Examples of Key Employee Incentive Plan in a sentence
Notwithstanding the foregoing, for 2019 the Employee shall participate in the Company’s Legacy Reserves 2019 Key Employee Incentive Plan (the “2019 XXXX”) in lieu of receiving any Annual Bonus described in this Section 4, and any references to Annual Bonus or Target Bonus herein shall not include any bonus payable under the 2019 XXXX, which shall be governed solely by the terms therein.
Awards granted pursuant to the Key Employee Incentive Plan shall be made in a form and manner, and upon such terms and conditions, as are mutually agreed between ARYA and the Company (such agreement not to be unreasonably withheld, conditioned or delayed by either XXXX or the Company) prior to the Closing.
The Board has approved the Officer and Key Employee Incentive Plan substantially in the form attached hereto as Exhibit F.
Notwithstanding the foregoing, the Key Employee Incentive Plan will allow HoldCo to reprice awards granted thereunder without the approval of the stockholders of HoldCo.
On April 25, 2018, the Debtors Filed the Debtors’ Motion for Entry of an Order (I) Authorizing and Approving the Debtors’ Key Employee Incentive Plan and (II) Granting Related Relief [Docket No. 673] (the “KEIP Motion”), seeking authority to pay, in the ordinary course of business, certain members of the Debtors’ management team pursuant to a key employee incentive plan (the “KEIP”).