MIU Plan definition
Examples of MIU Plan in a sentence
The Company and the Employee further agree that immediately upon the occurrence of any Change of Control Event, all amounts theretofore credited to the Employee under the Company's Management Incentive Unit Award Plan, as amended (the "MIU Plan"), shall become fully vested and all such amounts thereafter credited shall become fully vested immediately upon such crediting.
The Employee's Common Stock Equivalents under the MIU Plan shall, for purposes of payments pursuant thereto, be valued at the Company Stock Value.
All amounts in the MIU Plan shall be deemed vested, whether or not otherwise vested.
No later than 30 days following the Termination Date, the Company shall pay the Employee (in one lump sum cash payment and in lieu of the benefit otherwise provided under the MIU Plan) an amount equal to the number of common share equivalents, as described in the MIU Plan, held on behalf of the Employee multiplied by the Company Stock Value.
The Company and the Employee further agree that immediately upon the occurrence of any Change of Control Event, all amounts theretofore credited to the Employee under the Management Incentive Unit Plan of Ingersoll-Rand Company, as amended (the "MIU Plan"), shall become fully vested and all such amounts thereaft▇▇ ▇▇▇▇▇▇▇▇ ▇▇all become fully vested immediately upon such crediting.
The Company and the Employee further agree that immediately upon the occurrence of any Change of Control Event, all amounts theretofore credited to the Employee under the Management Incentive Unit Plan of Ingersoll-Rand Company, as amended (the "MIU Plan"), shall become fully vested and all such amounts thereafter credited ▇▇▇▇▇ ▇▇▇▇▇▇ ▇ully vested immediately upon such crediting.