MIP Shares definition

MIP Shares means the class B non-voting ordinary shares with a nominal value of $0.001 each in the share capital of the Company having the rights and restrictions specified in the Articles of Association.

MIP Shares means up to six percent of the New Common Stock outstanding on the Effective Date (on a fully diluted and fully distributable basis (i.e., assuming full allocation of the MIP Shares)) that will be reserved for grants made from time to time to employees, directors, consultants, and/or other participants under, and pursuant to, the Management Incentive Plan, which shall dilute all New Common Stock equally. All of the MIP Shares shall be granted as full value awards (i.e., restricted stock units (or its equivalent based upon the Reorganized Debtors’ corporate structure).

MIP Shares means growth shares in the capital of Goodbody Botanicals, a wholly-owned subsidiary of Sativa, to be issued to Sativa Directors pursuant to the MIP;

Examples of MIP Shares in a sentence

• Further information on data processing by Google can be found in Google‘s data protection declaration: https://www.google.com/intl/de/policies/privacy/index.

• The issuance of the New Common Stock, including the MIP Shares and the New Warrant Equity, and the New Warrants shall be authorized without the need for any further corporate action and without any further action by the Debtors, the Reorganized Debtors or EV NewCo Parent, or by holders of Allowed Senior Notes Claims or Allowed Interests.

• As per note 17, ordinary shares in the Parent were acquired by Mitsui Sumitomo Insurance Company, Limited (‘MSI’) on 1 February 2016.

• All of the MIP Shares shall be full value awards (i.e., restricted stock units (or its equivalent based upon the Reorganized Debtors’ corporate structure)).

• Notwithstanding the foregoing, on the Effective Date, holders of Existing EVEP Equity Interests shall receive their Pro Rata (based on their ultimate economic interests at the EVEP level) share of: (i) five percent of the New Common Stock (subject to dilution by the MIP Shares and New Common Stock issued pursuant to the New Warrants); and (ii) the New Warrants.

More Definitions of MIP Shares

MIP Shares means the New Ordinary Shares issued to the members of management of Reorganized Venator pursuant to the Management Incentive Plan.

MIP Shares is defined in Section 7.06(c).

MIP Shares means the class B non-voting ordinary shares with a nominal value of $0.001 each in the share capital of the Company having the rights and restrictions specified in the Articles of Association. ”New Party” has the meaning given in Schedule 8. “New Securities” has the meaning given in Clause 9.1.

MIP Shares means any shares issued to the directors, officers, employees and/or consultants of the Company and its subsidiaries pursuant to the MIP Awards.

MIP Shares means shares of Common Stock issued pursuant to the Management Incentive Plan.

MIP Shares means Shares under the MIP as held by the MIPCo or the MIP participants (as applicable) in Schedule 1 (Company Shareholding).

MIP Shares means the Shares subject to the Management Incentive Plan.