STOCK OWNERSHIP PLAN Sample Clauses

STOCK OWNERSHIP PLAN. You will be eligible to participate in the Stock Ownership Plan which Draxis shall from time to time make available to employees, subject to applicable eligibility rules thereof and in accordance with the terms and conditions of that plan.
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
STOCK OWNERSHIP PLAN. The Company shall take all action -------------------- necessary so that all restrictions applicable to each award of Company Restricted Stock held by a Spinco Participant that is outstanding as of the Distribution Date shall terminate effective immediately before the Distribution and certificates representing the shares subject thereto, as well as certificates representing the related shares of Company Common Stock on deposit, are immediately distributed to such Spinco Participant (together with certificates for any Spinco Common Stock distributed with respect thereto in the Distribution).
Sample 1Sample 2
STOCK OWNERSHIP PLAN. 2 7. Employee Participation Share Purchase Plan ..........................2 8.
Sample 1
STOCK OWNERSHIP PLAN. The employee will be credited with satisfying the requirement under the Stock Ownership Plan of having committed to the ownership of 2,000 shares of stock.
Sample 1
STOCK OWNERSHIP PLAN. Following the Closing, the Company and the trustees of the Company's Stock Ownership Plan shall take, or cause to be taken, all action necessary to promptly terminate the Stock Ownership Plan and dissolve the Stock Ownership Plan trust; provided, however, that such termination and dissolution shall not occur prior to the registration of the Shares of Parent Company Stock issued to the Stock Ownership Plan pursuant to the Merger and the removal of all restrictions on the sale or disposition of such Shares.
Sample 1
STOCK OWNERSHIP PLAN. The Employee will be credited with ownership rights of these Restricted Shares which can be credited towards ownership requirements under the Stock Ownership Plan.
Sample 1
STOCK OWNERSHIP PLAN. The Company shall adopt a Stock Ownership Plan (the “Plan”) pursuant to which the Board of Directors of the Company shall be eligible to issue awards of stock options, restricted stock and other equity awards to employees, officers, directors and consultants to the Company. An aggregate of 7,500,000 shares of Common Stock shall be eligible for award grants under the Plan and it is anticipated that an aggregate of 2,222,539 shares of Common Stock will be allocated and reserved for issuance as restricted stock or stock options to Executive Officers and employees of the Company in connection with the Reorganization (the “Plan Shares”), with an additional 1,762,261 shares of Common Stock (the “Milestone Shares”) to be issued upon the earlier of achieving annualized revenue run rate milestones of $5 million no later than September 30, 2008 or $10 million by June 30, 2009 in accordance with Exhibit F hereto (the “Target Revenues”).
Sample 1
AutoNDA by SimpleDocs

Related to STOCK OWNERSHIP PLAN

  • Stock Ownership Attached hereto as Schedule 8 is a true and correct list of all the duly authorized, issued and outstanding stock of each Subsidiary and the record and beneficial owners of such stock. Also set forth on Schedule 8 is each equity Investment of the Borrower and each Subsidiary that represents 50% or less of the equity of the entity in which such investment was made.

  • Stock Ownership Guidelines Executive will comply with all stock ownership and stock retention guidelines or policies established by the Board and the Committee, as in effect from time to time.

  • Privilege of Stock Ownership The holder of this option shall not have any of the rights of a shareholder with respect to the Option Shares until such individual shall have exercised the option and paid the Option Price.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • ESOP “ESOP” shall mean an employee stock ownership plan sponsored by First Federal and that will buy SHC Common Stock in the Reorganization.

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • Privileges of Stock Ownership Optionee shall have no rights as a shareholder with respect to the Bancorp’s stock subject to this option until the date of issuance of stock certificates to Optionee. Except as provided in the Plan, no adjustment will be made for dividends or other rights for which the record date is prior to the date such stock certificates are issued.

  • Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying qualified medical expenses of the member who is covered under a high deductible health plan. The member must be covered under the HSA plan for the months in which contributions are made. HIGH DEDUCTIBLE HEALTH PLAN (HDHP) is a health plan that satisfies certain requirements with respect to deductibles and out-of-pocket expenses. The plan cannot provide payment for any covered healthcare service until the plan year deductible is satisfied, with the exception of preventive care services. HOSPITAL means a facility: • that provides medical and surgical care for patients who have acute illnesses or injuries; and • is either listed as a hospital by the American Hospital Association (AHA) or accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO).

  • Savings Plans Employee shall be entitled to participate in Employer’s 401(k) plan, or other retirement or savings plans as are made available to Employer’s other executives and officers and on the same terms which are available to Employer’s other executives and officers.

  • Profit Sharing Profit sharing, bonuses, or other similar compensation of any kind paid by CM/GC to its employees.

Time is Money Join Law Insider Premium to draft better contracts faster.