Examples of Management Equity Plans in a sentence
Pursuant to the Management Equity Plans to be adopted for the Reorganized Debtors an aggregate of approximately 4.25% of the outstanding common shares of certain of the Reorganized Debtors on a fully diluted basis may be available for issuance of Employee Options for certain employees of the Reorganized Debtors, subject to the conditions of such Management Equity Plan.
On the Effective Date, and subject to the separate affirmative vote in favor of the Sunbeam Corporation Plan by the holders of Allowed Secured Bank Claims in Class 3, which holders will receive, in the aggregate, 100% of the common shares of Reorganized Sunbeam to be issued under the Sunbeam Corporation Plan, the Boards of Directors of Reorganized Sunbeam and the Reorganized Debtors shall adopt the Management Equity Plans for the Reorganized Debtors.
For a description of the Management Equity Plans see Section VIII.C.2 of this Disclosure Statement.
Any stock options, RSUs or other equity awards granted to Executive shall be subject to the terms and conditions of the applicable Management Equity Plans and such awards.
Any executed Ballots with respect to Secured Bank Claims which are timely received but which do not indicate either approval or rejection of the Management Equity Plans will be deemed to constitute an approval of the Management Equity Plans.
Terms of New Warrants: Number of Warrants: Holders of Allowed Subordinated Note Claims may be issued New Warrants to purchase up to 1% of Reorganized Sunbeam Common Stock on the Effective Date, subject to dilution by shares issued upon the exercise of options granted under the Management Equity Plans.
See Section VIII.C for a description of the Management Equity Plans.
The Company also agrees that if you remain employed by the Company through April 30, 2020, you shall be eligible to receive awards under the Management Equity Plans and bonus payments under the Annual Bonus Plans, to the extent awards and bonuses are offered to other similarly situated executives and subject to the approval by the Compensation Committee of the Board.
Holders of Allowed Secured Bank Claims will receive under the Plan 100% of the shares of common stock of Reorganized Sunbeam, subject to dilution by issuance of the Management Investment Securities and issuance and exercise of the New Warrants (if any) and/or the Employee Options and, in their capacity as the shareholders of Reorganized Sunbeam immediately following the Effective Date, also shall indicate on their Ballots their approval or rejection of the Management Equity Plans.
Holders of Allowed Secured Bank Claims will receive under the Plan 100% of the shares of common stock of Reorganized Sunbeam, subject to dilution by issuance of the Management Investment Securities and issuance and exercise of the New Warrants (if any) and the Employee Options and, in their capacity as the shareholders of Reorganized Sunbeam immediately following the Effective Date, also shall indicate on their Ballots their approval or rejection of the Management Equity Plans.