TXI Common Stock Award Plan. On the Distribution Date, Chaparral shall assume and be solely responsible for all obligations and Liabilities under any outstanding award under the Texas Industries, Inc. Common Stock Award Plan to Xxxxx X. Xxxxxxx and Xxxxxxx X. Xxxxxxx. Such awards to Xx. Xxxxxxx and Xx. Xxxxxxx shall be adjusted in the same manner as unexercisable stock options are adjusted pursuant to Section 5.14(a). TXI will retain sole responsibility for all obligations and Liabilities under any other outstanding award under the Texas Industries, Inc. Common Stock Award Plan.
Appears in 4 contracts
Samples: Separation and Distribution Agreement (Texas Industries Inc), Separation and Distribution Agreement (Chaparral Steel CO), Separation and Distribution Agreement (Chaparral Steel CO)
