Plan Securities means, collectively, the New Equity, the New Warrants, the 2L MyT Distribution, the 3L MyT Distribution, any notes issued under the Exit Facility, and the MYT Series B Preferred Units offered, issued, or transferred under the Plan.

Plan Securities means, collectively, the New Common Stock, the Special Warrants and, if the New Common Stock and/or Special Warrants are transferred to the FCC Trust, the beneficial interests in the FCC Trust and the shares of New Common Stock and/or Special Warrants to be issued to the holders of such beneficial interests after FCC Approval of the Transfer of Control.

Examples of Plan Securities in a sentence

As a result of the above discretion, the Board has the power to determine that some or all of a participant's Plan Securities will not lapse in the event of the participant ceasing employment or office before the vesting of their Plan Securities.
In particular, the value of a particular benefit will depend on factors such as the Company's Share price at the time of vesting and the number of Plan Securities that will vest or otherwise be affected.
This 'accelerated vesting' of Plan Securities may constitute a 'termination benefit' prohibited under the Corporations Act, regardless of the value of such benefit, unless Shareholder approval is obtained.
An offering of Plan Securities provided in reliance on the exemption from registration under the Securities Act pursuant to section 1145(a) of the Bankruptcy Code may be sold without registration to the extent permitted under section 1145 of the Bankruptcy Code and is deemed to be a public offering, and such Plan Securities may be resold without registration to the extent permitted under section 1145 of the Bankruptcy Code.
As is common with employee incentive schemes, the Plan provides the Board with the discretion to, amongst other things, determine that some or all of the Equity Securities granted to a participant under the Plan (Plan Securities) will not lapse in the event of that participant ceasing their engagement with the Company before such Plan Securities have vested.

More Definitions of Plan Securities

Plan Securities means (a) the New Equity Interests and (b) the Contingent Payment Rights, each of which shall be distributed by the Reorganized Debtors pursuant to the terms of the Plan.

Plan Securities means, collectively, the New Common Stock and the New Preferred

Plan Securities means, collectively, the New Equity, the New Warrants, the 2L MyT

Plan Securities means the New Common Stock issuable pursuant to the Plan, the New Senior Secured Notes, the New Secured PIK Notes, the New Warrants and the shares of New Class A Common Stock issuable upon exercise of the New Warrants, the New Options and the shares of New Class A Common Stock issuable upon exercise of the New Options.

Plan Securities has the meaning set forth in Article V.I of this Plan.