Status of Plan. This Award Agreement is made pursuant to the provisions of the Plan. The Plan is incorporated herein and a copy is attached as Exhibit B. In the event of any conflict between the provisions of the Plan and this Award Agreement, the provisions of the Plan control.
Status of Plan. The Plan is intended to be a plan that is not qualified within the meaning of section 401(a) of the Code and that “is unfunded and is maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees” within the meaning of sections 201(2), 301(a)(3) and 401(a)(1)
Status of Plan. With respect to the portion of any Award that has not been settled or exercised and any payments in cash, Stock or other consideration not received by a grantee, a grantee shall have no rights greater than those of a general creditor of the Company unless the Administrator shall otherwise expressly determine in connection with any Award or Awards. In its sole discretion, the Administrator may authorize the creation of trusts or other arrangements to meet the Company’s obligations to deliver Stock or make payments with respect to Awards hereunder, provided that the existence of such trusts or other arrangements is consistent with the foregoing sentence.
Status of Plan. With respect to the portion of any Award that has not been exercised and any payments in cash, Stock or other consideration not received by a grantee, a grantee shall have no rights greater than those of a general creditor of the Company unless the Administrator shall otherwise expressly determine in connection with any Award or Awards. In its sole discretion, the Administrator may authorize the creation of trusts or other arrangements to meet the Company’s obligations to deliver Stock or make payments with respect to Awards hereunder, provided that the existence of such trusts or other arrangements is consistent with the foregoing sentence.
Status of Plan. (a) Status under ERISA. The Plan is an unfunded plan maintained primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of Title I of the Employee Retirement Income Security Act of 1974, as amended.
Status of Plan. The Plan is intended to be "a plan that is unfunded and is maintained by an employer primarily for the purpose of providing deferred compensation for a select group of Management or highly compensated employees" within the meaning of Sections 201(2) and 301 (a) (3) of the Employee Retirement Income Security Act of 1974 ("ERISA"), and shall be interpreted and administered to the extent possible in a manner consistent with that intent.
Status of Plan. Plan Sponsor represents and warrants that the Plan is a Non-ERISA Plan at all times during the term of this Agreement; provided that, if Plan Sponsor takes any action to subject the Plan to ERISA or otherwise discovers that the Plan is not a Non-ERISA Plan, Plan Sponsor will notify the Company in writing prior to taking such action (or within three business days of such discovery, if applicable) and the Parties will enter into good faith negotiations to amend the terms of this Agreement, including any attachments or schedules thereto, as necessary or appropriate in light of the Plan becoming subject to ERISA.
Status of Plan. This Option is being granted outside of any stock option plan, but the parties agree that this Agreement shall in all respects nevertheless be interpreted in accordance with the provisions of the Company's 2001 Equity Compensation Plan (the "Plan") and the interpretations, regulations and determinations concerning the Plan established from time to time by the Committee in the same manner as if the Option had been granted thereunder, including, but not limited to, the provisions pertaining to (i) the registration or listing of the Shares, (ii) any changes in the Company's capitalization and (iii) any requirements of applicable law. All capitalized terms that appear both in this Agreement and in the Plan shall have the same meanings for purposes of this Agreement as are given to them in the Plan. The Committee shall have the authority to interpret and construe this Agreement, and its decisions shall be conclusive as to any questions arising hereunder.
Status of Plan. With respect to the portion of any Award that has not been exercised and any payments in cash, Stock or other consideration not received by a participant, a participant shall have no rights greater than those of a general creditor of the Company unless the Administrator shall otherwise expressly determine in connection with any Award or Awards. In its sole discretion, the Administrator may authorize the creation of trusts or other arrangements to meet the Company's obligations to deliver Stock or make payments
Status of Plan. With respect to the portion of any Award that has not been exercised and any payments in cash, Stock or other consideration not received by a grantee, a grantee shall have no rights greater than those of a general creditor of the Company unless the Administrator shall otherwise expressly determine in connection with any Award or Awards. In its sole discretion, the Administrator may authorize the creation of trusts or other arrangements to meet the Company’s obligations to deliver Stock or make payments with respect to Awards hereunder, provided that the existence of such trusts or other arrangements is consistent with the foregoing sentence. Cerevel Therapeutics Holdings, Inc. 2020 Equity Incentive Plan
