Common use of Company Equity Payments Clause in Contracts

Company Equity Payments. As promptly as practicable after the Closing (but no later than the first regularly scheduled payroll occurring at least five Business Days after the Closing Date), the Company or the Surviving Corporation shall, through the payroll system of the Surviving Corporation, pay or cause to be paid to the holders of the Company Equity Awards, the amounts contemplated by Section 4.3(a) through 4.3(c) respectively (collectively, the “Company Equity Payments”); provided, however, that, to the extent the holder of a Company Equity Award is not and was not at any time during the applicable vesting period a Company Employee, such amounts shall not be paid through the payroll system, but shall be paid by the Paying Agent pursuant to Section 4.2.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Cards Acquisition Inc.), Amended and Restated Agreement and Plan of Merger (Collectors Universe Inc), Agreement and Plan of Merger (Collectors Universe Inc)

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Company Equity Payments. As promptly as practicable after the Closing Effective Time (but no later than the first regularly scheduled payroll occurring at least five Business Days after the Closing Date), the Company or the Surviving Corporation shall, through the payroll system of the Surviving Corporation, pay or cause to be paid to the holders of the Company Equity Awards, the amounts contemplated by Section 4.3(a3.03(a), Section 3.03(b) through 4.3(c) and Section 3.03(c), respectively (collectively, the “Company Equity Payments”); provided, however, that, that to the extent the holder of a Company Equity Award is not and was not at any time during the applicable vesting period a an employee of the Company Employeeor any of its Subsidiaries, such amounts shall not be paid through the payroll system, but shall be paid by the Paying Agent pursuant to Section 4.23.02.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Biotelemetry, Inc.)

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