Examples of Target Stock Plan in a sentence
No person holds any option to purchase Target Common Stock or has units or other awards outstanding under any stock-option or other equity-based plan, program or arrangement sponsored by Target or any of its Subsidiaries other than the Target Stock Plan.
Parent’s board of directors or a committee thereof shall succeed to the authority and responsibility of the Target Board or any committee thereof with respect to each Target Stock Plan and Target Restricted Stock Award.
At the Effective Time, Buyer shall assume the Target Stock Plan; provided, that such assumption shall only be with respect to the Converted Stock Options and Buyer shall have no obligation to make any additional grants or awards under the Target Stock Plan.
Each vested and unexercised option to acquire shares of Target Common Stock (each, a “Vested Target Stock Option” and, together with the Unvested Target Stock Options, the “Target Stock Options”) that is outstanding under any Target Stock Plan immediately prior to the Effective Time must be exercised as of the Effective Time.
As soon as reasonably practicable after the Closing Date, Buyer will deliver to the holders of Converted Stock Options any required notices setting forth such holders’ rights pursuant to the Target Stock Plan and award documents and stating that such Converted Stock Options have been issued by Buyer and shall continue in effect on the same terms and conditions (subject to the adjustments required by this Section 1.6(b), after giving effect to the Merger and the terms of the Target Stock Plan).
Target has provided to Buyer complete and accurate copy of the Target Stock Plan and the forms of all award agreements related thereto and the forms of all warrants.
Each outstanding Target Option was granted in accordance with the terms of the Target Stock Plan applicable thereto.
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Target has provided to the Buyer complete and accurate copy of the Target Stock Plan and the forms of all award agreements related thereto and copies of all warrants.
No Target Stock Options have been granted except for those granted under a Target Stock Plan.