between the Company and the Union. Pool employees may be assigned to a department the same day a shift is needed. It shall be understood and agreed that "Pool" employees shall not have posting rights to a Department vacancy. If a vacancy is not filled, the vacancy shall then be awarded to the most senior Pool employee. Such employee would then be given posting rights to all postings.
2. Temporary Pool - not subject to lay-off notice. A part time pool shall be maintained with up to thirty-five
Employee Pool. The offer letters to be entered into with certain employees of the Company will provide for retention bonus opportunities as set forth therein, subject to the terms and conditions of the retention plan referred to therein. Nothing in this Section 2.7 or otherwise in this Agreement, express or implied, shall confer upon any person (including any Key Employee) any rights or remedies, including any right to employment or continued employment for any specified period, or compensation or benefits of any nature or kind whatsoever under this Agreement.