CMC Employee definition
Examples of CMC Employee in a sentence
Prior to the establishment or adoption of an applicable CMC Plan, UOL shall take such action as may be necessary or appropriate to cause CMC and each CMC Entity to become a participating employer with respect to each such UOL Plan and to permit each CMC Employee to continue to be eligible to participate in the UOL Plans subject to the terms of such UOL Plans.
Prior to the Offering Date (x) CMC has approved (i) the CMC Equity Incentive Compensation Plan (the "CMC Equity Incentive Plan") and (ii) the CMC Employee Stock Purchase Plan (the "CMC ESPP") and (y) UOL has approved each such plan as CMC's sole shareholder.
Except as otherwise required by applicable law or as otherwise agreed to by CMC and UOL, effective as of the CMC Savings Plan Effective Date, each CMC Employee shall cease to be eligible to participate in the UOL Savings Plan and shall become eligible to participate in the CMC Savings Plan subject to the terms of such plan.
Except as otherwise required by applicable law or as otherwise agreed to by CMC and UOL, effective as of the date CMC establishes or adopts a CMC Plan that is intended to replace a UOL Plan, CMC and each CMC Entity shall cease to be a participating employer with respect to such UOL Plan and each CMC Employee shall cease to be eligible to participate in such plan and shall become eligible to participate in such replacement CMC Plan.