Management Retention Plan means, collectively, the 2011 Management Retention Plan of the Company and form award agreement thereunder delivered to Parent prior to the date hereof.
Management Retention Plan means Target’s Management Retention Plan adopted by Target’s Board of Directors on March 22, 2019, as amended on December 6, 2019.”
Management Retention Plan means the 2002 Management Retention Plan of the Company, as adopted on June 12, 2002 and amended and restated effective as of August 2, 2007.
Examples of Management Retention Plan in a sentence
The Loan Parties shall not make any payments to any management employees, other than payments of their monthly salaries and normal course commissions, except pursuant to the Management Retention Plan and in compliance with the Cash Flow Forecast (subject to Permitted Variances).
More Definitions of Management Retention Plan
Management Retention Plan means the Company's Management Retention Plan described in item 4 of Section 9.1 of the Company Disclosure Schedule.
Management Retention Plan means the Company’s Amended and Restated Management Retention Plan adopted by the board of directors of the Company on October 15, 2013.
Management Retention Plan means that certain Management Retention Plan adopted by the Board of Directors of the Company on or about October 30, 2006, as amended through the date hereof.
Management Retention Plan. The old Board of Directors will approve a Management Retention Plan that will provide for Termination Without Cause protection to the top executives of the Company on agreed upon terms as listed below: - President and CEO - See attached agreement ================================================================================ - Senior Vice Presidents (5 in number) - See attached agreement - Vice Presidents (22 in number) - Agreed upon severance policy The agreements for the CEO, President and Senior Vice-Presidents will contain change of control provisions providing for a "double trigger"- with full vesting of equity awards upon termination without cause or for good reason within 12 months after a change in control. Professional Fees Pursuant to the respective engagement letters of the Committee's legal advisors Fried, Frank, Harris, Xxxxxxx & Xxxxxxxx ("Xxxxx Xxxxx"), and financial advisors, Xxxxxx Capital Partners, LLC ("Xxxxxx"), ITC shall pay any and all accrued pre-petition fees and expenses incurred by such professionals prior to the commencement of any Chapter 11 filing by ITC. The plan of reorganization shall provide, as part of the distributions to the bondholders, for the payment of the fees and expenses of Xxxxx Xxxxx and Xxxxxx incurred during the chapter 11 case on the Effective Date of the Plan. General Provisions The certificate of incorporation and the by-laws of Reorganized ITC will contain those terms and conditions that are reasonably satisfactory to the Committee. Under the certificate of incorporation of Reorganized ITC, there will be no less than one hundred (100) million shares of New Common Stock authorized, and all shares of New Common Stock will have equal rights on voting and distributions. Other matters with respect to corporate governance, representations, warranties and covenants by Reorganized ITC and rights of, and obligations of Reorganized ITC to, the holders of New Common Stock will be determined by, and shall be on terms reasonably satisfactory to, the Committee. ---------------------------------------------------------------------------------------------------------------------------------- ================================================================================ Transaction Overview (Chapter 11 Plan) For Discussion Purposes Only -------------------------------------------------------------------------------- Implementation: All of the documentation relating to the restructuring or the transactions described here...
Management Retention Plan means the retention and incentive plan for executives and certain key employees established by the Debtors and approved by the Bankruptcy Court on February 23, 2001.
Management Retention Plan has the meaning assigned to such term in Section 5.22. “Master Agreement” has the meaning assigned to such term in the definition of “Swap Agreement.” “Material Adverse Effect” means a circumstance, event or condition that, individually or in the aggregate, has had, or would reasonably be expected to have, a material adverse effect on (a) the business, assets, financial condition or results of operations of Holdings, the Borrower and its Restricted Subsidiaries, taken as a whole, (b) the ability of the Borrower and the other Loan Parties, taken as a whole, to perform their payment obligations under the Loan Documents or (c) the enforceability of the Loan Documents or the rights and remedies, taken as a whole, of the