New Equity Incentive Plan definition
Examples of New Equity Incentive Plan in a sentence
The Company shall provide a proposed form of the New Equity Incentive Plan within 30 days after the date of this Agreement.
New Equity Incentive Plan 10% of the Reorganized Parent Common Stock outstanding immediately after the Effective Date shall be reserved to implement a new equity incentive plan (the “New Equity Incentive Plan”) on terms to be negotiated in good faith and disclosed as part of the Plan Supplement; provided that the New Equity Incentive Plan will include customary anti-dilution protections, including, but not limited to, by means of distribution of Reorganized Parent Participating Preferred Stock.
Plan Equity Consideration The Reorganized Parent’s equity capitalization, as of the Effective Date, shall consist of: shares of common stock, par value $0.00001 per share (the “Reorganized Parent Common Stock”); shares of participating preferred stock, par value $0.00001 per share (the “Reorganized Parent Participating Preferred Stock”); and rights to purchase the Reorganized Parent Common Stock pursuant to the Warrants (as defined below) and the New Equity Incentive Plan (as defined below).
Within ten (10) Business Days following the expiration of the sixty (60) day period following the date CayCo has filed current Form 10 information with the SEC reflecting its status as an entity that is not a shell company, CayCo shall file an effective registration statement on Form S-8 (or other applicable form, including Form F-3) with respect to CayCo Ordinary Shares issuable under the New Equity Incentive Plan.
The Company shall have received evidence reasonably acceptable to the Company that OAC’s board of directors shall have adopted the New Equity Incentive Plan in accordance with Section 5.15.