Examples of Open Text in a sentence
Open Text strongly encourages investors to review its financial information in its entirety and not to rely on a single financial measure.
Until the Guideline is met, it is recommended that a Covered Executive retains a portion of any stock option exercise or LTIP award in shares of Open Text stock to contribute to these Guidelines.
Except as provided in paragraph (2) below, all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier to the addresses or telecopier numbers specified elsewhere in this Agreement or, if to a Lender, to it at its address or telecopier number specified in the Register or, if to a Loan Party other than Open Text, in care of Open Text.
The projections that have been or will be made available to the Lenders or the Administrative Agent by Open Text have been or will be prepared in good faith based upon reasonable assumptions.
Upon written request by Open Text, the Administrative Agent shall deliver a copy of the Register to Open Text within 5 Business Days after any such request.
Covered Executives may achieve these Guidelines through the exercise of stock option awards, purchases under the Open Text Employee Stock Purchase Plan (ESPP), through an open market purchase made in compliance with applicable securities laws or through any equity plan(s) Open Text may adopt from time to time providing for the acquisition of Open Text shares.
The Board recommends that the Covered Executives (i) achieve the equity ownership levels within five (5) years of the date of the establishment of these Guidelines (i.e., by October 1, 2014) or, for an executive who becomes a Covered Executive after the date of these Guidelines were adopted, within five (5) years after the date of his/her qualifications as a Covered Executive, and (ii) hold the number of Open Text shares or share equivalents recommended for so long as they are Covered Executives.
Upon receipt of any such notice of resignation, the Majority Lenders shall have the right, with the prior consent of Open Text (except during the occurrence or continuation of an Event of Default, during which no consent shall be required), to appoint a successor, which, in the case of the Administrative Agent, shall be a Lender having a Revolving Credit Commitment and having an office in Toronto, Ontario or an Affiliate of any such Lender with an office in Toronto.
Open Text Corporation, a corporation organized under the laws of Canada (such corporation, and its successors and assigns under the Indenture hereinafter referred to, being herein called the “Company”), promises to pay interest on the principal amount of this Note at the rate per annum shown above.
In a continuing effort to align the interests of the Executives of Open Text Corporation, with the interest of Open Text’s shareholders, the Board of Directors (the “Board”) hereby establishes the following recommended Open Text Equity Ownership guidelines (the “Guidelines”).