Emergence Date definition

Emergence Date means the date of a “change in control event” (as defined for purposes of Section 409A of the Code and the regulations thereunder) that coincides with the effective date of a Chapter 11 plan of reorganization.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Emergence Date means the effective date of a Chapter 11 plan of reorganization.

Emergence Date means October 24, 2014.

Examples of Emergence Date in a sentence

• The Restricted Stock Units and Options granted pursuant to the Executive LTIP shall, subject to the treatment of the Executive LTIP upon termination of Executive’s employment as provided in the LTIP Award Agreement, vest over a period of three years, with 25% to vest six months after the Emergence Date, 25% to vest one year after the Emergence Date, 25% to vest two years after the Emergence Date and 25% to vest three years after the Emergence Date.

• The Stock Options granted 45 days after the Emergence Date shall have an exercise price equal to the closing price of a share of Common Stock on The New York Stock Exchange or, if the Common Stock is not traded on The New York Stock Exchange, the midpoint of the bid and ask price of a share of Common Stock on the OTC Bulletin Board, on the date of grant of such Stock Options.

• The exact number of Stock Options granted ten days following the Emergence Date shall be determined based upon a Black-Scholes or other valuation model, using reasonable assumptions as determined in good faith by the Compensation Committee of the Board.

• The exact number of Stock Options granted 45 days after the Emergence Date shall be determined based upon a Black-Scholes or other valuation model, using reasonable assumptions as determined in good faith by the Compensation Committee of the Board.

• The Stock Options granted ten days following the Emergence Date shall have an exercise price per share equal to the closing price of a share of Common Stock on The New York Stock Exchange or, if the Common Stock is not traded on The New York Stock Exchange, the midpoint of the bid and ask price of a share of Common Stock on the OTC Bulletin Board, on the date of grant of such Stock Options.

More Definitions of Emergence Date

Emergence Date means October 4, 2002.

Emergence Date means the day (a) that is the Business Day selected by the Debtors (as defined under the Reorganization Plan) after the date of the Confirmation Order on which all conditions specified in Article IX.A of the Reorganization Plan have been satisfied or waived pursuant to Article IX.B of the Reorganization Plan; (b) the Emergence Transactions shall have occurred; and (c) the Reorganization Plan shall have been substantially consummated.

Emergence Date means the effective date of the Plan of Reorganization.

Emergence Date means the date that the Company consummates its Chapter 11 plan of reorganization.

Emergence Date means November 30, 2009, which is the date the Corporation emerged from chapter 11 bankruptcy protection.

Emergence Date means the date of Emergence, as defined.

Emergence Date means the day upon which the Plan is substantially consummated.