Equity Plan Adoption; Registration Statement Clause Samples
Equity Plan Adoption; Registration Statement. (i) Effective as of the MatCo Distribution Date, MatCo shall adopt an equity incentive plan (the “MatCo Stock Plan”), which shall permit the issuance of MatCo Equity Awards as described in this Section 1.09. The MatCo Stock Plan shall be approved before the Effective Time by DowDuPont as MatCo’s sole stockholder.
(ii) Effective as of the AgCo Distribution Date, AgCo shall adopt an equity incentive plan (the “AgCo Stock Plan”), which shall permit the issuance of AgCo Equity Awards as described in this Section 1.09. The AgCo Stock Plan shall be approved before the AgCo Distribution Date by DowDuPont as AgCo’s sole stockholder.
(iii) The Parties shall use commercially reasonable efforts to maintain effective registration statements with the Securities and Exchange Commission with respect to the MatCo Equity Awards, AgCo Equity Awards and SpecCo Equity Awards described in this Section 1.09, to the extent any such registration statement is required by applicable Law.
Equity Plan Adoption; Registration Statement. (i) Effective as of the Distribution Date, ElectronicsCo shall have adopted an equity incentive plan (the “ElectronicsCo Stock Plan”), which permits the issuance of ElectronicsCo Equity Awards as described in this Section 1.09. The ElectronicsCo Stock Plan was approved before the Distribution Date by RemainCo as ElectronicsCo’s sole stockholder.
(ii) ElectronicsCo shall use commercially reasonable efforts to maintain effective registration statements with the Securities and Exchange Commission with respect to the ElectronicsCo Equity Awards described in this Section 1.09, to the extent any such registration statement is required by applicable Law.