Examples of Superseded Plan in a sentence
All of the contributions paid to the Trustee pursuant to this Plan and the Superseded Plan, together with the income therefrom and the increments thereof, shall be held in trust by the Trustee under the terms and provisions of the separate trust agreement between the Trustee and the Company, a copy of which is attached hereto and incorporated herein by this reference for all purposes, establishing a trust fund known as the PIONEER NATURAL RESOURCES USA, INC.
Any provision of this Plan to the contrary notwithstanding, all Options granted under the Superseded Plan shall be subject to the provisions of the Superseded Plan, and in the event of any conflict between the terms of an Award Agreement granted under the Superseded Plan and the Superseded Plan, the terms of the Superseded Plan shall govern.
If the amended and restated Plan is not so approved, the amended and restated Plan shall not be effective, any Award granted under the amended and restated Plan shall be null and void, and the Superseded Plan (and option grants made under said plan) shall remain in full force and effect.
A Participant shall not accrue any benefits under the Plan or Superseded Plan solely because of the assumption that he was an Employee as defined herein on the date of termination of his service or the date of his employment, as the case may be, with a Designated Nonparticipating Employer.
Immediately prior to a Change of Control, all Awards (other than Options granted under the Superseded Plan) shall automatically vest and become payable or exercisable, as the case may be, in full.