Employee Stock Ownership Plan. Prior to the Effective Time and contingent on the closing of the transaction contemplated by this Agreement, the Company (acting, where appropriate, through the Company Board or a committee thereof) shall take all action as may be necessary so that the accounts of all employees under the Company's Employee Stock Ownership Plan are fully vested as of the Effective Time.
Appears in 3 contracts
Samples: Execution Copy (National Computer Systems Inc), Agreement and Plan of Merger (Pearson PLC), Agreement and Plan of Merger (Pn Acquisition Subsidiary Inc)
Employee Stock Ownership Plan. Prior to the Effective Time and contingent on the closing of the transaction transactions contemplated by this the Merger Agreement, the Company (acting, where appropriate, through the Company Board or a committee thereof) shall take all action as may be necessary so that the accounts of all employees under the Company's Employee Stock Ownership Plan (as defined in the Merger Agreement) are fully vested as of the Effective Time.
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