Common use of Wireline Clause in Contracts

Wireline. In the event that the number of shares of Wireline Common Stock available for grant under the Wireline Equity Incentive Plan is not sufficient for the satisfaction of Wireline’s obligations under this Section 14 or the Wireline Committee exercises the discretion granted under the Wireline Equity Incentive Plan to adjust outstanding equity incentive awards in connection with the Separation in a manner that is different from that set forth herein, then to the extent necessary to satisfy its obligations under this Section 14, Wireline may (i) grant equity incentive awards subject to Wireline stockholder approval and promptly thereafter use its best efforts to cause Wireline stockholders to approve the issuance of such additional shares of Wireline Common Stock under the Wireline Equity Incentive Plan or (ii) take such other actions as Wireline may reasonably determine to satisfy its obligations under this Section 14 to the extent such actions are consistent with the Wireline Equity Incentive Plan.

Appears in 2 contracts

Sources: Employee Matters Agreement (Ntelos Holdings Corp), Employee Matters Agreement (NTELOS Wireline One Inc.)