Examples of Company Share Award in a sentence
At the Effective Time, the Company shall (i) terminate the Company’s Share Incentive Plans, and any relevant award agreements applicable to the Share Incentive Plans, and (ii) cancel each Company Share Award that is outstanding and unexercised, whether or not vested or exercisable.
Section 3.03(b) of the Company Disclosure Schedule sets forth, as of the date hereof, a summary of the issued and outstanding Company Share Awards and with respect to each batch of Company Share Awards, the number of Shares subject to each such Company Share Award, the price per share at which such Company Share Award may be exercised.
Notwithstanding anything herein to the contrary, with respect to any Company Share Award that constitutes nonqualified deferred compensation subject to Section 409A of the Code and that the Company determines prior to the Effective Time is not eligible to be canceled in accordance with Treasury Regulation Section 1.409A-3(j)(4)(ix)(B), such payment will be made at the earliest time permitted under the applicable Company Share Award that will not trigger a Tax or penalty under Section 409A of the Code.
Notwithstanding anything to the contrary in this Agreement, each holder of any Company Share Awards that are Rollover Securities under the Support Agreement, shall not be entitled to receive any Option Consideration or Per Share Merger Consideration, or be converted into equity incentive award of Parent (as the case may be) pursuant to Sections 3.1(f)(ii) to 3.1(f)(iv) with respect to such Company Share Award.
Each Company Share Award that is a Rollover Security under the Support Agreement shall, automatically and without any action on the part of the holders thereof, be cancelled at the Effective Time in accordance with the terms of the Support Agreement.