Plan Transaction definition
Examples of Plan Transaction in a sentence
This right to accelerated vesting shall in no way (i) limit the Board’s discretion to take the actions set forth in Section 9(c) of the Plan (Transaction) in the event of a Transaction, (ii) alter other terms of the Option Agreement, including the maximum term of the Award, or (iii) apply to any awards granted after the Effective Date, unless such future awards provide for such accelerated vesting.
Any Plan Transaction relating to services provided under this Agreement may be initiated or effected by the Employer, the Plan, a participant or a beneficiary by use of Prudential-authorized electronic means, including a voice response system (generally referred to as Interactive Voice Response, or IVR), Internet access system (including the Prudential Web site) or telephone service line.
In the event that the Company intends to accelerate any options granted under the ESOP Plan for the purpose of its initial public offering, the Company shall take at the same time equivalent measures to lock up, retain and incentivize employees in question in accordance with the ESOP Plan, Transaction Documents and the applicable Laws.
All Plan Transaction Documents that remain subject to negotiation and completion shall contain terms, conditions, representations, warranties, and covenants materially consistent with the terms of this Agreement and the Plan Term Sheet, and shall otherwise be in form and substance reasonably satisfactory to each of (i) Exide and (ii) the Required Consenting Creditors.
Subject to entry of the BCA Approval Order, this Commitment Agreement will have been, and subject to the entry of the Confirmation Order, each other Plan Transaction Document will be, duly executed and delivered by Exide.
Claims Treatment Set forth below and attached on Exhibit A hereto are certain material terms of the Plan Transaction that is contemplated to be effectuated through the Plan and is in all respects subject to the terms of the Restructuring Support Agreement and the Plan.
Timing of the Plan Transaction The Company shall file the Plan and an accompanying disclosure statement, in form and substance consistent with the Restructuring Support Agreement and otherwise acceptable to the Company, Sillerman and the Requisite Noteholders, on or before March 21, 2016.
Change of Corporate Structure and Re-distribution of Equity Allocations Set forth below are descriptions of certain material steps to be taken in connection with the implementation of the Plan Transaction.
Motions The relief sought by the Company in all “first day” motions, “second day” motions and other motions relating to the Plan Transaction (including, without limitation, the amount of any payments sought to be made thereunder), shall be consistent with the Restructuring Support Agreement and shall otherwise be acceptable to the Company, Sillerman and the Requisite Noteholders.
No relationship, direct or indirect, exists between or among Exide or any of its Subsidiaries, on the one hand, and the directors, officers, stockholders, customers or suppliers of Exide or any of its Subsidiaries, on the other hand, that is required by the Exchange Act to be described in the Company SEC Documents and that is not so described in the Company SEC Documents, except for the transactions contemplated by this Commitment Agreement and the other Plan Transaction Documents.