Equity Monetization Plans Clause Samples

Equity Monetization Plans. Other than in respect of stock options, there are no outstanding stock appreciation rights, phantom equity, profit sharing plans or similar rights, agreements, arrangements or commitments payable to any employee of Purchaser and which are based upon the revenue, value, income or any other attribute of any member of the Purchaser Group.

Equity Monetization Plans. Other than the KML Awards as disclosed in the KML Disclosure Letter, there are no outstanding stock appreciation rights, phantom equity, profit sharing plan or similar rights, agreements, arrangements or commitments payable to any director, officer, employee or consultant of KML or its Subsidiaries (excluding the KML JVs) and which are based upon the share price, revenue, value, income or any other attribute of KML or its Subsidiaries and all such KML Awards outstanding are subject only to the terms and conditions of the KML Director RSU Plan or the KML Employee RSU Plan, as applicable (copies of which are included in the KML Disclosure Letter) and the applicable grant agreements pursuant to which such KML Awards were granted (a form of which is included in the KML Disclosure Letter and none of the grant agreements entered into in respect of outstanding KML Awards contain any material departures from such form of agreement).

Equity Monetization Plans. Other than the Options, the Incentives, the Option Plan, the LTIP, Pengrowth’s cash bonus plan and as disclosed in the Disclosure Letter, there are no outstanding stock appreciation rights, phantom equity, profit sharing plan or similar rights, agreements, arrangements or commitments payable to any employee of Pengrowth and which are based upon the revenue, value, income or any other attribute of Pengrowth.

Equity Monetization Plans. Except as set forth in the Disclosure Letter and other than the Western Options, Western PSUs and Western DSUs, there are no outstanding stock appreciation rights, phantom equity, profit sharing plan or similar rights, agreements, arrangements or commitments payable to any employee of Western and which are based upon the revenue, value, income or any other attribute of any member of the Western Group;

Equity Monetization Plans. Other than the Raging River Options, Raging River Performance Awards, Raging River Restricted Awards and Raging River DSUs, there are no outstanding stock appreciation rights, phantom equity, profit sharing plan or similar rights, agreements, arrangements or commitments payable to any employee of Raging River and which are based upon the revenue, value, income or any other attribute of Raging River.

Equity Monetization Plans. Other than the Baytex Performance Awards and Baytex Restricted Awards, there are no outstanding stock appreciation rights, phantom equity, profit sharing plan or similar rights, agreements, arrangements or commitments payable to any employee of Baytex and which are based upon the revenue, value, income or any other attribute of Baytex.

Equity Monetization Plans. Except as set forth in the Disclosure Letter and other than the QAT Options, there are no outstanding stock appreciation rights, phantom equity, profit sharing plans or similar rights, agreements, arrangements or commitments payable to any employee of QAT and which are based upon the revenue, value, income or any other attribute of any member of the QAT Group.

Equity Monetization Plans. The IPL Disclosure Letter sets forth, as of the date hereof, the holders of all outstanding IPL RSUs and IPL PSUs and the number of IPL RSUs and IPL PSUs held by each holder and expiration dates, as applicable, of each grant to such holders. Other than the IPL Incentive Awards, there are no outstanding stock appreciation rights, phantom equity, profit sharing plan or similar rights, agreements, arrangements or commitments payable to any IPL Employees or directors or consultants of IPL or any of its Subsidiaries and which are based upon the share price, revenue, value, income or any other attribute of IPL or its Subsidiaries and all such IPL Incentive Awards outstanding are subject only to the terms and conditions of the IPL Incentive Award Plans (true and complete copies of which have been made available to Pembina prior to the date hereof) and the applicable grant agreements pursuant to which such awards were granted (a true and complete copy of the form of which has been made available to Pembina prior to the date hereof and none of the grant agreements entered into in respect of outstanding IPL Incentive Awards contain any material departures from such form of agreement).

Equity Monetization Plans. As of the date hereof, other than 7,566,174 Company Cash Units, 1,000,842 Company DDSUs, 1,931,886 Company EDSUs, 33,611,292 Company Options, 10,537,639 Company PSUs and 11,584,651 Company RSUs, there are no outstanding stock appreciation rights, equity, equity-based, phantom equity, profit sharing plan or similar rights, agreements, arrangements or commitments payable to any director, officer or employee of the Company or the Company Subsidiaries and which are based upon the revenue, value, income or any other attribute of the Company, the Company Subsidiaries, or any of them. The Disclosure Letter contains a correct and complete list as of the date of this Agreement of all Company Cash Units, Company DDSUs, Company EDSUs, Company Options, Company PSUs and Company RSUs, including the date of grant, term, number and, where applicable, exercise price and vesting schedule. The Employee Plans disclosed in the Data Room Information contain all information concerning whether the vesting will be accelerated by the execution of this Agreement or consummation of the transactions contemplated hereby or by termination of employment or change of position following consummation of the transactions contemplated hereby.