Examples of Deferred Share Agreement in a sentence
This Agreement shall not supersede (i) the Deferred Share Agreement dated October 9, 2007 between Executive and Texas Energy Future Holdings Limited Partnership (the “Deferred Share Agreement”), (ii) Executive’s entitlement on January 2, 2008 to the LTIP Payment, as defined in the Deferred Share Agreement (subject to reduction as provided in Section 2.1 of the Deferred Share Agreement), and (iii) Section 6.11 of the Merger Agreement.
Concurrently with the Option Cancellation upon the execution of this Agreement, (a) the Executive shall deliver to the Company the Stock Option Agreements evidencing the Options, or other appropriate documentation, in the discretion of the Company, if such Stock Option Agreements have been lost, stolen, destroyed or the Executive is otherwise unable to deliver any of such Stock Option Agreements and (b) the Company and the Executive shall execute and deliver the Deferred Share Agreement.
Dividend Equivalents resulting in fractional shares shall be held for the credit of the Participant until the final distribution of the Participant’s Deferred Shares that are subject to the same Deferred Share Agreement.
The Committee may, in its sole discretion, at the time of the award of Deferred Shares determine that the Deferred Shares shall be issued after the Deferral Period either in a lump sum or any such periodic installments as the Committee may determine, in its sole discretion (all as shall be set forth in the Deferred Share Agreement).
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Awards of Deferred Shares must be accepted by the Participant within 30 days (or such other period as the Committee may specify at or before grant) after the grant date by executing the Deferred Share Agreement.
Deferred Shares shall be subject only to such change in control or similar provisions as are established by the Committee, in its sole discretion, at or before grant and set forth in the applicable Deferred Share Agreement.
The Option Award shall be subject to the further terms and conditions of the Management Stockholder’s Agreement and the Sale Participation Agreement each in substantially the form attached as Exhibit III and IV, respectively; and (ii) deferred share units (“Deferred Share Units”) representing the right to receive 225,000 shares of Stock on terms and conditions set forth in the Deferred Share Agreement in substantially the form attached as Exhibit II.
Upon expiration of the Deferral Period and satisfaction of all other conditions to issuance of the Deferred Shares under the applicable Deferred Share Agreement, the Company shall, as soon as reasonably practicable thereafter, issue the Shares covered by the Deferred Share Award.
As soon as administratively possible but in no event later than thirty (30) days following expiration of the Revocation Period, in lieu of any rights Executive may have under the Deferred Share Agreement dated October 9, 2007 between Executive and Texas Energy Future Holdings Limited Partnership, the Company will pay to Executive the amount of three million dollars ($3,000,000).