Management Equity Program definition

Management Equity Program any management equity plan, stock incentive plan or other management or employee benefit plan or agreement, or any combination thereof, pursuant to which a pool of Shares or other equity securities of the Company or any of its Subsidiaries has been authorized for issuance to members of management and/or other employees or consultants of the Company and its Subsidiaries.
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Management Equity Program means that program instituted by the Company to provide management with Common Stock that will not exceed an aggregate of 7% of the aggregate outstanding Company Common Stock (measured on a Fully Diluted basis).
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Management Equity Program means the compensation program providing for 10% of the New Common Stock to be reserved under the Plan. The Management Equity Program will consist of grants of equity, restricted stock or options. As soon as reasonably practicable after the Effective Date, the Board of Directors of Reorganized DASI or any compensation committee thereof shall determine the terms of and implement the Management Equity Program.
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Examples of Management Equity Program in a sentence

  • The recommended equity award is expected to be presented for review and approval within ninety (90) days of the first date of employment and would be issued pursuant and subject to the Equity Incentive Plan and a form of agreement for similarly situated employees of the Management Equity Program, which outline the vesting schedule and other terms.

  • Management Equity Program, for which the Company shall have no liability for any payments with respect thereto.

  • Employee shall be entitled to a grant of [non-qualified stock options] [restricted stock] under the [Norcross Safety Products L.L.C. Management Equity Program (the “Equity Program”)] on , 2005, equal to [ ] percent of the Norcross Safety Products L.L.C.’s fully diluted equity [at an exercise price of $ per share].

  • Loans to certain employees by the Company in connection with the Management Equity Program.

  • The Rights Offering Shares will constitute, in the aggregate, between 39.4% and 42.6% of the New Common Stock, subject to dilution by the Management Equity Program.

  • Pursuant to the 1997 Management Equity Program Award Agreement, dated October 11, 1996, and amended January 28, 1999 (the "1997 MEP AGREEMENT"), Executive received 135,035 options as a result of his election to restructure his compensation package by reducing his fiscal year 1997, 1998, and 1999 compensation.

  • At the Closing Delphax will issue the stock options being awarded under the Management Equity Program to the individuals and in individual amounts reasonably acceptable to Air T.

  • Pursuant to the 1999 Management Equity Program Award Agreement dated, April 23, 1999 (the "1999 MEP Agreement"), Executive had the right to receive up to 18,043 options as a result of his election to waive a portion of his salary during the period from May 1, 1999 through May 1, 2000.

  • Except as set forth in Section 3.22 of the Disclosure Letter and for the Management Equity Program, the completion of the transactions contemplated by this Agreement will not entitle any employees, consultants or independent contractors of Delphax or any Subsidiary to receive any compensation (including cash payments, bonuses, equity grants or anything else of value).

  • Pursuant to the 1994 Management Equity Program Award Agreement, dated December 9, 1993, as amended (the "1994 MEP Agreement"), Executive received 104,698 options as a result of his election to restructure his compensation package by reducing his compensation.


More Definitions of Management Equity Program

Management Equity Program means the issuance to Delphax executives and managers at the Closing of stock options to purchase a total of 1,200,000 shares of Common Stock that vest ratably over 3 years, expire after 6 years and have a strike price of $0.3347 per share.
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Related to Management Equity Program

  • Earned value management system means an earned value management system that complies with the earned value management system guidelines in the ANSI/EIA-748.

  • Parent Equity Plan means the Energy Transfer Equity, L.P. Long-Term Incentive Plan.

  • Acceptable earned value management system means an earned value management system that generally complies with system criteria in paragraph (b) of this clause.

  • Investment Management Agreement means the Investment Management Agreement, dated as of the date hereof, by and between the Investment Manager and the Borrower.

  • Investment Program means a Person for whom Shipper or a direct or indirect subsidiary of Shipper acts as a general partner, managing partner or manager and the securities of which have been offered and sold to investors.