Examples of Newco Plans in a sentence
Newco shall assume, effective as of the Closing, the Caldera Plans, Caldera Stock Purchase Plan and non-plan grants and awards, as amended through the Effective Time (collectively, the "Newco Plans").
The Newco Plans shall provide benefits which, together with total cash compensation (including bonus) and options, shall be substantially similar in the aggregate to those provided by Xxxxxxx and Novacor LLC to the Employees immediately prior to the Closing Date.
Newco agrees to use its best efforts to cause the shares of Newco Common Stock issuable in connection with the Mergers, and those required to be reserved for issuance pursuant to the Click2learn Options and Docent Options assumed by Newco and the new or assumed Newco Plans, the Click2learn Warrants and the Docent Warrants (collectively, the “Newco Reserved Shares”), upon official notice of issuance to be authorized for quotation on the Nasdaq National Market.
Newco shall assume, effective as of the Closing, the ----------- Caldera Plans, Caldera Stock Purchase Plan and non-plan grants and awards, as amended through the Effective Time (collectively, the "Newco Plans").
The Newco Plans shall provide benefits which, together with total cash compensation (including bonus) and options, shall be substantially similar in the aggregate to those provided by Edwards and Novacor LLC to the Xxxxxxxes immediately prior to the Closing Date.
Newco agrees to develop as one of the Newco Plans a policy to cover reasonable relocation costs of such employees.
Newco shall pay the Company the sum of $500,000 in two equal installments of $250,000 each (which shall be due on June 30, 1995 and June 30, 1996) for making available to Newco administrative services in connection with the Newco Plans and the Company Welfare Plans whether or not any such services are used by Newco.
With respect to the Company Plans, including, but not limited to, the plans listed on Schedule 7.2(a), Newco shall, effective as of January 1, 1995, take, or cause to be taken, all action necessary and appropriate to establish and maintain substantially equivalent employee benefit plans (the "Newco Plans") for the benefit of Newco Employees who participated in the respective, comparable Company Plan.
At the request of Newco, the Company shall provide to Newco such administrative services in connection with the Newco Plans as Newco and the Company shall mutually agree upon, during the two-year period following the Closing Date.
The Newco Plans shall provide that the SBC Wireless Employees and the BellSouth Wireless Employees shall be credited with such employees' period of service with SBC, a Subsidiary of SBC, BellSouth, or a Subsidiary of BellSouth for purposes of eligibility, participation, and determining the level of benefits under the Newco Plans.