Initial Management definition
Examples of Initial Management in a sentence
The parties acknowledge that Agent has approved said Initial Management Contracts.
The Executive shall be granted "Founders Options" and "Initial Management Options" (the "Options") in accordance with the descriptions in the Final Offering Memorandum dated December 18, 2006 (the "Offering Memorandum") and in accordance with the KGen Power Corporation 2006 Equity Incentive Plan and the grant agreements to be dated as of the Acquisition Closing, as set forth in the Offering Memorandum, which grant agreements will be incorporated in and made a part of this Agreement.
While such Reallocable Shares are held by Management other than Initial Management, such Shares shall cease to be Reallocable (but shall remain Restricted (subject to being "Earned")).
Forfeit Shares shall be reoffered by the Corporation to Initial Management, pro rata based on their relative percentage ownership of shares of common stock, par value $.10 per share, immediately following the initial capitalization of the Company, at the Adjusted Original Price per share, as the same may be further readjusted from time to time.
Initial Management The Plan shall contain a process whereby the individuals who are expected to serve on the New Board shall negotiate, in consultation with Centerbridge, employment agreements with the senior management team which shall be market employment agreements in form and substance reasonably acceptable to Centerbridge, which employment agreements will be subject to approval by the Board of Directors of the Reorganized Company on the Effective Date.
Upon completion of construction of the Project, the Lessee shall continuously operate the Premises to serve Eligible Residents (with the exception of the ground floor cultural or retail uses) and shall enter into the Initial Management Agreement.
Following the Reclassification, the IPO and effectiveness of this amendment in accordance with Section 19 hereof, Management (including Initial Management) will own Shares in the amounts and designations set forth in Exhibit "B" attached hereto.
The remaining approximately 32.34% of the 38% constituting Unrestricted Shares shall be held outright, free and clear by Initial Management (or their Permitted Transferees), are not subject to call, purchase or reallocation by the Stock Reallocation Committee or otherwise, shall not be subject to the risk of Termination Forfeiture, and the holders thereof shall enjoy all incidents of ownership to such shares (subject to any restrictions or limitations set forth in the Stockholders' Agreement).
The Stock Reallocation Committee shall also have the authority to cause the Corporation to act with respect to Management Shares that are forfeited by Management to the Corporation, subject to the rights of Initial Management to have Forfeit Shares reoffered to them under this Agreement.
The Lessee shall not modify, amend, or renew the Initial Management Agreement or enter into any other Management Agreement with a new Manager for the Project without the City Manager’s prior written consent, which consent shall not be unreasonably withheld.