Common use of Parent Equity Awards and Parent SUs Generally Clause in Contracts

Parent Equity Awards and Parent SUs Generally. The Parties shall take all actions necessary or appropriate so that certain Parent Options, Parent RSUs, Parent PSUs, Parent DLTP Awards and Parent SUs (each as defined below) and the CEO Parent Performance Shares shall be adjusted effective as of the Distribution as set forth in clauses (iii) through (viii) of this “General Electric Equity and Equity-Based Awards” subsection of Appendix E, as set forth below. SpinCo acknowledges and agrees to assume the SpinCo Equity Awards and SpinCo SUs (each as defined below) that result from such adjustments and to issue SpinCo Common Stock in connection with any such SpinCo Equity Awards for which the applicable vesting criteria are satisfied.

Appears in 2 contracts

Samples: Employee Matters Agreement (GE Vernova Inc.), Employee Matters Agreement (GE Vernova LLC)

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Parent Equity Awards and Parent SUs Generally. The Parties shall take all actions necessary or appropriate so that certain Parent Options, Parent RSUs, Parent PSUs, Parent DLTP Awards PSUs and Parent SUs (each as defined below) and the CEO Parent Performance Shares and CFO Parent PSUs shall be adjusted effective as of the Distribution as set forth in clauses (iii) through (viiivii) of this “General Electric Equity and Equity-Based Awards” subsection of Appendix EF, as set forth below. SpinCo XxxxXx acknowledges and agrees to assume the SpinCo Equity Awards and SpinCo SUs (each as defined below) that result from such adjustments and to issue SpinCo Common Stock in connection with any such SpinCo Equity Awards for which the applicable vesting criteria are satisfied.

Appears in 1 contract

Samples: Employee Matters Agreement (GE Healthcare Holding LLC)

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Parent Equity Awards and Parent SUs Generally. The Parties shall take all actions necessary or appropriate so that certain Parent Options, Parent RSUs, Parent PSUs, Parent DLTP Awards PSUs and Parent SUs (each as defined below) and the CEO Parent Performance Shares and CFO Parent PSUs shall be adjusted effective as of the Distribution as set forth in clauses (iii) through (viiivii) of this “General Electric Equity and Equity-Based Awards” subsection of Appendix EF, as set forth below. SpinCo acknowledges and agrees to assume the SpinCo Equity Awards and SpinCo SUs (each as defined below) that result from such adjustments and to issue SpinCo Common Stock in connection with any such SpinCo Equity Awards for which the applicable vesting criteria are satisfied.

Appears in 1 contract

Samples: Employee Matters Agreement (GE HealthCare Technologies Inc.)

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