Investment Equity. Executive shall invest 50% of the after-tax proceeds of any bonus received in connection with the transaction contemplated by that certain Agreement and Plan of Merger, dated July 1, 2010, among Popular, Inc., AP Carib Holdings Ltd., Carib Acquisition, Inc., and the Company (the “Transaction”). Such investment (x) shall be in non-voting common stock of the Carib Holdings, Inc. (“Common Stock”) that is economically equivalent to the securities acquired by AP Carib Holdings, Ltd. (“Apollo”) and (y) shall be made at a valuation equal to Apollo’s investment valuation.
Appears in 4 contracts
Samples: Execution (EVERTEC, Inc.), Execution (TII Smart Solutions, Sociedad Anonima), Execution (TII Smart Solutions, Sociedad Anonima)
