Common use of Restricted Share Plan Clause in Contracts

Restricted Share Plan. As of the Closing, the Purchaser shall establish a discretionary restricted share unit pool consisting of [***] Purchaser Shares under a restricted share plan (the “Restricted Share Plan”) to be established by the Purchaser to be used for purposes of retaining and incentivizing key employees of the Companies, the Subsidiaries and the Group Companies who are employed by such Persons as of the Closing (the “Key Employees”). Grants of restricted Purchaser Shares under the Restricted Stock Plan shall be made by the Purchaser substantially contemporaneously with the date of the Closing to those Key Employees who are selected by the Purchaser, with consent of the Seller acting reasonably, to participate in the Restricted Stock Plan.