OPC Director definition

OPC Director means any individual who is a non-employee member of the Board of Directors of OPC immediately prior to the Effective Time.
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Examples of OPC Director in a sentence

  • Furthermore, unless expressly provided for in this Agreement, the Separation Agreement or in any Transfer Document or required by applicable Law, no provision in this Agreement shall be construed to create any right to accelerate vesting or entitlements to any compensation or Benefit Plan on the part of any OPC Group Employee, Former OPC Group Employee, OPC Director, CRC Director, CRC Group Employee or Former CRC Group Employee.

  • Each OPC Director who is the holder of outstanding OPC DSAs immediately prior to the Effective Time, shall receive from OPC, upon the Initial Distribution being made, such number of shares of CRC Common Stock as determined by applying the Distribution Ratio in the same way as if such outstanding OPC DSAs were fully vested and transferrable shares of OPC Common Stock as of the Effective Time.

  • The shares of CRC Common Stock so distributed to such OPC Director shall be subject to substantially the same terms and conditions (including transfer restrictions) immediately following the Effective Time as applicable to the OPC DSAs held by such OPC Director immediately prior to the Effective Time.

  • Each OPC DSU that is outstanding and held by an individual other than a CRC Director as of immediately prior to the Effective Time (an “OPC Director DSU”) shall, upon the Effective Time, be adjusted such that the number of shares of OPC Common Stock subject to such OPC Director DSU is the Adjusted OPC Share Number (an “Adjusted OPC DSU”).

  • Each OPC DRSU that is outstanding and held by an individual other than a CRC Director as of immediately prior to the Effective Time (an “OPC Director DRSU”) shall, upon the Effective Time, be adjusted such that the number of shares of OPC Common Stock subject to such OPC Director DRSU is the Adjusted OPC Share Number (an “Adjusted OPC DRSU”).

  • The shares of CRC Common Stock so distributed to such OPC Director shall be subject to substantially the same terms and conditions (including transfer restrictions) immediately following the Effective Time as applicable to the OPC RSAs held by such OPC Director immediately prior to the Effective Time.

  • Each OPC Director who is the holder of outstanding OPC RSAs immediately prior to the Effective Time (which awards are vested but subject to transfer restrictions), shall receive, upon the Initial Distribution being made, such number of shares of CRC Common Stock as determined by applying the Distribution Ratio in the same way as if such outstanding OPC RSAs were fully vested and transferrable shares of OPC Common Stock as of the Effective Time.