NIC ESPP definition
NIC ESPP means the NIC Inc. Amended and Restated Employee Stock Purchase Plan. “NIC Governing Documents” means the Certificate of Incorporation of NIC Inc., as amended, and the Bylaws of NIC Inc., as amended. “NIC Government Contract” means any Material Contract with (a) any Governmental Authority; (b) any prime contractor of a Governmental Authority in its capacity as a prime contractor, or any higher- tier subcontractor to a prime contractor of a Governmental Authority in its capacity as a higher-tier subcontractor; or (c) any subcontractor with respect to any Contract described in clauses (a) or (b). Unless otherwise indicated, a task, purchase, change, or delivery order under a NIC Government Contract will not constitute a separate NIC Government Contract for purposes of this definition, but will be considered part of the NIC Government Contract under which it was issued. “NIC Leased Real Property” has the meaning set forth in Section 4.9. “NIC Material Adverse Effect” means any Effect that, individually or in the aggregate, has had or would reasonably be expected to have a material adverse effect on the financial condition, business or operations of NIC and the NIC Subsidiaries, taken as a whole; provided, however, that no Effects to the extent resulting or arising from or relating to any of the following shall be deemed to constitute a NIC Material Adverse Effect or shall be taken into account when determining whether a NIC Material Adverse Effect exists or has occurred: (a) any changes or developments in United States, regional, global, or international economic conditions, including any changes or developments affecting financial, credit, foreign exchange, or capital market conditions; (b) any changes or developments in conditions in the industries in which NIC and the NIC Subsidiaries operate and any seasonal fluctuations in the business of NIC and the NIC Subsidiaries; (c) any changes or developments in political, geopolitical, regulatory, or legislative conditions in the United States or any other country or region of the world; (d) any changes or developments in GAAP or the interpretation thereof; (e) any changes or developments in applicable Law or the interpretation thereof; (f) any failure by NIC to meet any internal or published projections, estimates, forecasts or expectations of NIC’s revenue, earnings, or other financial performance or results of operations for any period, in and of itself, or any failure by NIC to meet its internal budgets, plan...
NIC ESPP means the NIC Inc. Amended and Restated Employee Stock Purchase Plan.
Examples of NIC ESPP in a sentence
As of February 9, 2021 (the “NIC Capitalization Date”), (i) 68,471,592 shares of NIC Common Stock (including 1,431,357 restricted shares of NIC Common Stock granted under the NIC Stock Plan) were issued and outstanding and zero shares of NIC Common Stock were held in NIC’s treasury, (ii) 2,447,644 shares of NIC Common Stock were reserved for issuance under the NIC Stock Plan and (iii) 787,353 shares of NIC Common Stock were reserved for issuance under the NIC ESPP.