MP Sale definition
MP Sale means a sale in which MP is the successful bidder and in accordance with an asset purchase agreement acceptable to MP and Debtors. HOUSTON\2261364 A-20
Examples of MP Sale in a sentence
At the time of an MP Sale, all executives who received the Time Vested Stock Options and who remain employed with the Company at the time of an MP Sale will receive a one-time grant of restricted shares under the Plan (the “Restricted Shares”).
The Time Vested Stock Options will vest and become exercisable as follows: (1) ratably over three years from the date of grant on each anniversary of grant, or (2) immediately on the date of an MP Sale.