Common use of IMS Health Retirees; and Corporation Retirees Clause in Contracts

IMS Health Retirees; and Corporation Retirees. As of the Effective Time, (i) each unexercised Corporation Stock Option held by IMS Health Retirees and Corporation Retirees shall be adjusted in substantially the same manner as employees of the Corporation Group and (ii) IMS Health may offer to such IMS Health Retirees and Corporation Retirees, and the IMS Health Committee may determine, alternative adjustments or substitutions, provided such Retirees agree to surrender their adjusted Corporation Stock Options.

Appears in 2 contracts

Samples: Employee Benefits Agreement (Ims Health Inc), Employee Benefits Agreement (Ims Health Inc)

AutoNDA by SimpleDocs

IMS Health Retirees; and Corporation Retirees. As of the Effective Time, (i) each unexercised Corporation Stock Option held by IMS Health Retirees and Corporation Retirees shall be adjusted in substantially the same manner as employees of the Corporation Group and (ii) IMS Health may offer to such IMS Health Retirees and Corporation Retirees, and the IMS Health Committee may shall determine, alternative adjustments or substitutions, provided such Retirees agree to surrender their adjusted Corporation Stock Options.

Appears in 2 contracts

Samples: Employee Benefits Agreement (Ims Health Inc), Employee Benefits Agreement (Cognizant Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.