Subsidiary Disposition definition

Subsidiary Disposition means the disposition by the Company of its equity holdings in any Subsidiary effected by a merger or consolidation involving that Subsidiary, the sale of all or substantially all of the assets of that Subsidiary or the Company’s sale or distribution of substantially all of the outstanding capital stock of such Subsidiary.

Subsidiary Disposition means, with respect to a Participant who is at the time engaged primarily in continuous service with a Subsidiary (and except as may be otherwise prescribed by the Committee in an Award Agreement): (i) any Person, other than the Company or an Affiliate, acquires Beneficial Ownership of securities of the particular Subsidiary having at least fifty percent (50%) of the voting power of such Subsidiary’s then outstanding securities; or (ii) the particular Subsidiary sells to any Person other than the Company or an Affiliate all or substantially all of the assets of the particular division thereof to which the Participant is assigned.

Subsidiary Disposition means the disposition by the Company of its equity holdings in the Principal Subsidiary effected by a merger involving the Principal Subsidiary (other than a merger into or with the Company), the sale of all or substantially all of the assets of the Principal Subsidiary, or the sale or distribution of substantially all of the outstanding capital stock of the Principal Subsidiary.

Examples of Subsidiary Disposition in a sentence

• The Committee may provide that any Awards so vested or released from such limitations in connection with a Subsidiary Disposition, shall remain fully exercisable until the expiration or sooner termination of the Award.

• The Committee also shall have the authority to condition any such Award vesting and exercisability or release from such limitations upon the subsequent termination of the affected Participant’s Continuous Service with that Subsidiary within a specified period following the effective date of the Subsidiary Disposition.

• The Award shall be subject to the provisions of Section 11 of the Plan relating to the vesting or termination of the Award in the event of a Corporate Transaction, Change in Control or Subsidiary Disposition.

• The Committee may provide that any Awards so vested or released from limitations in connection with a Subsidiary Disposition, will remain fully exercisable until the expiration or sooner termination of the Award.

• The Committee also shall have the authority to condition any such Award vesting and exercisability or release from such limitations upon the subsequent termination of the affected Participant's Continuous Service with that Subsidiary within a specified period following the effective date of the Subsidiary Disposition.

More Definitions of Subsidiary Disposition

Subsidiary Disposition has the meaning set forth in the recitals.

Subsidiary Disposition means the sale of the capital stock or substantially all of the assets of a Subsidiary or Subsidiaries of the Borrower [***].

Subsidiary Disposition means the disposition by Musgrove of all of its shares and other interest in the Subsidiary prior to the Amalgamation.

Subsidiary Disposition means the disposition by the Company of its equity holdings in any Subsidiary effected by a merger or consolidation involving that Subsidiary, the sale of all or

Subsidiary Disposition means the disposition by the Company of its equity holdings in any Subsidiary effected by a

Subsidiary Disposition means the disposition by the Company of its equity holdings in any subsidiary corporation effected by a merger or consolidation involving that subsidiary corporation, the sale of all or substantially all of the assets of that subsidiary

Subsidiary Disposition has the meaning set out in Section 10.4.