Management Share Incentive Plan definition
Management Share Incentive Plan means the management share incentive plan contemplated under the Restructuring Agreement and duly adopted by the Company following approval at a meeting of the Company’s shareholders (if required by applicable Dutch law), covering five percent (5%) of the Company’s fully diluted Ordinary Shares immediately following the completion of the Restructuring.
Management Share Incentive Plan shall have the meaning as set forth in Section 4.4.
Examples of Management Share Incentive Plan in a sentence
Effective as of the Effective Time, New MSA assumes each of the 2008 Management Equity Incentive Plan of Mine Safety Appliances Company, the 2008 Non-Employee Directors’ Equity Incentive Plan, the 1998 Management Share Incentive Plan of Mine Safety Appliances Company and the 1990 Non-Employee Directors’ Stock Option Plan and all awards thereunder.
Other terms of the Management Share Incentive Plan, including numbers of options awarded and identities of recipients, will be proposed by the Board of Directors and agreed to by the Ad Hoc Committee, or agents of the Ad Hoc Committee, prior to the Effective Date, and shall be approved at a meeting of the Company’s shareholders as required by applicable Dutch law.