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.
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Samples: Merger Agreement (National Computer Systems Inc), Merger Agreement (Pn Acquisition Subsidiary Inc), Merger Agreement (Pearson PLC)
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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