Shareholder Approval Condition definition
Examples of Shareholder Approval Condition in a sentence
Subject to all the terms and conditions set forth in this Agreement and the Plan, including Section 1, the Company shall issue to the Grantee a number of Shares equal to the number of Vested Units (or if the Shareholder Approval Condition is not met, the cash equivalent thereof) no later than sixty (60) days after the Vesting Date.
The Break Fee shall be paid in full by telegraphic transfer in immediately available cleared funds to the account nominated by the Sellers to CB&I within three (3) Business Days of the failure by CB&I to satisfy the Shareholder Approval Condition.
ABB undertakes to CB&I that it will procure that the Asbestos Condition is satisfied by no later than the third (3rd) Business Day following the satisfaction of the Regulatory Condition and the Shareholder Approval Condition.
In the event the Shareholder Approval Condition is not satisfied (and for the sake of clarity, is not satisfied before the occurrence of an Accelerated Vesting Date, if applicable), each PRSU represents the right to receive an amount in cash equal to the closing price of a Share on the Vesting Date with respect to each Vested Unit, subject, as applicable, to achievement of the applicable Performance Criteria, and certification by the Committee thereof.
The Purchaser shall reasonably cooperate with Topco as reasonably necessary to enable Topco to satisfy the Shareholder Approval Condition.
AII shall utilize its reasonable best efforts to cause the Shareholder Approval Condition to be met on or before April 15, 2011.
The Grant shall be subject to vesting of 128,333 shares on March 25, 2024 and the balance of 166,667 shares on March 25, 2025 (the “Vesting Period”); provided that any such vesting shall not be deemed to occur in each case until the satisfaction of the Shareholder Approval Condition.
The Company shall use its reasonable best efforts to cause the Shareholder Approval Condition to be satisfied following the Initial Closing.
Subject to the terms and conditions of this Agreement, including the satisfaction of the Shareholder Approval Condition (as defined below), the Company has authorized the sale of the Shares.
Topco has all requisite legal and corporate power and authority to execute and deliver this Agreement, carry out and perform its obligations under this Agreement and consummate the Transactions (assuming satisfaction of the Shareholder Approval Condition and the Regulatory Approval Condition).