Management Equity Plan definition

Management Equity Plan means that certain post-Effective Date director and officer compensation program to be approved and implemented by the New Board as set forth in Article IV of the Plan, substantially in the form set forth in the Plan Supplement. Equity awards in the form of restricted stock, options or warrants for 7.5% of the New Common Stock to be issued under the Plan will be allocated to the Management Equity Plan (on a fully-diluted basis); provided that such equity grant shall not include more than 2.5% in the form of restricted New Common Stock.

Management Equity Plan has the meaning assigned to such term in the Preamble.

Management Equity Plan shall have the meaning set forth in the Recitals.

Examples of Management Equity Plan in a sentence

• The Debtors reserve the right to amend the Management Equity Plan with the consent of the Prepetition Agent and the Required Consenting Lenders at any time prior to the Effective Date.

• The issuance of the New Common Stock by Reorganized Holdings, including options or other equity awards reserved for the Management Equity Plan, is authorized without the need for further corporate action and all of the shares of New Common Stock issued pursuant to the Plan shall be duly authorized, validly issued, fully paid and non-assessable.

• Nothing in this Agreement shall confer upon any Executive any right to be selected again as a Management Equity Plan participant.

• Executive shall continue to participate in the Company’s Amended and Restated 2005 Management Equity Plan and shall participate in the Toys “R” Us, Inc.

• The New Common Stock shall represent all of the Equity Interests in Reorganized Holdings as of the Effective Date and shall be issued to Holders of Prepetition Credit Agreement Claims, subject to dilution by equity issued in connection with the Management Equity Plan or the Rights Offering.

More Definitions of Management Equity Plan

Management Equity Plan means the Company’s incentive equity plan(s) as approved by the Board (as modified by a Manager’s Award Agreement, if applicable).

Management Equity Plan means the management equity plan for the benefit of certain continuing employees of the Reorganized Debtors and non-management members of the New Board, the terms of which are described in the Disclosure Statement.

Management Equity Plan means the management equity plan for certain employees of the Post-Effective Date Debtors on terms reasonably acceptable to the Debtors and the Creditors’ Committee, to be set forth in the Plan Supplement.

Management Equity Plan means the management incentive plan of the Reorganized Debtors,which management incentive plan shall reserve 12% of the New Common Stock for issuance and will be established and implemented by the New Board following the Effective Date on the terms set forth in the Equity Term Sheet.

Management Equity Plan means a management equity compensation plan with the terms set forth in Exhibit H hereto.

Management Equity Plan means the management incentive plan that will be established for certain members of management of the Reorganized Debtors, as more fully described in Article [ ], Section [ ] of the Disclosure Statement.

Management Equity Plan means the equity plan established for certain employees of the Borrower, which plan shall be acceptable to the Agent.