Motient definition
Examples of Motient in a sentence
As of the Effective Date, Employee is the holder of certain outstanding and unexpired compensatory options (the "Existing Motient Options") entitling Employee to purchase shares of common stock of the Company.
Except for fees which shall be borne solely by Motient, neither Motient nor Sub has incurred, nor will either of them incur, directly or indirectly, any liability for brokerage or finders’ fees or agents’ commissions or investment bankers’ fees or any similar charges in connection with this Agreement or any transaction contemplated hereby.
The Executive will be eligible to participate in the 2006 Motient Corporation Equity Incentive Stock Plan, as the same may be amended from time to time, and such other equity incentive programs that the Company has established or may, from time to time, establish for its employees or service providers (each, a “Plan” and, collectively, the “Plans”).
Except for those items to be completed when the necessary information is available (including the grant number and date of grant), the Restricted Stock Agreement containing the terms and conditions of the grant of the Motient Restricted Shares shall be identical in substance, and substantially similar in form, to Exhibit A, attached hereto and incorporated by reference.
In addition, vesting in all of Executive’s unvested Award Shares awarded to Executive as a result of or in connection with his employment with the Company (including but not limited to any Award Shares in the Company or in Motient) pursuant to any applicable Plan shall be accelerated, and Executive’s unvested Award Shares shall become vested immediately prior to the effective date of Executive’s termination, subject to the terms and conditions of the applicable Plan and other agreements.
Among the conditions for use of Rules 144 and 145 is the availability of current information to the public about Motient.
The TerreStar Shares to be transferred to Motient will be acquired for investment for Motient’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, in each case, in violation of applicable securities laws, and Motient has no present intention of selling, granting any participation in, or otherwise distributing the same except in compliance with applicable securities laws.
Motient understands that the TerreStar Shares may not be sold, transferred or otherwise disposed of without registration under the Securities Act or an exemption therefrom, and that in the absence of an effective registration statement covering the TerreStar Shares or an available exemption from registration under the Securities Act, such TerreStar Shares must be held indefinitely.
Motient will cause the Resale Registration Statement to comply as to form in all material respects with the applicable provisions of the Securities Act and the rules and regulations thereunder.
The Registration Rights Agreement shall be in full force and effect and shall be binding on Motient.