Equity Participation Plan. The Parties expressly acknowledge that the Management Shareholders benefit from certain rights (including piggy-back rights in certain cases) and are subject to certain obligations (including drag along obligations in certain cases) under provisions of the Equity Participation Plan and agree to be bound by such provisions and, to the extent applicable, to carry out any obligations incumbent on a Party pursuant to such provisions (including the obligation to give notice to Management Shareholders of certain Dispositions of Shares, as the case may be). To the extent necessary, the provisions of this Agreement shall be interpreted and applied so as to give effect to such rights and obligations. In the case of an irreconcilable inconsistency between the provisions of the Equity Participation Plan and the provisions of this Agreement, the latter shall prevail.
Equity Participation Plan. It is the intent of the parties that, as part of the Distribution, Education Employees exchange their Ambassadors Options for Education Options and that all other holders of Ambassadors Options keep such options subject to the adjustment below. Effective on or before the Separation Date (or such other date as Ambassadors and Education may mutually agree), Education shall establish and sponsor an Equity Participation Plan for the benefit of Education Employees, directors and consultants, which Plan shall be similar in terms to the Ambassadors Equity Participation Plan.
Equity Participation Plan. The parties hereby agree that the Employment Agreement is amended to delete Section 3 (c) of the Employment Agreement in its entirety
Equity Participation Plan. Upon the completion of your eighteenth (18th) month of employment, you will be entitled to participate in future equity growth in the Corporation through a phantom stock plan, stock appreciation rights plan, equity participation contract or similar plan to be developed by the Corporation and mutually agreed upon. Your equity participation plan would have the following attributes:
(i) Months 19 to 30 1% Months 31 to 43 2% Months 44 to 56 3% Months 57 to 69 4% Months 70 to 82 5% You would be entitled to receive the applicable percentage increase above net book value (stockholder equity) as of December 31, 1995, as computed by the certified public accountant then serving the Corporation in accordance with generally accepted accounting principles consistently applied, upon termination of your employment with the Corporation and in accordance with the payment terms incorporated into the plan;
(ii) Each of the applicable years allocation under the plan shall be immediately vested; and
(iii) Upon your termination of employment any payments you may be entitled to under the plan shall be paid in accordance with the terms of the plan.
Equity Participation Plan. Subject to approval from the Oil States Compensation Committee, your position is eligible for the equity grants to be made in connection with the spin-off. Your equity grant will have a grant date value of approximately $800,000 which could be expected to vest over four years and may be subject to other criteria consistent with other similarly situated officers.
Equity Participation Plan. The Company may from time to time make grants of Common Units to an equity participation limited liability company as approved by the Management Committee and pursuant to the terms and conditions of an equity participation plan as approved by the Management Committee; provided, that, any such equity participation plan shall not permit grants of interests to any Manager; provided, further, that, any such equity participation plan shall provide that such Common Units shall be subject to the terms of the Option Agreement. The Management Committee may make such amendments to this Agreement as are reasonably necessary in connection with the adoption of such plan, including to reflect the relative economic interests of the Common Units and the Preferred Units.
Equity Participation Plan. GTI has adopted the 1999 Equity Participation Plan of Golden Telecom Inc. (the "Plan") for its eligible employees and the employees of its affiliates, including the Corporation. Subject to (i) the provisions of the Plan, a copy of which is attached hereto as Attachment C, (ii) the execution and delivery by GTI and the Employee of a non-qualified stock option agreement (the "Non-Qualified Stock Option Agreement") - Attachment D, (iii) the execution and delivery by GTI and the Employee of a restricted stock agreement (the "Restricted Stock Agreement") - Attachment E and (iv) the signing by the Employee of the Amendment to Non-Statutory Stock Option Agreement - Attachment A, GTI will grant to the Employee options to purchase common stock of GTI as set forth in the Non-Qualified Stock Option Agreement and will issue to the Employee shares of its common stock as set forth in the Restricted Stock Agreement.
Equity Participation Plan. The parties thereto shall have executed and delivered the Equity Participation Plan.
Equity Participation Plan. As soon as practicable after the Closing, the Board shall adopt a stock option or other equity participation plan for the employees of New XxXxxx Epyx and its subsidiaries and Affiliates, and shall agree on which New XxXxxx Epyx employees initially will receive options or rights under such plan. The aggregate pool of equity available for grant under such plan shall be up to 15% of the Common Stock, on a fully diluted basis, and the pool of equity available for the initial grants to New XxXxxx Epyx employees shall be between 3% and 4% of the Common Stock, on a fully diluted basis.
Equity Participation Plan. The Company shall from time to time make grants of Common Units to the Equity Participation LLC as approved by the Management Committee and pursuant to the terms and conditions of the Equity Participation Plan.
