Examples of New NTL Management Incentive Plan in a sentence
The New NTL Management Incentive Options shall be issued by New NTL in accordance with the New NTL Management Incentive Plan to be adopted by the compensation committee of the board of directors of New NTL on or after the Effective Date.
Under the New NTL Management Incentive Plan, options to purchase up to 10% of the issued and outstanding shares of New NTL Common Stock as of the Effective Date may be granted from time to time to certain employees of New NTL and, on the Effective Date, New NTL shall reserve up to 20 million shares of New NTL Common Stock for issuance under the New NTL Management Incentive Plan.
The form of the New NTL Management Incentive Plan is annexed as Exhibit Q hereto.
Management Incentive Plans On or after the Effective Date, the compensation committees of the boards of directors of New NTL and Euroco, respectively, are authorized to and shall adopt the New NTL Management Incentive Plan and Euroco Management Incentive Plan.
On or after the Effective Date, the compensation committees of the boards of directors of New NTL and Euroco, respectively, are authorized to and shall adopt the New NTL Management Incentive Plan and Euroco Management Incentive Plan.
The New NTL Management Incentive Plan is intended to provide incentives to certain employees of New NTL and its subsidiaries to incentivize their efforts in fostering and promoting the long term growth and performance of New NTL and to better align such employees' interests with the stockholders of New NTL.
Under the New NTL Management Incentive Plan, options to purchase up to 10% of the issued and outstanding shares of New NTL Common Stock as of the Effective Date may be granted from time to time to certain employees of New NTL and, on the Effective Date, New NTL shall reserve up to 5 million shares of New NTL Common Stock for issuance under the New NTL Management Incentive Plan.
Accordingly, on the Effective Date pursuant to the Plan, New NTL will reserve up to 20 million shares of New NTL Common Stock for issuance under the New NTL Management Incentive Plan.
To achieve this purpose, the Plan provides that on or after the Effective Date, the compensation committee of the board of directors of New NTL is authorized to, and will, adopt the New NTL Management Incentive Plan under which options to purchase up to 10% of the issued and outstanding shares of New NTL Common Stock as of the Effective Date may be granted from time to time to certain employees of New NTL and its subsidiaries.
The New NTL Management Incentive Options shall be issued by New NTL in accordance with the New NTL Management Incentive Plan to be adopted by the compensation committee of the board of directors of New NTL.