ESTABLISHMENT OF LUCENT PLANS Sample Clauses

ESTABLISHMENT OF LUCENT PLANS. Effective Immediately after the Distribution Date, Lucent shall adopt, or cause to be adopted, the Lucent Pension Plans, the Lucent Savings Plans, the Lucent ESOP, the Lucent Stock Purchase Plan (if the AT&T Stock Purchase Plan is then in existence), the Lucent Health and Welfare Plans, and the Lucent Executive Benefit Plans for the benefit of the Transferred Individuals and other current, future, and former employees of Lucent and the Lucent Entities. Except for the Lucent Long Term Incentive Plan and the Lucent Stock Purchase Plan, the foregoing Lucent Plans as in effect Immediately after the Distribution Date shall be substantially identical in all Material Features to the corresponding AT&T Plans as in effect as of the Close of the Distribution Date. The Lucent Long Term Incentive Plan and the Lucent Stock Purchase Plan shall be adopted by Lucent and approved by AT&T as sole shareholder of Lucent, before the Closing Date, to become effective Immediately after the Distribution Date. Effective as of the Closing Date, Lucent shall adopt, or cause to be adopted, the Lucent Non-Employee Director Plans, for the benefit of Lucent Non-Employee Directors who were, immediately before the Closing Date, AT&T Non-Employee Directors. The Lucent Non-Employee Director Plans shall be substantially identical in all Material Features to the corresponding AT&T Non-Employee Director Plans as in effect on the Closing Date, except that they need not provide for the accrual of additional benefits after the Closing Date. In addition, before the Closing Date, Lucent may adopt, and in that event AT&T shall approve as sole shareholder of Lucent, a plan or other arrangement for the payment of compensation of the Lucent Non-Employee Directors in Lucent Common Stock, under which the number of shares permitted to be issued before the Close of the Distribution Date shall not exceed 10,000 in the aggregate.
Sample 1
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ESTABLISHMENT OF LUCENT PLANS. 14 2.4 Terms of Participation by Transferred Individuals in Lucent Plans and Lucent Non-Employee Directors in Lucent Non-Employee Director Plans.............................. 15 (a)
Sample 1
ESTABLISHMENT OF LUCENT PLANS. Effective Immediately after the Distribution Date, Lucent shall adopt, or cause to be adopted, the Lucent Pension Plans, the Lucent Savings Plans, the Lucent ESOP, the Lucent Stock Purchase Plan (if the AT&T Stock Purchase Plan is then in existence), the Lucent Health and Welfare Plans, and the Lucent Executive Benefit Plans for the benefit of the Transferred Individuals and other current, future, and former employees of Lucent and the Lucent Entities. Except for the Lucent Long Term Incentive Plan and the Lucent Stock Purchase Plan, the foregoing Lucent Plans as in effect Immediately after the Distribution Date shall be substantially identical in all Material Features to the corresponding AT&T Plans as in effect as of the Close of the Distribution Date. The Lucent Long Term Incentive Plan and the Lucent Stock Purchase Plan
Sample 1

Related to ESTABLISHMENT OF LUCENT PLANS

  • Development Plans 4.3.1 For each Licensed Indication and corresponding Licensed Product in the Field, Licensee will prepare and deliver to Licensor a development plan and budget (each a “Development Plan”). The initial Development Plans for each Licensed Indication will be delivered within […***…] after the Grant Date for such Licensed Indication.

  • Transition Plan 1. A transition plan is a detailed description of the process of transferring enrollees from non-participating providers to the Health Plan's behavioral health care provider network to ensure optimal continuity of care. The transition plan shall include, but not be limited to, a timeline for transferring enrollees, description of provider clinical record transfers, scheduling of appointments, and proposed prescription drug protocols and claims approval for existing providers during the transition period. The Health Plan shall document its efforts relating to the transition plan in the enrollee’s clinical records.

  • Compensation Plans and Programs Executive shall be eligible to participate in any compensation plan or program maintained by the Company from time to time, which compensation plans and programs are intended to be comparable to those currently maintained by the Company, in which other senior executives of the Company participate on terms that are intended to be comparable to those applicable to such other senior executives.

  • Implementation of Corrective Action Plan After the Corrective Action Plan is finalized, the Purchasers shall use reasonable best efforts to implement the finalized Corrective Action Plan on the timeline set forth therein and provide periodic reports (as provided for therein) to the Sellers on the status of their implementation of the Corrective Action Plan.

  • Commercialization Plans As soon as practicable after formation of the JCC (following Acucela’s exercise of an Opt-In Right under Section 3.1), the JCC shall prepare and approve the initial Commercialization Plan for Commercialization of the Licensed Product for the Initial Indication in the Initial Formulation (and, if applicable, any New Formulation or Other Indication Product) in the Territory. The Parties shall use Commercially Reasonable Efforts to ensure that such initial Commercialization Plan for Commercialization of the Licensed Product for the Initial Indication in the Initial Formulation is consistent with the general Commercialization Plan outline set forth in Exhibit C attached hereto and incorporated herein (the “General Commercialization Plan Outline”). The JCC shall prepare and approve a separate Commercialization Plan for Commercialization of Licensed Product for the Initial Indication in the Initial Formulation in the Territory and for Commercialization of each Other Indication Product and New Formulation (if any) in the Territory, and shall update and amend each Commercialization Plan not less than annually or more frequently as needed to take into account changed circumstances or completion, commencement or cessation of Commercialization activities not contemplated by the then-current Commercialization Plan. Amendments and revisions to the Commercialization Plan shall be reviewed and discussed, in advance, by the JCC, and Otsuka agrees to consider proposals and suggestions made by Acucela regarding amendments and revisions to the Commercialization Plan. Any amendment or revision to the Commercialization Plan that provides for an increase or decrease in the number of FTEs for any Phase 3b Clinical Trials or Post-Approval Studies as compared to the previous version of the Commercialization Plan, or that provides for addition or discontinuation of tasks or activities as compared to the previous version of the Commercialization Plan, or that moves forward the timetable for activities reflected in the Commercialization Plan, shall provide for a reasonable ramp-up or wind-down period, as applicable, to accommodate a smooth and orderly transition of Commercialization activities to the amended or revised Commercialization Plan. Each Commercialization Plan shall identify the goals of Commercialization contemplated thereunder and shall address Commercialization (including Co-Promotion) activities related to the Licensed Product (including, if applicable, any Other Indication Product), including:

  • Construction Plans Tenant shall prepare final plans and specifications for the Tenant Improvements that (a) are consistent with and are logical evolutions of the Approved Schematic Plans and (b) incorporate any other Tenant-requested (and Landlord-approved) Changes (as defined below). As soon as such final plans and specifications ("Construction Plans") are completed, Tenant shall deliver the same to Landlord for Landlord's approval, which approval shall not be unreasonably withheld, conditioned or delayed. All such Construction Plans shall be submitted by Tenant to Landlord in electronic .pdf, CADD and full-size hard copy formats, and shall be approved or disapproved by Landlord within ten (10) business days after delivery to Landlord. Landlord's failure to respond within such ten (10) business day period shall be deemed approval by Landlord. If the Construction Plans are disapproved by Landlord, then Landlord shall notify Tenant in writing of its objections to such Construction Plans, and the parties shall confer and negotiate in good faith to reach agreement on the Construction Plans. Promptly after the Construction Plans are approved by Landlord and Tenant, two (2) copies of such Construction Plans shall be initialed and dated by Landlord and Tenant, and Tenant shall promptly submit such Construction Plans to all appropriate Governmental Authorities for approval. The Construction Plans so approved, and all change orders approved (to the extent required) by Landlord, are referred to herein as the "Approved Plans."

  • Notices Regarding Plans and Benefit Arrangements (i) Promptly upon becoming aware of the occurrence thereof, notice (including the nature of the event and, when known, any action taken or threatened by the Internal Revenue Service or the PBGC with respect thereto) of:

  • Budgets and Leasing Plans On or before November 15 of each calendar year, the Manager shall prepare and submit to the Owner for its approval an operating budget (a “Budget”) and a marketing and leasing plan (a “Plan”) on the Properties for the calendar year immediately following such submission. Each Budget and Plan shall be in the form approved by the Owner prior to the date thereof. As often as reasonably necessary during the period covered by any Budget or Plan, the Manager may submit to the Owner for its approval an updated Budget or Plan incorporating such changes as shall be necessary to reflect cost overruns and the like during such period. If the Owner does not disapprove a Budget or Plan within thirty (30) days after receipt thereof by the Owner, such Budget or Plan shall be deemed approved. If the Owner shall disapprove any Budget or Plan, it shall so notify the Manager within said thirty (30) day period and explain the reasons therefor. The Manager will not incur any costs other than those estimated in an approved Budget except for:

  • Marketing Plans 1. The MCO shall develop a marketing plan that meets SDOH guidelines and any local requirements as approved by the State Department of Health (SDOH).

  • Business Plans The Approved Full-Term Operating Business -------------- Plan and Approved Annual Operating Business Plan, if any, have been prepared in all material respects in accordance with GAAP (except for the treatment of Indebtedness owing to the FCC, which has been reflected in such plans at historical cost).

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