Examples of Company MSU in a sentence
As of the Effective Time, each Company Option, Company RSU and Company MSU shall cease to exist and shall no longer be outstanding, and each holder of a Company Option, Company RSU or Company MSU shall cease to have any rights with respect thereto, other than the entitlements provided for in the applicable provisions of Section 3.3(a) through Section 3.3(e).
For the avoidance of doubt, each Company MSU (or portion thereof) shall terminate without consideration immediately prior to the Effective Time to the extent that the applicable performance criteria have not been satisfied (or deemed satisfied under the Company’s Executive Severance Benefit Plan) as of the Effective Time.
For the avoidance of doubt, any portion of a Company MSU that is not deemed to be earned in accordance with this Section 3.03(d) will be terminated as of the Effective Time for no consideration.
Except as otherwise provided in Section 3.03(d)(i)(B), each such Parent RSU shall continue to have, and shall be subject to, the same terms and conditions as applied to the corresponding Company MSU immediately prior to the Effective Time (including all applicable vesting acceleration provisions); provided that all such Parent RSUs shall be subject to service-based vesting only and shall no longer be subject to any performance-based vesting criteria.
Section 4.3(c)(iii) of the Company Disclosure Letter sets forth an accurate and complete, in all material respects, pro-forma determination of the number of Company MSU Awards and Company PS Awards that would vest based upon the assumed level of performance and the Per Share Merger Consideration, in each case, as of the date and in the amounts specified therein.
Each of Parent, the Exchange Agent, Acquisition Sub, the Company and the Surviving Corporation, as applicable, shall be entitled to deduct and withhold from any amounts otherwise payable pursuant to this Agreement (including under any Company MSU Award Agreement) any amounts as are required to be deducted and withheld with respect to the making of such payment pursuant to the Code or any other applicable Legal Requirement relating to Taxes.
Except as specifically provided above, following the Effective Time, each such restricted stock unit award shall continue to be governed by the same terms and conditions (including time-based vesting terms) as were applicable to such Company MSU immediately prior to the Effective Time.
The deposit for the acquisition of the Land of RMB263,970,000 (equivalent to approximately HK$296,306,325) paid by Haichang Jiade was mainly financed by shareholders’ loans which will be repaid to the Group.
Each such Company MSU shall be deemed to vest in that percentage of the shares of Company Common Stock subject to the Company MSU determined by (i) applying the formula set forth in the award agreement governing the Company MSU, (ii) using the Closing Date as the end of the performance period and (iii) using the Equity Award Cash Consideration Amount as the fair market value of a share of Company Common Stock at the end of the performance period.
Immediately following the Effective Time, each such Converted RSU shall otherwise continue to be governed by the same terms and conditions (including vesting and forfeiture, but excluding any performance vesting conditions) as were applicable to the corresponding Company MSU immediately prior to the Effective Time.