Termination of Employee Stock Purchase Plan. On or before the Closing Date, the Company shall terminate it’s Employee Stock Purchase Plan (the “ESPP”). On the earlier of March 31, 2006, or the date the ESPP expires by its own terms, the Company shall suspend contributions to the ESPP.
Termination of Employee Stock Purchase Plan. The Company shall terminate the Amended and Restated 2000 Employee Stock Purchase Plan prior to the Effective Time and shall not permit any new offering period to begin after the date of this Agreement and prior to the Effective Time.
Termination of Employee Stock Purchase Plan. Prior to the time that the Purchaser accepts for payment and pays for the Shares validly tendered in the offer, Monogram will take any and all actions necessary to terminate its 2000 Employee Stock Purchase Plan, effective on the date immediately prior to closing of the merger. Prior to the date of the merger agreement, Monogram took action to suspend such plan. As of the date of the merger agreement, the date the plan is terminated and the closing date of the merger, no rights are or will be outstanding under the plan providing any plan participant with the right to purchase any share of Common Stock, and Monogram has not taken any action and is not under any obligation to provide for the future grant of any such rights.
Termination of Employee Stock Purchase Plan. As promptly as practicable after the date hereof, the Company shall take all action as may be required to provide that (i) the ESPP shall terminate immediately upon the Purchase Date (as defined in the ESPP) of the current Offering Period (as defined in the ESPP), (ii) no new Offering Periods shall commence on or after the date hereof (for the avoidance of doubt, the current Offering Period and scheduled Purchase Date shall occur in accordance with the applicable provisions of the ESPP), and (iii) to the extent permitted pursuant to the terms of the ESPP, no individual currently participating in the ESPP may (x) increase the percentage of his or her Compensation (as defined in the ESPP) that such participant has subscribed for deduction with respect to the ESPP as of the date hereof, or (y) provide any contributions for ESPP purchases other than pursuant to previously selected Compensation deductions. Following the Purchase Date of the current Offering Period, there shall no longer remain any outstanding rights to purchase Shares under the ESPP.
Termination of Employee Stock Purchase Plan. The Company shall accelerate the next exercise date under its Employee Stock Purchase Plan to November 9, 2001 and shall thereafter terminate such Plan.
Termination of Employee Stock Purchase Plan. The Company shall suspend indefinitely its Employee Stock Purchase Plan effective as of December 31, 1996, and the Company shall not issue any rights to acquire Company Common Stock under such plan prior to such date. ARTICLE VII
Termination of Employee Stock Purchase Plan. Novoste suspended the Novoste ESPP in December 2004 and shall take no action to commence any new offering period thereunder.
Termination of Employee Stock Purchase Plan. The Board of Directors of the Company shall have passed and not rescinded resolutions effectively terminating the Company's 2001 Employee Stock Purchase Plan prior to the Closing, and Parent shall have been furnished evidence of such termination.
Termination of Employee Stock Purchase Plan. Between the date of this Agreement and the Effective Time, the Company shall take all necessary action (which shall be effective as of the Effective Time) to terminate the Company’s Employee Stock Purchase Plan, including incurring reasonable and customary expenses relating to the termination of such Plan.
Termination of Employee Stock Purchase Plan. The Company has terminated its Employee Stock Purchase Plan ("ESPP"), which is of no further force and effect, and has not implemented any similar plan in lieu thereof. Neither the Company, nor any agent or affiliate of the Company is holding any cash on behalf of, or for the benefit of, any employees of the Company in connection with the ESPP. The expiration date for the final offering period thereunder was November 9, 2001, and no new offering period has been commenced thereunder.
