Existing Equity definition
Examples of Existing Equity in a sentence
Subject to approval by RHI’s stockholders, this Plan supersedes the Existing Equity Plans, as described herein.
This Plan shall not, in any way, affect awards under the Existing Equity Plans that are outstanding as of the date this Plan becomes effective.
Upon its effectiveness, the Plan shall supersede the Existing Equity Plans such that no further awards shall be made under the Existing Equity Plans.
Therefore, Holders of Existing Equity Interests are not entitled to vote to accept or reject the Plan.
If RHI’s stockholders do not approve this Plan, no Awards will be made under this Plan and the Existing Equity Plans will continue in effect in accordance with their terms.