Employee Equity Awards. (a) Subject to the receipt of any and all approvals required under applicable law, including the approval of the Board of Directors of the Company and the shareholders of the Company, the Employee may be eligible to participate in an employee equity incentive plan. Any grant under any employee equity incentive plan is subject to the terms and conditions of employee equity incentive plan as may be amended from time to time and to the equity agreement under which the grant was made. The amount of the equity award that will be granted is subject to the approval by the Board of Directors of the Company and the shareholders of the Company, if required.
Employee Equity Awards. (a) Prior to the Effective Time, the Company shall take all reasonably necessary action (which action shall be effective no later than the Effective Time) to:
Employee Equity Awards. Seller shall retain responsibility for dealing with any accrued rights any Business Employees or UK Transferred Employees may have in any stock option or other equity award plans or warrants maintained by Seller for employees immediately prior to Closing and Purchaser shall have no obligation or liability with respect to such stock option or other equity award plans or warrants.
Employee Equity Awards. Immediately prior to the Closing, each then outstanding stock appreciation right (SOSAR) and restricted stock unit (RSU), whether unvested or vested, shall be exchanged for shares of MBT Common Stock according to their respective award agreement terms. The number of RSU’s subject to each award shall assume MBT performance at the full payout at the Target level for all relevant future periods. Upon issuance of the shares of MBT Common Stock to a holder of SOSARs or RSUs any award agreement between MBT and such holder and the holder’s rights thereunder shall terminate and be of no further force or effect.
Employee Equity Awards. Prior to the Closing, the Company shall take any and all actions necessary or desirable to provide that options to purchase Company Common Stock, whether or not vested as of immediately prior to the Closing, and/or restricted shares of Company Common Stock that are held by those individuals who are employed by the Intel Companies immediately prior to the Closing (the “Continuing Employees”) and unvested as of immediately prior to the Closing (such stock options and restricted stock awards, the “Intel Company Awards”) shall, to the extent such actions will not cause any additional Tax to be payable pursuant to Section 409A of the Code with respect to such Intel Company Awards, continue to remain outstanding as of and after the Closing, and shall continue to vest in accordance with their original terms as though such Continuing Employee remained employed by the Company and its subsidiaries, until the earlier to occur of (i) consummation of the transactions contemplated by the Merger Agreement (the “Merger Date”) and (ii) termination of the Merger Agreement prior to consummation of the Merger Agreement (the “Merger Termination Date;” and the first to occur of such events, the “Intel Vesting Event”), upon which Intel Vesting Event any then outstanding Intel Company Awards shall become fully vested and/or exercisable, subject in the case of each Continuing Employee, to the Continuing Employee’s continued employment with the Intel Companies at such Intel Vesting Event; provided, that in the event that following the Closing and prior to the Intel Vesting Event, (x) such Continuing Employee’s employment with the Intel Companies is terminated by the Continuing Employee’s employer without Cause or by the Continuing Employee for Good Reason (each term as defined in the Special Employee Plan Term Sheet), the Intel Company Awards held by such Continuing Employee shall continue to remain outstanding and eligible for vesting in accordance with this Section 6.18 and (y) such Continuing Employee’s employment with the Intel Companies is terminated by the Continuing Employee’s employer for Cause or by the Continuing Employee without Good Reason any unvested Intel Company Awards held by such Continuing Employee shall be cancelled and forfeited upon such termination of employment without consideration therefor. Intel Company Awards that are vested or become vested upon the Merger Date shall in accordance with the Merger Agreement be cancelled and the holders thereof shall be e...
Employee Equity Awards. On the Closing Date, Parent shall grant to the Company’s continuing employees, in accordance with the Employee Equity Allocation Schedule, a number of restricted shares of Parent Common Stock equal to $5,000,000 divided by the Signing Date Price (“Employee Awards”). The Employee Awards will vest ratably over a period of three years from the Closing Date, and will be distributed among the Company’s continuing employees according to the Company’s plan of allocation, which shall be delivered by the Company to the Parent on or prior to the Closing Date (the “Employee Equity Allocation Schedule”). The Employee Awards will be issued pursuant to the terms of a Restricted Award Agreement in the form attached hereto as Exhibit I. The Employee Awards will be in addition to any other incentive equity awards or other bonus or incentive plans or arrangements customarily provided by the Parent or its affiliates to similarly situated employees. If the employment of any recipient of any Employee Award is terminated by the Parent or any of its Affiliates, including without limitation, the Company and the Surviving Entity, without Cause (as such term is defined in such recipient’s Restricted Award Agreement), or such recipient terminates his or her employment for Good Reason (as such term is defined in such recipient’s Restricted Award Agreement), then all of such recipient’s Employee Awards shall immediately vest and all risks of forfeiture applicable thereto shall lapse. Parent agrees to file a registration statement on Form S-8 for the shares of Parent Common Stock issuable with respect to the Employee Awards, as soon as practicable (but not more than ten (10) Business Days following) the Effective Time, and to keep such registration statement effective until all of the Employee Awards have been issued.
Employee Equity Awards. Notwithstanding section 8.11 to the Agreement, the Parties acknowledge that the employee shall not be entitled, unless otherwise decided by the Company, to future equity grants under the employees equity incentive plan of the Company. For the avoidance of doubt, nothing in this Agreement shall serve to derogate of any right the Employee has under equity grants which were awarded to the Employee prior to the Commencement Date.
Employee Equity Awards. Prior to the Effective Time, the Company shall take all actions necessary to provide that each restricted share or restricted share unit, or any other equity award granted under the Company’s equity plans including the Company’s 2001 Share Option Plan and 2021 Incentive Equity Plan, which is outstanding immediately prior to the Effective Time (whether or not then vested or exercisable) (each, an “Award”) shall be accelerated, and such shares shall participate in the Merger pursuant to Section 2.1 above (without any increase to the Merger Consideration).
Employee Equity Awards. Seller agrees to take (and to cause Parent to take) the actions described in the sample letters to Employees that are attached hereto as Schedules 6.06 and 6.07 with regard to any Equity Awards held by an Employee as of the Closing.
Employee Equity Awards
