Company Restricted Shares. At the Effective Time, each share of Company Stock subject to vesting, repurchase or other lapse restrictions granted pursuant to a compensatory award (a “Company Restricted Share”) that is outstanding immediately prior to the Effective Time shall vest in full and become free of restrictions, and any repurchase rights shall lapse, and the holder thereof shall be entitled to receive the Merger Consideration (subject to Section 2.07 and Section 2.08(d)) with respect to each such Company Restricted Share, less any applicable Taxes required to be withheld as provided in Section 2.08(i).
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Team Inc), Agreement and Plan of Merger (Furmanite Corp)
Company Restricted Shares. At the Effective Time, each share of Company Common Stock subject to vesting, repurchase or other lapse restrictions granted pursuant to a compensatory award (a “under any of the Company Restricted Share”) that Stock Plans which is outstanding immediately prior to the Effective Time (each, a “Company Restricted Share”) shall vest in full and become free of restrictions, such restrictions and any repurchase rights right shall lapselapse and, and subject to Purchaser’s receipt of a stock-based award surrender agreement in the form set forth on Section 2.3 of the Company Disclosure Schedule, the holder thereof shall be entitled to receive the Merger Consideration (subject to Section 2.07 and Section 2.08(d)) with respect to each such Company Restricted ShareShare in accordance with Section 1.4(c), less any applicable Taxes required to be withheld as provided in Section 2.08(i)2.3.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Hilltop Holdings Inc.), Agreement and Plan of Merger (Plainscapital Corp)
