New Management Incentive Plan definition

New Management Incentive Plan means a post-Effective Date equity incentive plan providing for the issuance from time to time, as approved by the New Board, of equity and equity-based awards with respect to New Common Stock in the aggregate and on a fully-diluted basis, of up to five percent (5%) of the New Common Stock issued or to be issued as of the Effective Date.

New Management Incentive Plan means a management incentive plan to be implemented on or after the Effective Date, subject to the terms of the Restructuring Term Sheet, providing for grants of restricted units, Cash, options, warrants, and/or other equity-based compensation to the management of the Reorganized Debtors of up to 10% of the New Class A LLC Units of Reorganized Parent. A form of the New Management Incentive Plan shall be included in the Plan Supplement.

New Management Incentive Plan means a post-Effective Date equity incentive plan providing for the issuance from time to time, as approved by the New Board, of New Limited Partnership Interests to those individuals involved in day-to-day management of the Reorganized Debtors. The New Board shall determine allocation and other terms of the New Management Incentive Plan.

Examples of New Management Incentive Plan in a sentence

• As soon as reasonably practicable after the Effective Date, Reorganized Parent will adopt the New Management Incentive Plan, which will be on the terms and conditions (including any and all awards granted thereunder) determined by the New Board (including with respect to participants, allocation, timing, and the form and structure of the options, warrants, and/or equity compensation thereunder).

• The New Common Stock issued under the New Management Incentive Plan will dilute all of the New Common Stock equally.

• The New Common Stock will constitute a single class of equity securities in Reorganized Parent on the Effective Date and, other than the New Common Stock issued under the New Management Incentive Plan and the New Warrants, there will exist no other equity securities, warrants, options, or other agreements to acquire any equity interest in Reorganized Parent as of the Effective Date.

• All shares of New Common Stock are subject to dilution based on future issuances of additional shares of New Common Stock, including in connection with the conversion of the New Convertible Preferred Stock, the exercise of the New Warrants, and the issuance of restricted shares of New Common Stock and options under the New Management Incentive Plan for key employees.

• After the Effective Date, the New Management Incentive Plan may be amended or modified from time to time by the New Board only to the extent permitted by the terms of the New Management Incentive Plan, and any such permitted amendment or modification shall not require an amendment of the Plan.

More Definitions of New Management Incentive Plan

New Management Incentive Plan means a post-Effective Date equity incentive plan providing for the issuance from time to time, as approved by the New Board, of New Class A Shares to senior management of the Reorganized Debtors representing, in the aggregate and on a fully-diluted basis, up to seven percent (7%) of the New Equity Interests issued or to be issued as of the Effective Date.

New Management Incentive Plan means the management incentive plan (inclusive of equity grants and other incentive awards, severance protection and certain retirement program changes), to be evidenced by documents substantially in the forms included in the Plan Supplement, to be implemented on the Effective Date pursuant to Section 5.8 of the Plan.

New Management Incentive Plan means a post-Effective Date equity incentive plan of the Reorganized Debtors.

New Management Incentive Plan means the management equity incentive plan to be adopted by the New Board as described in Article V.H hereof.

New Management Incentive Plan means a post-Effective Date equity incentive plan, if any, providing for the issuance from time to time, as approved by the New Board in their sole discretion, of New Equity Interests and/or options, warrants or other securities to acquire New Equity Interests to management and managers of the Reorganized Debtors. The participants in the New Management Incentive Plan, the allocations of the awards to such participants, and the terms and conditions of such awards shall be determined by the New Board in its sole and absolute discretion.

New Management Incentive Plan means, collectively, the equity incentive and bonus plans and other terms of employment of Senior Management to be adopted by the Buyer Parties on the Effective Date which provide for the issuance of equity awards to officers and key employees of the Debtors. The Plan Supplement will include the forms of the New Management Incentive Plan in substantially the form to be implemented on the Effective Date.

New Management Incentive Plan means the management incentive plan to be implemented by Reorganized DNI, which shall be substantially consistent with the Restructuring Term Sheet.