Examples of Management Incentive Plan Term Sheet in a sentence
On and after the Effective Date, the New Valaris Holdco Board shall be authorized to institute the Management Incentive Plan consistent with the terms and conditions set forth in the Management Incentive Plan Term Sheet attached to the Restructuring Term Sheet as Exhibit 6.
On the Effective Date, the Reorganized Hornbeck Board will adopt and implement the Management Incentive Plan, and make awards thereunder, in accordance with all of the terms and conditions set forth in the Management Incentive Plan Term Sheet.
Executives Executing Employment Agreements • Xxxx Xxxxxxxx • Xxxxx Xxxxxx • Xxxxx Xxxxxxx • Xxxx Xxxxx • Xxxxx Xxxxxxxxxxx • Xxxxxx Xxxxxx • Xxxx Xxxxx Exhibit F Terms of Management Incentive Plan Preliminary Management Incentive Plan Term Sheet This management incentive plan term sheet sets forth an outline of certain key terms and conditions of the employment agreements between SAExploration Holdings, Inc.
After the Effective Date, the New Board will implement the allocation, timing, and structure of the issuance of the New Interests pursuant to the Management Incentive Plan Term Sheet.
On or after the Effective Date (and in the event of the Purchase Transaction, in accordance with the Acquisition Agreement), the Management Incentive Plan shall be established by the New Board pursuant to the terms of the Management Incentive Plan Term Sheet.
On or after the Effective Date, the New Valaris Holdco Board shall be authorized to institute the Management Incentive Plan consistent with the terms and conditions set forth in the Management Incentive Plan Term Sheet.
On the Effective Date, the Equity Issuer shall institute the Management Incentive Plan, enact and enter into related policies and agreements, and distribute the New Common Stock to participants consistent with the terms and allocations set forth in the Management Incentive Plan Term Sheet; provided that the form and substance of the Management Incentive Plan shall be consistent with the PSA Definitive Document Requirements.
On the Effective Date, the Equity Issuer shall institute the Management Incentive Plan, enact and enter into related policies and agreements, and distribute the New Common Stock to participants consistent with the terms and allocations set forth in the Management Incentive Plan Term Sheet.
In the event a Reorganization Transaction is consummated, the Plan provides for a post-emergence management incentive plan under which up to 10% of the New Common Stock (after taking into account the shares to be issued under the Management Incentive Plan) will be reserved for issuance as awards on terms and conditions described in and consistent withthe Management Incentive Plan Term Sheet.
Plan On the Effective Date of the Equity Issuer’s Plan, the Equity Issuer will implement the Management Incentive Plan, consistent with the terms and allocations set forth in the Management Incentive Plan Term Sheet attached hereto as Annex B, which shall provide for ten percent (10%) of the New Common Stock on a fully diluted basis.