Common use of Stock Purchase Plan Clause in Contracts

Stock Purchase Plan. Immediately prior to the Record Date, the ------------------- administrators of the ATL Employee Stock Purchase Plan (the "ATL ESP Plan") will adjust the length of the then current purchase period (as defined in the ATL ESP Plan) to end prior to the Record Date. Shares of ATL Common Stock will be purchased for all eligible participants to allow the participation in the distribution of SONO Common Stock in connection with the Distribution. The purchase period will resume under the ATL ESP Plan on ______, 1998, or such other date determined by the administrators of the ATL ESP Plan.

Appears in 2 contracts

Samples: Employee Benefits Agreement (Sonosight Inc), Employee Benefits Agreement (Sonosight Inc)

AutoNDA by SimpleDocs

Stock Purchase Plan. Immediately prior to the Record Date, the ------------------- administrators of the ATL Employee Stock Purchase Plan (the "ATL ESP Plan") will adjust the length of the then current purchase period (as defined in the ATL ESP Plan) to end prior to the Record Date. Shares of ATL Common Stock will be purchased for all eligible participants to allow the participation in the distribution of SONO Common Stock in connection with the Distribution. The purchase period will resume under the ATL ESP Plan on ______July 1, 1998, or such other date determined by the administrators of the ATL ESP Plan.

Appears in 1 contract

Samples: Employee Benefits Agreement (Sonosight Inc)

AutoNDA by SimpleDocs

Stock Purchase Plan. Immediately prior to the Record Date, the ------------------- administrators of the ATL Employee Stock Purchase Plan (the "ATL ESP Plan") will adjust the length of the then current purchase period (as defined in the ATL ESP Plan) to end prior to the Record Date. Shares of ATL Common Stock will be purchased for all eligible participants to allow the participation in the distribution of SONO HUS Common Stock in connection with the Distribution. The purchase period will resume under the ATL ESP Plan on ______, 1998, or such other date determined by the administrators of the ATL ESP Plan.

Appears in 1 contract

Samples: Employee Benefits Agreement (Handheld Ultrasound Systems Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!