Examples of Management Incentive Plan Participants in a sentence
The Executive Management Incentive Plan Participants will be indemnified under the Executive Management Incentive Plan by the Reorganized Debtors for any personal liability related to sales, payroll and single business taxes or similar types of potential exposure.
Pursuant to the Executive Management Incentive Plan, Reorganized LSON will issue 3,750,000 of New Common Stock to the Executive Management Incentive Plan Participants on the Effective Date who shall be prohibited from trading and voting such New Common Stock for one (1) year following the Effective Date.
The remaining 70.0% of the Management Incentive Plan Pool will be available to be allocated after the Plan Effective Date, in the form and on terms as determined by the New Board in consultation with the Management Incentive Plan Participants.
The New Common Stock will be distributed to the Disbursing Agent pursuant to the terms of the Disbursing Agent Escrow Instructions and distributed to Holders of Allowed Class 5 claims as soon as reasonably practicable after the Effective Date, except for 12.5% of the New Common Stock which shall be distributed to the Executive Management Incentive Plan Participants pursuant to the Executive Management Incentive Plan.
Exhibit A - 2 provides a listing of Management Incentive Plan Participants eligible in 2000.
Reorganized RCN will reserve common stock of Reorganized RCN in an amount equal to 7.5% to 10% of the New Common Stock, on a fully diluted basis, for the award of Management Incentive Options to the Management Incentive Plan Participants, the terms and conditions of which will be determined by the Board of Directors of Reorganized RCN.
The New Common Stock will be distributed to the Disbursing Agent pursuant to the terms of the Disbursing Agent Escrow Instructions and held for the benefit of holders of Class 5 claims, except for 12.5% of the New Common Stock which shall be distributed to the Executive Management Incentive Plan Participants pursuant to the Executive Management Incentive Plan.
On the Effective Date, Reorganized LSON shall be authorized and directed to adopt, execute and perform its obligations pursuant to the Executive Management Incentive Plan, including, without limitation, the distribution of New Common Stock and Sale Incentive Bonus to the Executive Management Incentive Plan Participants in accordance with the terms thereof.
Notwithstanding the above, amounts attributable to the Regions Financial Corporation Optional Deferred Compensation Plan for Management Incentive Plan Participants (the “MIP Plan”) shall be distributed in accordance with the Participants’ elections under the MIP Plan.
Reorganized RCN will reserve common stock of Reorganized RCN in an amount equal to 7.5% to 10% of the New Common Stock, on a fully diluted basis, for the award of Management Incentive Options to the Management Incentive Plan Participants, the terms and conditions of which will be determined by the Board of Directors.