Directors Plan. CoBancorp has adopted and maintains the Directors Deferred Income Plan ("Directors Plan") for its directors. CoBancorp agrees that as of the date of this Agreement it will not amend or make any changes to the terms or conditions of such Directors Plan. As of the Effective Time, accruals under the Directors Plan shall cease other than earnings on account balances, participants shall be vested in their accrued benefits as of such date and FirstMerit agrees to assume the liabilities under the Directors Plan as of such date.
Directors Plan. Effective as of or before the Distribution Date, Baxalta shall establish the Baxalta Directors’ Plan, with terms and funding arrangements substantially similar to those of the Baxter Directors’ Plan as of the Distribution Date. The Parties shall use commercially reasonable efforts to take all actions necessary or appropriate so that each outstanding Baxter Option or Baxter RSU Award granted under the Baxter Directors’ Plan shall be adjusted or converted as set forth in this Section 6.04. For the avoidance of doubt, the remainder of this Section 6.04 applies only to grants (including those Baxter RSU Awards deferred pursuant to the Baxter Directors’ DCP) made under the Baxter Directors’ Plan (or any successor or predecessor plan), while Section 6.01 is intended to apply to other programs included within the Baxter Stock Programs.
Directors Plan. Directors Plan" shall have the meaning given in Section 4.5 hereof.
Directors Plan. The Employee shall be entitled to participate in the Company’s Directors’ Plans in effect from time to time. The Employee shall not be entitled to receive fees for attendance at meetings of the Board or of any committees thereof.
Directors Plan. 5.3(a) Dividend Equivalent Rights.................................. 5.3(b) DRULPA...................................................... 3.1(a) E&P......................................................... 4.22
Directors Plan. Company shall take all action necessary to (i) cause any awards under the Directors Plan for any period beginning January 1, 2002 to be in the form of cash only (ii) to terminate the Directors Plan and to issue and distribute all shares of Company Common Stock awarded and earned under the Directors Plan effective prior to the Effective Date and (iii) to cause all unearned awards of Company Common Stock under the Directors Plan to terminate prior to the Effective Date.
Directors Plan. The Company shall have taken the actions required by paragraph 4(q).
Directors Plan. 3 Section 1.18. DISSENTING SHARES......................................................................3 Section 1.19.
Directors Plan. Immediately on or prior to the Effective Time, Central Kentucky shall, in cooperation with Kentucky First, terminate the Central Kentucky Federal Savings Bank Retirement Plan for Non-Employee Directors, and the amounts due thereunder shall be paid in a lump sum to the participants therein on the Effective Time, in accordance with the terms of the plan and Section 409A of the Code.
