Examples of Participating Corporation in a sentence
For purposes of this Section 12, an employee will not be deemed to have terminated employment or failed to remain in the continuous employ of the Company or of a Participating Corporation in the case of sick leave, military leave, or any other leave of absence approved by the Company; provided that such leave is for a period of not more than ninety (90) days or reemployment upon the expiration of such leave is guaranteed by contract or statute.
PARTICIPANT shall mean any Eligible Employee of a Participating Corporation who is actively participating in the Plan.
To the extent required by applicable federal, state, local or foreign law, a Participant shall make arrangements satisfactory to the Company and the Participating Corporation employing the Participant for the satisfaction of any withholding tax obligations that arise in connection with the Plan.
Immediately after the Proposed Transaction, and assuming i of the Corporation X ordinary shares will be acquired by New Parent in the Exchange Offer, New Parent will have outstanding (i) approximately g shares of Class A Stock, which will be held by Participating Corporation X Shareholders and (ii) approximately p shares of Class B Stock, which will be held by Corporation Y Shareholders (as well the Class S Shares, which will be held by JVCo).
Neither this Plan nor the grant of any option hereunder shall confer any right on any employee to remain in the employ of the Company or any Participating Corporation, or restrict the right of the Company or any Participating Corporation to terminate such employee’s employment.