Stock Investment Options Sample Clauses
The Stock Investment Options clause defines the terms under which individuals or entities may purchase company stock at a predetermined price, typically within a specified timeframe. This clause outlines eligibility, vesting schedules, and any restrictions on exercising the options, such as blackout periods or performance milestones. Its core practical function is to incentivize employees or investors by offering potential financial gain, while also aligning their interests with the long-term success of the company.
Stock Investment Options. (a) No deferrals, employee contributions, employer contributions or exchanges into the MSG Networks Stock Investment Option shall be permitted to be made by MSG Networks Participants or Spinco Participants following the Distribution Date. No deferrals, employee contributions, employer contributions or exchanges into the Spinco Stock Investment Option shall be permitted to be made by MSG Networks Participants or Spinco Participants following the Distribution Date.
(b) The 401(k) Plans will be amended as of the Distribution Date to: (i) create a Spinco Stock Investment Option; (ii) enable the Spinco Stock Investment Option to receive shares of Spinco Common Stock to be distributed in the Distribution on behalf of participants in the 401(k) Plans; and (iii) provide that, following the Distribution, no new amounts may be contributed to the MSG Networks Stock Investment Option or the Spinco Stock Investment Option, whether through employee contributions, employer contributions or exchanges.
Stock Investment Options. (a) No deferrals, employee contributions, employer contributions or exchanges into the CVC Stock Investment Option shall be permitted to be made by MSG Participants following the Distribution Date.
(b) The Cablevision 401(k) Savings Plan will be amended as of the Distribution Date to: (i) create a MSG Stock Investment Option; (ii) enable the MSG Stock Investment Option to receive shares of MSG Common Stock to be distributed in the Distribution on behalf of Cablevision 401(k) Savings Plan participants; and (iii) provide that, following the Distribution, no new amounts may be contributed to a MSG Stock Investment Option, whether through employee contributions, employer contributions or exchanges.
Stock Investment Options. (a) No deferrals, employee contributions, employer contributions or exchanges into the CVC Stock Investment Option shall be permitted to be made by AMC Participants following the Distribution Date.
(b) The CVC 401(k) Savings Plan will be amended as of the Distribution Date to: (i) create an AMC Stock Investment Option; (ii) enable the AMC Stock Investment Option to receive shares of AMC Class A Common Stock to be distributed in the Distribution on behalf of CVC 401(k) Savings Plan participants; and (iii) provide that, following the Distribution, no new amounts may be contributed to an AMC Stock Investment Option, whether through employee contributions, employer contributions or exchanges.