Examples of New Plan in a sentence
New Plan - Enter the first day of your plan year (usually January 1) and the year.
Nothing in this Agreement shall be deemed to (i) establish, amend, or modify any Company Benefit Plan, New Plan or any other benefit or employment plan, program, agreement or arrangement, or (ii) alter or limit the ability of the Surviving Corporation or any of its Subsidiaries or affiliates to amend, modify or terminate any particular Company Benefit Plan, New Plan or any other benefit or employment plan, program, agreement or arrangement after the Effective Time.
In addition, a copy of the New Plan is available for review by Shareholders at the registered office of the Company until the date of the Meeting.
As is common with employee incentive schemes, the New Plan provides the Board with the discretion to, amongst other things, determine that some or all of the Equity Securities granted to a participant under the New Plan (Plan Securities) will not lapse in the event of that participant ceasing their engagement with the Company before such Plan Securities have vested.
The value of the termination benefits that the Board may give under the New Plan cannot be determined in advance.