Examples of Holdings Plan in a sentence
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.
Acquiror shall cause the Acquiror Sub Surviving Corporation or any of the Transferred Companies, as the case may be, to (A) prepare and file any Tax Returns required to be filed in connection with Withholding Taxes and Employment Taxes within the time and manner prescribed by applicable Law and (B) prepare and provide to persons who exercised such Cendant Options or received payments with respect to the Holdings Plan, any statement, form or other document required to be provided under applicable Law.
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.
Trenwick Employees and LaSalle Holdings Employees shall be given credit for amounts paid under a corresponding benefit plan during the same period for purposes of applying deductibles, copayments and out-of-pocket maximums as though such amounts had been paid in accordance with the terms and conditions of the New Holdings Plan.
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.
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.
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.
Holdings shall be responsible for all amounts payable pursuant to the Holdings Plan (other than severance payments due thereunder) and shall pay all amounts due thereunder (other than severance payments due thereunder) to the Acquiror Sub Surviving Corporation (which shall immediately pay or cause to be paid all such amounts to the appropriate employees entitled thereto) as and when such amounts become due.