Management Equity Incentive Program definition
Management Equity Incentive Program means the management equity incentive program to be established on or after the Effective Date by Reorganized Parent under which options, equity or other equity-based grants equal to 8% of the total common stock or common units, as applicable, of Reorganized Parent on a fully diluted basis as of the Effective Date will be reserved for issuance to members of management of the Reorganized Debtors, the specific terms of which program (including the participants therein) will be determined by the board of directors or board of managers, as applicable, of Reorganized Parent.
Management Equity Incentive Program means the management equity incentive program to be established promptly after the Effective Date by Reorganized Stone which shall provide for the grant of up to 10% of the New Common Stock (or warrants or options to purchase New Common Stock or other equity-linked interests) on a fully diluted basis to certain members of management, the specific form, allocation and terms of which shall be determined by the Reorganized Stone Board (or a committee thereof).
Management Equity Incentive Program means that certain incentive plan to be implemented on or after the Effective Date as is more specifically described at Exhibit C attached hereto, by which the Reorganized Debtors shall
Examples of Management Equity Incentive Program in a sentence
No adjustment need be made under this Section 12 for any issuance of options, equity or equity-based grants or other securities pursuant to the Company’s Management Equity Incentive Program (as defined in the Plan).
More Definitions of Management Equity Incentive Program
Management Equity Incentive Program means the management equity incentive program to be established promptly after the Effective Date by Reorganized Stone which shall provide for the grant of up to 10% of the New Common Stock (or warrants or options to purchase New Common Stock or other equity-linked interests)
Management Equity Incentive Program means that certain management compensation incentive program and all documents entered into in connection therewith, establishing a reserve of 10% of New Common Stock on a
Management Equity Incentive Program means that certain Orchard Brands Corporation Management Equity Incentive Program adopted pursuant to the Plan, as such Management Equity Incentive Program may be amended, modified, supplemented or restated from time to time in accordance with its terms.
Management Equity Incentive Program means a management incentive compensation program that provides for a reserve of New Common Stock on the Effective Date equal to 10% of the Outstanding New Common Stock on a fully diluted basis for issuance in connection with the grant of compensatory equity incentive awards to management in such amounts and on such terms and conditions as determined by the New Hawaiian Telcom Holdco Board in its discretion. The Management Equity Incentive Program represents a fundamental aspect of the Plan, and both the Debtors and the Senior Secured Parties expressly intend that a meaningful portion of the share reserve under the Management Equity Incentive Program shall be subject to issuance pursuant to equity awards granted by the New Hawaiian Telcom Holdco Board as soon as reasonably practicable but in no event later than sixty (60) days following the Effective Date.
Management Equity Incentive Program means that certain post-Effective Date equity incentive program, which shall consist of restricted stock units, stock options, stock appreciation rights and/or similar rights and interests, with 10% of the New Common Stock issued on the Effective Date reserved for such program.