Management Equity Incentive Plan. Each Shareholder acknowledges and agrees that pursuant to the Management Equity Incentive Plan, until the Second Step Closing, a portion of the total equity of the Group shall be held by management of the Company (such portion not to exceed 2.872% of the Group’s total share capital).
Management Equity Incentive Plan. Prior to the Closing Date, the board of directors of TopCo and Pegasus as the sole shareholder of TopCo may approve and adopt a management equity incentive plan which is agreed with the Company. Such management equity incentive plan, if approved and adopted, shall specify which members of the future TopCo management shall be beneficiaries of the plan. The details of this management equity incentive plan shall be further discussed and agreed between the Company and Pegasus before the Closing Date.
Management Equity Incentive Plan. On or as soon as reasonably practical following the Effective Date, the Reorganized Hertz Parent Board will adopt and implement the Management Equity Incentive Plan, which shall provide for not less than 5% of Reorganized Hertz Parent Common Interests to be reserved for directors, officers, and employees of the Reorganized Debtors in accordance with the MIP Term Sheet and as otherwise determined by the Reorganized Hertz Parent Board.
Management Equity Incentive Plan. The Parent Board (or the compensation committee thereof) shall have adopted the Management Equity Incentive Plan.
Management Equity Incentive Plan. (a) Each Party acknowledges that on and/or after the date of this Agreement, certain members of Management shall acquire equity directly or indirectly in a member of the Group in accordance with the terms and conditions of a Management Equity Incentive Plan. Coty agrees that it shall cooperate and take all reasonable steps required by Rainbow Capital for the purposes of implementing and amending a Management Equity Incentive Plan, and each of Rainbow Capital and Coty agree that any issuances of any New Securities pursuant to such Management Equity Incentive Plan shall, directly or indirectly, dilute each of them proportionately on a pro rata basis (without impact to their respective Shareholder Group’s Equity Percentages). Rainbow Capital shall consult with the Coty Parent prior to the implementation of any such Management Equity Incentive Plan.
Management Equity Incentive Plan. Each Committed Holder and each Kohlberg Stockholder hereby agrees to permit a new XXXX management equity incentive plan on terms to be mutually agreed with the Companies and the Kohlberg Stockholders, effective as of the Closing.
Management Equity Incentive Plan. The Plan shall provide for the establishment of an equity incentive plan (the "Management Equity Incentive Plan") promptly after the Plan Effective Date for members of Reorganized GC's management on terms that are otherwise mutually acceptable to Reorganized GC and Sponsors. Management Equity Incentive Plan to be discussed by Sponsors and management team. It is contemplated that this plan will provide for 6% dilution of the New Common Stock on the Effective Date which shall be issued as options that will vest over time in accordance with the terms, and subject to the satisfaction of performance standards, that are mutually acceptable to Reorganized GC and Sponsors.
Management Equity Incentive Plan. Each of the Investors shall, and shall cause each of its controlled Affiliates to, at any meeting of the stockholders of the Company called for such purpose after the Closing Date, consent to and vote, in person or by proxy, all shares of the Company held by such Person or with respect to which such Person has voting authority, in favor of the adoption and implementation of a management equity incentive plan of the Company containing terms and conditions that are substantially the same as the terms and conditions set forth on Schedule 7.4. The commitment set forth in this Section 7.4 shall continue to be applicable at any meeting called by the Company for such purpose, notwithstanding the fact that such matter may have been previously voted upon but not approved by the Company’s stockholders. The implementation of the management equity incentive plan as set forth on Schedule 7.4 will not result in any material adverse tax consequence to the Company or require the payment by the Company of any cash amount to any taxing authority in respect of such plan (other than income and employment tax withholding payments related to taxable income recognized by participants with respect to awards under such plan).
Management Equity Incentive Plan. The parties acknowledge and ----------------------------------- consent to the implementation by the Company as soon as practicable after the date hereof of an equity incentive plan for management of the Company; such plan shall provide for the issuance of up to 1,200 shares of Company Common Stock to key management personnel of the Company, with the "vesting" of such stock to occur over a three year period based upon the achievement of financial and operating goals established by the Company.
Management Equity Incentive Plan. On the Effective Date, the Management Equity Incentive Plan shall be implemented and shall be substantially in the form of Exhibit 5.9 hereto.
