Stock Purchase Plans Sample Clauses
Stock Purchase Plans. The Depositary shall take such action as shall be necessary or appropriate to permit the record holders of the Depositary Shares to participate in any dividend reinvestment or other stock purchase plan sponsored by the Company that permits the participation by such holders on such terms and conditions as the Company may determine.
Stock Purchase Plans. Immediately upon execution of this Agreement, the Company will terminate (i) all stock purchase and similar plans in which employees and other Persons are entitled to acquire shares of capital stock of the Company from the Company or one of its affiliates and (ii) the Company's Employee Payroll Investment Plan.
Stock Purchase Plans. 11 Section 3.3.
Stock Purchase Plans. 52 6.17 Certain Deliveries Prior to Offer Payment Date....
Stock Purchase Plans. The Corporation may adopt and carry out a stock purchase plan or agreement or stock option plan or agreement providing for the issue and sale for such consideration as may be fixed of its unissued shares, or of issued shares acquired or to be acquired, to one or more of the employees or directors of the Corporation or of a subsidiary or to a trustee on their behalf and for the payment for such shares in installments or at one time, and may provide for aiding any such persons in paying for such shares by compensation for services rendered, promissory notes or otherwise. Any such stock purchase plan or agreement or stock option plan or agreement may include, among other features, the fixing of eligibility for participation therein, the class and price of shares to be issued or sold under the plan or agreement, the number of shares which may be subscribed for, the method of payment therefor, the reservation of title until full payment therefor, the effect of the termination of employment and option or obligation on the part of the Corporation to repurchase the shares upon termination of employment, restrictions upon transfer of the shares, the time limits of and termination of the plan, and any other matters, not in violation of applicable law, as may be included in the plan as approved or authorized by the Board or any committee of the Board.
Stock Purchase Plans. Effective as of the date of this Agreement, each of Nash-Finch and Spartan Stores shall take all necessary action to suspend each of their respective employee or director stock purchase plans, and all monies contributed for the purchase of stock pursuant to such plans that have not been so applied to the purchase of stock shall promptly be refunded to participants.
Stock Purchase Plans. (a) Monsanto has taken, or shall take as soon as practicable after the date hereof, such actions as may necessary or appropriate to accomplish the following with respect to the Monsanto Employee Stock Purchase Plan.
(i) Monsanto has suspended the acceptance of applications by Monsanto Employees and Solutia Employees to participate in the Monsanto Employee Stock Purchase Plan as of July 18, 1997, pending completion of the Distribution.
(ii) Each Monsanto Employee and each Solutia Employee who has any outstanding application under the Monsanto Employee Stock Purchase Plan immediately before the record date for the Distribution shall be given the opportunity to choose among the following alternatives with respect to such application: (A) such application may be settled in full before the record date for the Distribution if such Employee pays the purchase price for the remaining unpurchased shares of Monsanto Common Stock thereunder in full before the record date, in which event such Employee shall become the owner of such Monsanto Common Stock before the record date and will, accordingly, be entitled to receive the Distribution with respect thereto (assuming such Employee remains the owner of such Monsanto Common Stock as of the record date for the Distribution); (B) such application may be cancelled without penalty before the Distribution Date; or (C) such application may continue in effect following the Distribution Date, subject to adjustment as provided in the next sentence. Each application under the Monsanto Employee Stock Purchase Plan that is outstanding as of the Distribution Date shall be adjusted, immediately after the Distribution Date, so that it (I) covers a number of shares of Monsanto Common Stock equal to the number of shares covered by such application immediately before such adjustment, times the Monsanto Ratio (and then, if necessary, rounded up to the nearest one-thousandth of a whole share), and (II) has a per-share purchase price equal to the per-share purchase price of such application, immediately before such adjustment, divided by the Monsanto Ratio (and then, if necessary, rounded down to the nearest whole cent).
(iii) From and after the Distribution Date, Solutia Employees shall be permitted to complete the purchase of Monsanto Common Stock pursuant to applications under the Monsanto Employee Stock Purchase Plan that continue in effect pursuant to clause (C) of Section 2.5(a)(ii), in accordance with the terms and conditions of such...
Stock Purchase Plans. No later than the record date of the Distribution, Transferred Employees shall cease to be eligible to purchase TSC Common Stock under the terms of the TSC 1995 Employee Stock Purchase Plan, and as of the later of (i) the first business day after the record date of the Distribution or (ii) the first day on which eLoyalty Common Stock is traded on a "when issued" basis, Transferred Employees shall become eligible to participate in the eLoyalty 1999 Employee Stock Purchase Plan.
Stock Purchase Plans. The Company shall immediately suspend and shall not accept any further payroll contributions under the Stock Purchase Plans after the date hereof. The Company shall take all necessary actions to permit participants under the Stock Purchase Plans to purchase Company Common Shares prior to the Effective Time with contributions made under the Stock Purchase Plans on or prior to the date hereof (or to obtain a refund of such amounts) and to cause the termination of the Stock Purchase Plans and all rights thereunder as of the Effective Time.
Stock Purchase Plans. The current offerings in process as of the date of this Agreement under the Inprise employee stock purchase plans (collectively, the "ESPP") shall continue, and shares of Inprise Common Stock shall be issued to participants thereunder on the next currently scheduled purchase dates thereunder occurring after the date hereof as provided under, and subject to the terms and conditions of, the ESPP. Inprise may, consistent with past practice, commence new offering periods under the ESPP on or after the date hereof and prior to the Effective Time at an exercise price for each such offering not less than as is required under the ESPP. Immediately prior to the Effective Time, pursuant to the ESPP, all offerings under the ESPP shall be terminated, and each participant shall be deemed to have purchased immediately prior to the Effective Time, to the extent of payroll deductions accumulated by such participant as of such offering period end, the number of whole shares of Inprise Company Stock at a per share price determined pursuant to the provisions of the ESPP, and each participant shall receive a cash payment equal to the balance, if any, of such accumulated payroll deductions remaining after such purchase of such shares. As of the Effective Time, each participant shall receive, by virtue of the Merger, the number of whole shares of Corel Common Stock or cash into which the shares of Inprise Common Stock such participant has so purchased under the ESPP have been converted pursuant to the Merger as provided in Section 2.01 hereof, plus the cash value of any fraction of a share of Corel Common Stock as provided in Section 2.02(e) hereof, plus any dividends or distributions as provided in Section 2.02(c). The ESPP and all purchase rights thereunder shall terminate effective as of the Effective Time.