Notional Shares. (a) Treatment of IR Notional Shares Held by IR Group Employees, IR Directors and Former IR Group Employees. IR Notional Shares held by an IR Group Employee, IR Director or a Former IR Group Employee immediately prior to the Effective Time shall be adjusted by dividing the number of IR Notional Shares held by such individual by the IR Ratio. If the resulting product includes a fractional share, the number of adjusted IR Notional Shares shall be rounded up to the nearest whole share. The terms and conditions (including vesting terms) to which the IR Notional Shares are subject shall be substantially the same terms and conditions before and after the Effective Time.
Appears in 4 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement (Ingersoll-Rand PLC), Employee Matters Agreement (Allegion PLC)
