Examples of Holdings Options in a sentence
Trenwick, LaSalle Holdings and New Holdings shall use all commercially reasonable efforts to cause the New Holdings Shares to be issued in accordance with the Plans and the New Holdings Shares to be reserved for issue upon exercise of New Holdings Options to be approved for listing on the NYSE, subject to official notice of issuance, prior to the Closing Date.
The exchange of the Investment Options solely for Holdings Options pursuant to this Section 4 shall be in pursuance of the plan of reorganization of Kmart (within the meaning of Treasury Regulation Section 1.368-2(g)) set forth in the Merger Agreement.
Holdings Options and Holdings RSUs shall be governed by an equity incentive plan of Holdings to be adopted as soon as reasonably practicable following the Closing Date (the “Holdings Plan”).
The Holdings Plan shall contain substantially the same terms, including the number of Holdings Options and Holdings RSUs available for issuance, as those provided under the Company’s 2010 Equity Incentive Plan currently in effect.
Immediately after the Restructuring, Holdings will not have outstanding any stock or securities convertible or exchangeable for any shares of its capital stock or containing any profit participation features, nor any rights or options to subscribe for or to purchase its capital stock or any stock or securities convertible into or exchangeable for its capital stock or any stock appreciation rights or phantom stock plans, except for the Outstanding Holdings Stock and the Holdings Options.
Each of the Parties shall properly administer (i) exercises of vested Adjusted HERC Holdings Options and New Hertz Holdings Spin Options, (ii) the vesting and forfeiture of other unvested HERC Holdings Awards and New Hertz Holdings Awards, and (iii) the withholding and reporting requirements with respect to all awards.
Thereafter, all Holdings Options will be deemed cancelled, and each holder of a Class 10 Interest will be paid a distribution of the remaining Liquidation Proceeds on a per share basis with holders of Interests in Classes 8, 9 and 11.
All rights with respect to Holdings interests under substituted Holdings Options shall thereupon be converted into rights with respect to Zordich Common Stock, as equitably adjusted pursuant to this Section 6.5(a).
LaSalle Re undertakes to use commercially reasonable efforts to obtain the consent of each of the holders of such options to the cancellation of such options and replacement thereof with New Holdings Options, the terms of which shall be no less favorable than the terms currently applicable to such options.
The Assumed Options shall be deemed Holdings Options for purposes of Section 2.8(b) of the Merger Agreement and EXCEL agrees that the Holders of the Assumed Options shall be entitled to the benefits thereof as if the provisions of Section 2.8 were set forth herein.