Examples of Holdings Plan in a sentence
The New Warrants shall be issued by Reorganized AWI to AWWD (or to Holdings as the successor to AWWD under the Holdings Plan of Liquidation), consistent with section 7.24 hereof (and shall never be issued or delivered to the Asbestos PI Trust), without any action being required of, or any direction by, the Asbestos PI Trust or the Asbestos PI Trustees in such regard.
If the Holdings Plan of Liquidation is approved as required, Holdings will be dissolved and, as soon as practicable, will wind up its business and affairs in accordance with Pennsylvania law and the Holdings Plan of Liquidation.
AWWD is wholly owned by Holdings, which is expected to dissolve and wind up in connection with the Plan pursuant to the Holdings Plan of Liquidation.
Holdings' board of directors expects to approve, and recommend to Holdings' shareholders approval of, the Holdings Plan of Liquidation, to be effectuated subject to the Plan being confirmed by the Bankruptcy Court.
See V.P, entitled, "THE PLAN OF REORGANIZATION - Holdings Plan of Liquidation." Public shareholders of Holdings do not have any direct interest in AWI, and any distribution to Holdings' shareholders in connection with the Plan will be governed by the Holdings Plan of Liquidation.
In an interview on June 9 in Bogota, Pardo explained: proprietors are landowners with legal titles; possessors work on private idle lands for 10 or more years and thus have claim over those lands; occupants work on untitled idle lands that they can claim after five years; and, leaseholders pay rent for the use of the land.
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.
Approval of Holdings' shareholders of the Holdings Plan of Liquidation will be sought pursuant to a separate proxy statement and proxy, which will be sent to Holdings shareholders and will further describe the Holdings Plan of Liquidation.
The Holdings Management Bonus Program provides for the payment of bonuses solely in the event that the target operating income for Holdings for the year ended December 31, 2002, is at least 90% of the budget approved for Holdings for such year by the "Committee" (as such term is defined in such Holdings Plan) and, if such minimum condition is satisfied, the bonus payable will be based on a sliding scale of between 90% and 110% of the targeted percentages of annual base salary described below.
If the requisite approvals of the board of directors and shareholders of Holdings of the Holdings Plan of Liquidation have not been received by that time, the New Warrants will be issued to AWWD.