Examples of Newco Equity Plan in a sentence
Newco shall be responsible for all Liabilities associated with awards made under the Newco Equity Plan.
The Parties hereby acknowledge and agree that nothing in this Article V shall be construed to require (a) Vornado or any of its Affiliates to continue the Vornado Equity Plan before or after the Effective Time, or (b) Newco or any of its Affiliates to continue the Newco Equity Plan before or after the Effective Time.
Vornado and Newco shall take all actions as may be necessary or advisable to adopt and obtain approval of the Newco Equity Plan (and the awards in respect of Newco Common Shares thereunder) in order to satisfy the requirement of Rule 16b-3 under the Exchange Act, and the applicable rules and regulations of any applicable exchange on which Newco Common Shares will be traded.
Each of Vornado and Newco reserves the right, in its sole discretion, to amend or terminate the Vornado Equity Plan (and the awards thereunder) and the Newco Equity Plan (and the awards thereunder), respectively, at any time after the date of this Agreement, to the extent permitted or required under the terms of the Vornado Equity Plan, Newco Equity Plan or applicable Law; provided that no such amendment or termination shall prevent the actions described in Article V.
The Newco Equity Plan shall be approved prior to the Effective Time by Vornado as Newco’s sole shareholder.
The Newco Equity Plan shall be approved prior to the Effective Time by VRLP as Newco’s sole shareholder.
This includes working with the U.S. Government interagency team in developing the Integrated Country Strategy and guiding the USAID OSLC team in developing a Country Strategic Framework, Results Framework, and other strategic documents.
Promptly after the Closing, Newco will grant a number of Formation Units (as defined in the limited partnership agreement of Newco LP, dated as of ·, 2017) under the Newco Equity Plan up to $100,000,000 divided by the average of the high and low prices of the Newco stock on the NYSE on the first trading day following the Effective Time (the “Formation Unit Pool”).
However, as to the issue of whether the trial court erred in limiting the length of trial, the specific standard of review is for abuse of discretion.
The Company represents and warrants that the Allocation Schedule (and the calculations and determinations set forth therein) complies in all respects with the Company Organizational Documents and the Company UAR Plan and the TK Newco Equity Plan, and, as applicable, Section 409A of the Code.