Seller Equity Plan definition

Seller Equity Plan means any equity incentive plan maintained by Seller or any of its Affiliates that provides for the grant of Seller Stock Options, Seller RSUs, Seller PSUs or any other equity or equity-related award with respect to Seller Shares, and listed on Section 1.1(k) of the Seller Disclosure Letter.
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Seller Equity Plan means the Ambac Financial Group, Inc. 2020 Incentive Compensation Plan. “Seller Legal Counsel” has the meaning set forth in Section 9.13(a). “Seller PSU Award” means a grant of performance stock units by Seller pursuant to the Seller Equity Plan. “Seller Related Parties” has the meaning set forth in Section 7.3(e). “Seller RSU Award” means a grant of restricted stock units by Seller pursuant to the Seller Equity Plan. “Seller Shareholders Meeting” has the meaning set forth in Section 4.13(b). “Seller Taxes” means any Taxes (i) for which the Company or any of its Subsidiaries is liable pursuant to Treasury Regulations Section 1.1502-6 (or any similar provision of state, local or non-U.S. income Tax Law) as a result of the Company or such Subsidiary having been, prior to the Closing, a member of an affiliated, consolidated, combined, unitary or similar Tax group, or (ii) imposed on the Company or any of its Subsidiaries as a transferee or successor, which Taxes relate to an event or transaction occurring prior to the Closing. “Settlement Agreement” has the meaning set forth in Section 4.19. “Shared Contract” means any contract pursuant to which a third party provides material services or benefits to Seller or one or more of its Affiliates (including the Company and its Subsidiaries) in respect of both the business of the Company and its Subsidiaries and any other business of Seller and its Affiliates (other than the Company and its Subsidiaries). “Shares” has the meaning set forth in the Recitals. “Solvent” has the meaning set forth in Section 2.29 and Section 3.8, as applicable.
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Seller Equity Plan means Seller’s 2009 Equity Incentive Plan.
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Examples of Seller Equity Plan in a sentence

  • To the extent that the cancellation of any Option pursuant to this Section 2.06(a) requires the agreement of the holder of such Option under a Seller Equity Plan, Seller shall use commercially reasonable efforts, including taking reasonable instructions from Buyer, to enter into an agreement with such holder providing for the cancellation of such Option in consideration for the receipt by such holder of the applicable Option Settlement Amount with respect to such Option.

  • Seller shall retain all Liabilities and obligations in respect of all Seller Stock Options, including all responsibility for the administration, exercise and settlement of such Seller Stock Options in accordance with the terms of the applicable Seller Equity Plan, and any tax withholding, payroll tax or other tax obligations that arise in connection with any such exercise or settlement.

  • As set forth in Section 1.2 hereof, neither the Purchaser nor any Affiliate is assuming any Seller Equity Plan or any other Plans of the Seller.

Related to Seller Equity Plan

  • Company Equity Plans means any stock option, stock incentive, stock purchase or other equity compensation plan, sub-plan or non-plan agreement sponsored or maintained by the Company or any Subsidiary or controlled Affiliate of the Company or to which any such entity is a party.

  • Company Equity Awards means the Company Options, Company PSUs and Company RSUs.

  • Equity Awards will mean Executive’s outstanding stock options, stock appreciation rights, restricted stock units, performance shares, performance stock units and any other Company equity compensation awards.

  • Company RSU Award means any award of restricted stock units or performance stock units outstanding under the Company Stock Plans.

  • Prior Plans means, collectively, the Company’s 2006 Long-Term Incentive Plan, as amended, 2009 Long-Term Incentive Plan, 2012 Long-Term Incentive Plan and 2013 Long-Term Incentive Plan. Awards granted under the Prior Plans continue to be governed under the terms of those Prior Plans.