Employee Stock Plan. Employee will be permitted to participate in any Company employee stock incentive or stock benefit plan adopted by the Company and approved by the Board of Directors pursuant to the terms of such plan.
Employee Stock Plan. May be continued by the employee in accordance with the provisions and options as set forth by the prospectus of the plan in effect.
Employee Stock Plan. Prior to the Effective Time, the Company’s Employee Stock Plan shall terminate and all outstanding accumulated payroll deductions thereunder shall be returned, without interest, to the participating employees and any Company Common Stock purchased for such participating employees shall be distributed to such employees.
Employee Stock Plan. The Company has formally adopted an employee stock plan in a form acceptable to the Investor that meets the criteria set forth in the Shareholders’ Agreement;
Employee Stock Plan. As soon as practicable, the Board of Directors of the Surviving Corporation will adopt an employee stock plan, reserving for issuance thereunder a pool of 4,666,500 shares to be granted to the Surviving Corporation's key executives and other individuals pursuant to the terms set forth therein.
Employee Stock Plan. You are entitled to participate in the Company Employee Stock Plan program. Further details can be obtained from the Human Resources department. The Company reserves the right to substitute, replace or amend the above scheme and amend the level of the benefit.
Employee Stock Plan. SCC currently has in existence an employee stock plan ("Employee Stock Plan" herein) for certain employees of SCC and its Subsidiaries. Pursuant to the terms of the Employee Stock Plan, there are i) 6,370 shares of Class B nonvoting common stock outstanding and options to purchase an additional 12,740 shares, and ii) rights to purchase 2,600 shares. SCC agrees that Lenfxxx xxxll be protected against dilution which may occur by virtue of the exercise of stock options currently outstanding or which may become outstanding to employees who purchase stock pursuant to the rights for 2,600 shares currently outstanding. The parties agree that subsequent to Closing, SCC may sell or issue pursuant to the exercise of options additional nonvoting stock equivalent to an additional 4%
Employee Stock Plan. Promptly following the Closing, Calypso agrees to take the necessary and requisite actions to establish an employee stock plan (“Employee Stock Plan”), pursuant to which Calypso will reserve for future issuance two hundred fifty thousand (250,000) shares of authorized, but previously unissued, Calypso common stock, par value $0.00001 per share, to be issued to certain key employees of WebiMax in accordance with the Employee Stock Plan (the “Stock Plan Shares”). The Stock Plan Shares will be subject to the same vesting schedule as those currently in place with existing Calypso and Media Max, Inc. (a subsidiary of Calypso) employees, which is that twenty five percent (25%) of the Stock Plan Shares will be vested after each twelve (12)-month period of employment, with full vesting to occur after forty-eight (48) months of employment.
