Incentivisation arrangements Sample Clauses

Incentivisation arrangements. Bidco believes that the ongoing participation of senior management of the ADVANZ PHARMA Group is very important to the future success of the ADVANZ PHARMA Group. Accordingly, Bidco intends to put in place appropriate arrangements for selected members of senior management of the ADVANZ PHARMA Group following completion of the Acquisition. However, no discussions in relation to such arrangements have yet taken place.

Incentivisation arrangements. The Consortium believes that the ongoing participation of senior management of Globalworth is important to Globalworth going forward. Therefore, proposals regarding incentivisation arrangements for management and employees of the Globalworth Group may be considered, following completion of the proposed Offer. However, no discussions relating to such incentivisation arrangements have yet taken place, and no decision has been made by the Consortium with regards to the ongoing participation of senior management of Globalworth.

Incentivisation arrangements. CareTech currently operates a tax-advantaged and non-tax-advantaged discretionary company share option plan (the "CSOP") and a tax-advantaged all-employee save-as- you-earn share option scheme (the "Sharesave Scheme" and together with the CSOP, the "CareTech Option Schemes"). The CareTech Option Schemes are operated for the benefit of selected and eligible employees within the CareTech Group. From Completion, all employees within the Enlarged Group shall be eligible to be invited to participate in the CareTech Option Schemes in respect of any future grant, subject to (in the case of the CSOP) the discretion of the remuneration committee of the Board of CareTech and the satisfaction of any eligibility criteria which must be satisfied under the CareTech Option Schemes. Following Completion, CareTech intends to review the management, governance and incentive structure of CareTech. CareTech has not entered into, and has not had discussions on proposals to enter into, any form of incentivisation arrangements with members of Cambian's management, but may put in place incentive arrangements for certain members of the Cambian management team before and/or following Completion. The headquarters of CareTech will be retained as the headquarters of the Enlarged Group. It is intended that in due course that the current headquarters of Cambian will be vacated. CareTech has no intention to change any of the other principal locations of the Cambian Group's business nor to redeploy any of the fixed assets of the Cambian Group. Cambian does not operate a research and development function, so CareTech is making no statement in this regard under Rule 24.2(a)(i) of the Takeover Code.

Incentivisation arrangements. Cisco wishes to ensure strong business momentum through retention and to ensure that IMImobile employees are fairly treated. Accordingly, ▇▇▇▇▇ has agreed retention arrangements for the Executive IMImobile Directors, each of which is conditional on completion of the Offer. The relevant details are as follows: (a) ▇▇▇ ▇▇▇▇▇, Group Chief Executive Officer of IMImobile, will enter into a new service agreement, pursuant to which he will continue to receive his current base salary of £300,000 per annum; (b) ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, Group Chief Financial Officer of IMImobile, will enter into a new service agreement, pursuant to which he will receive a base salary of £200,000 per annum and, for the first two years following the Effective Date, an annual bridging payment of £60,000 (payable in instalments); and (c) ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, Group Chief Technical Officer of IMImobile, will enter into a new service agreement, pursuant to which he will receive a base salary of INR9,000,000 per annum. After the Effective Date, each of the Executive IMImobile Directors will be eligible to participate in Cisco’s standard annual cash incentive plans that are applicable to others at the same positions and levels within Cisco. In addition, after the Effective Date, the Executive IMImobile Directors will be eligible to receive Cisco equity incentive grants in the ordinary course. In addition, ▇▇▇▇▇ and the Executive IMImobile Directors have agreed to the following retention arrangements, subject to continued employment (the Executive Retention Arrangements): (a) ▇▇▇ ▇▇▇▇▇ will receive a cash payment of USD3,000,000 from Cisco, payable in the following instalments: (i) USD1,000,000 payable on the first anniversary of the Effective Date; and (ii) the remaining USD2,000,000 payable in equal quarterly instalments over the two year period commencing on the first anniversary of the Effective Date; (b) ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ will receive a cash payment of USD1,500,000 from Cisco, payable in the following instalments: (i) USD500,000 payable on the first anniversary of the Effective Date; and (ii) the remaining USD1,000,000 payable in equal quarterly instalments over the three year period commencing on the first anniversary of the Effective Date; and (c) ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ will receive a cash payment of USD500,000 from Cisco, payable on the first anniversary of the Effective Date. The Executive Retention Arrangements are subject to standard leaver terms. Other than as set out above, ▇▇▇▇▇ has not entere...