Stockholder Approval of Cal Dive Stock Purchase Plan Sample Clauses

Stockholder Approval of Cal Dive Stock Purchase Plan. Prior to the IPO Closing Date, Helix shall cause Cal Dive to adopt and, as Cal Dive’s sole stockholder, to approve the adoption of a Code section 423 employee stock purchase plan, the Cal Dive Employee Stock Purchase Plan, for eligible Cal Dive employees, with terms and conditions substantially similar to the terms and conditions of the Helix Energy Solutions Group, Inc. 1998 Employee Stock Purchase Plan.