Qualifying Acquisition definition
Examples of Qualifying Acquisition in a sentence
Thereafter, the Company shall have no further obligation to Executive or Executive’s legal representatives, except for Executive’s rights to vesting of Restricted Stock upon consummation of a Qualifying Acquisition within six months after termination as provided under Section 2(c)(ii).
You will not be entitled to any additional bonus payments for any subsequent transactions that may otherwise satisfy the criteria for a Qualifying Acquisition.
Your bonus entitlement under this Restated Agreement will terminate, and you will cease to have any further benefit entitlements under this Restated Agreement, upon the receipt of the bonus payments that become due and payable to you in connection with the first transaction or series of related transactions constituting a Qualifying Acquisition.
For purposes of this Restated Agreement, you shall be deemed to have continued to provide Service through a Qualifying Acquisition if (1) you are an employee of the Company on the day on which the Qualifying Acquisition is deemed to have occurred, or (2) you are terminated by the Company without cause within sixty (60) days prior to the date the Qualifying Acquisition is deemed to have occurred.
The liabilities and obligations of the Company under this Restated Agreement will be binding upon any successor corporation or entity that succeeds to all or substantially all of the assets and business of the Company by merger or other transaction, whether or not such transaction constitutes a Qualifying Acquisition.