Permissible Assignee definition

Permissible Assignee means an individual or entity designated in the applicable Award Agreement, to which the Participant has properly assigned an Award. For purposes of this Plan and applicable Award Agreements, a Permissible Assignee must be an individual or entity as to which the underlying Common Shares shall be eligible for registration under the Securities Act of 1933 on a form S-8 registration statement promulgated by the SEC.
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Permissible Assignee means (a) any person to whom an assignment is made with the consent of the other party hereto, (b) the Entity in which the Seller's broadcasting business is to be conducted, (c) the Entity in which the Seller's industrial and technology business is to be conducted, or (d) any Entity with a long term credit rating of Baa or higher from ▇▇▇▇▇'▇ Investor Services or of BBB or higher, from Standard & Poor's.
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Permissible Assignee shall have the meaning set forth in Section 10.
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Examples of Permissible Assignee in a sentence

  • The Committee may at any time (a) offer to buy out for a payment in cash or cash equivalents an Option previously granted or (b) authorize an Optionee or Permissible Assignee (if applicable) to elect to cash out an Option previously granted, in either case at such time and based upon such terms and conditions as the Committee shall establish.

  • Each Stock Unit Agreement shall also specify the term of such Stock Unit grant, and the period that the Participant (or Permissible Assignee, if applicable) may settle the vested portion of the Stock Unit following the termination of the Participant’s employment with the Company, a Parent, Subsidiary or Affiliate.

  • To the extent required by applicable Federal, state, local or foreign law, a Participant, Permissible Assignee (if applicable), or successor shall make arrangements satisfactory to the Company for the satisfaction of any withholding tax obligations that arise in connection with the Plan.

  • Upon exercise of an SAR, the Optionee (or Permissible Assignee, if applicable) shall receive from the Company (a) Common Shares, (b) cash or (c) a combination of Common Shares and cash, as the Committee shall determine.

  • The indemnification ------------------------------------ obligations of Buyer and Seller pursuant to this Article 10 shall be binding upon any successor to Buyer or Seller that is not a Permissible Assignee under Section 12.

  • The terms and conditions of this Agreement ---------------------- shall inure to the benefit of and be binding upon the successors and assigns of the Parties; provided, however, that this Agreement may not be assigned or -------- ------- delegated by any Party except to a Permissible Assignee.