Examples of Joint Service Employee in a sentence
Notwithstanding any other provision of this Agreement, each Joint Service Employee Wireline Option and Joint Service Employee Remaining NTELOS Option held by a Joint Service Employee will remain outstanding pursuant to its terms and shall not be adjusted in the event the Joint Service Employee becomes a Delayed Transfer Employee and/or an NTELOS Delayed Transfer Employee.
Nothing herein shall otherwise change the treatment of such individual for any other purposes of this Agreement, and a Joint Service Employee shall constitute an NTELOS Employee, a Wireline Employee, a Delayed Transfer Employee or an NTELOS Delayed Transfer Employee, as applicable, for all other purposes of this Agreement.
Each NTELOS Restricted Stock Award outstanding under the NTELOS Stock Plans at the Distribution Time which is held by any person other than a Wireline employee (and other than a Joint Service Employee) shall remain an NTELOS Restricted Stock Award issued under the NTELOS Stock Plans (each such award, a “Remaining NTELOS Restricted Stock Award”).
Each Joint Service Employee Remaining NTELOS Option shall be subject to the same terms and conditions after the Distribution as the terms and conditions applicable to the corresponding NTELOS Option prior to the Distribution.
The Parties acknowledge and agree that blackout periods may be implemented with respect to the Remaining NTELOS Options, the Wireline Options, the Delayed Transfer Wireline Options, the Joint Service Employee Remaining NTELOS options and the Joint Service Employee Wireline Options for administrative reasons in accordance with the terms of the NTELOS Stock Plans or the Wireline Equity Incentive Plan, as applicable.
Additionally, each such Joint Service Employee shall receive as of the Distribution Time an option to purchase shares of Wireline Common Stock (each such option, a “Joint Service Employee Wireline Option”) pursuant to the terms of the Wireline Equity Incentive Plan subject to terms and conditions after the Distribution that are substantially similar to (to the extent practicable) the terms and conditions applicable to the corresponding NTELOS Option immediately prior to the Distribution.
Each Joint Service Employee Remaining NTELOS Restricted Stock Award shall be subject to the same terms and conditions after the distribution as the terms and conditions applicable to the corresponding NTELOS Restricted Stock Award prior to the distribution.