Parent Equity Plans. At the First Effective Time, HoldCo will assume and continue all of Parent’s equity incentive plans, including its 2011 Stock Option Plan and its 2016 Equity Incentive Plan.
Parent Equity Plans. Prior to the Effective Time, the Parent will use commercially reasonable efforts to cause the board of directors of the Parent to approve the Incentive Plan Proposal, subject to the Closing and effective as of the Effective Time, and will include provisions in the Proxy Statement or other proxy statement for the stockholders of the Parent to approve the Incentive Plan Proposal. Subject to and promptly following approval of the Incentive Plan Proposal by the stockholders of the Parent, the Parent shall file with the SEC a registration statement on Form S-8 (or any successor form), if available for use by the Parent, relating to the additional shares of Parent common stock issuable with respect to the Incentive Plan Proposal.
Parent Equity Plans. Buyer shall promptly notify Parent or Parent’s designee of any termination of an In-Scope Employee’s employment. Buyer shall describe the nature of such termination and provide any other information that is reasonably necessary for Parent and its Affiliates to administer their respective equity programs.
Parent Equity Plans. Except as would not reasonably be expected to, individually or in the aggregate, have a Material Adverse Effect on Parent, each Parent Equity Plan has been established, operated and administered in compliance with its terms and applicable laws.
