Common use of Management Incentive Clause in Contracts

Management Incentive. Plan Management of the Company acceptable to the Majority Second Lien Noteholder Supporting Parties and the CEO shall each receive: (a) Common Shares in an amount to be determined; and (b) a new management incentive plan ((a) and (b) collectively, the “Management Incentive Plan”), in each case, as determined by the Majority Second Lien Noteholder Supporting Parties and the CEO prior to the Effective Date.

Appears in 5 contracts

Sources: Support Agreement (Postmedia Network Canada Corp.), Shareholder Consent Agreement (Postmedia Network Canada Corp.), Support Agreement

Management Incentive. Plan Management of the Company acceptable to the Majority Second Lien Noteholder Supporting Parties and the CEO shall each receive: : (a) Common Shares in an amount to be determined; and and (b) a new management incentive plan ((a) and (b) collectively, the “Management Incentive Plan”), in each case, as determined by the Majority Second Lien Noteholder Supporting Parties and the CEO prior to the Effective Date.

Appears in 1 contract

Sources: Support Agreement (Postmedia Network Canada Corp.)