Plan Binding Clause Samples

The Plan Binding clause establishes that the terms and provisions of a specific plan, such as an employee benefit or stock option plan, are legally binding on all parties involved. In practice, this means that participants, beneficiaries, and sometimes the company itself must adhere to the rules, procedures, and limitations set forth in the plan document. This clause ensures that there is no ambiguity regarding the enforceability of the plan's terms, thereby providing clarity and preventing disputes over rights and obligations under the plan.
Plan Binding. Upon the filing of the Articles of Arrangement and the issue of the Certificate, this Plan shall be binding and effective on and after the Effective Time on Pengrowth, Cona, the Litigation Trustee, the WEF Parties, all legal and beneficial holders of Shares, Options and Incentives, all Secured Debtholders and all other Persons named or referred to in or subject to this Plan, without any further act or formality required on the part of any Person.
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Plan Binding. The Grantee acknowledges receipt of the Plan and acknowledges that the Plan provisions govern the terms of the Stock options to the extent they are not inconsistent with this Agreement.
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Plan Binding. The Plan and each and every provision thereof will be binding on the parties hereto and their respective heirs, executors, administrators and assigns.
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Plan Binding. Upon the filing of the Articles of Arrangement and the issue of the Certificate, this Plan shall be binding and effective on and after the Effective Time on Angle, Bellatrix, AEP, ARI and all legal and beneficial holders of Angle Shares and Angle Debentures.
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Plan Binding. This Plan shall be binding upon the Partnership, its successors and assigns. The Partnership shall not be a party to any merger, consolidation or reorganization, unless and until the Plan and the Partnership's obligations hereunder shall be expressly assumed by its successor or successors or the Board exercises its right pursuant to Section 8.2 to terminate the Plan.
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Related to Plan Binding

  • Non-Binding Unless expressly authorised in writing by the Group-Wide Lenders and then on such terms and conditions as the Group-Wide Lenders may require, the Steering Committee shall not negotiate the terms of or enter into any agreement on behalf of the Group-Wide Lenders of any of them. This Clause 19 and Clause 14.4 may be relied upon by any member of the Steering Committee notwithstanding the provisions of Clause 17.11.

  • Terms Binding By acceptance of this Warrant, the Holder accepts and agrees to be bound by all the terms and conditions of this Warrant.

  • Agreement Binding This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto.

  • Legally Binding The terms of this Agreement contained herein are contractual, and not a mere recital.

  • Valid and Binding Such Contract is the legal, valid and binding obligation of the Obligor thereunder and is enforceable in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors' rights generally; all parties to such Contract had full legal capacity to execute and deliver such Contract and all other documents related thereto and to grant the security interest purported to be granted thereby; and the terms of such Contract have not been waived or modified in any respect, except by instruments that are part of the Contract Documents.