Effectiveness of Plan. The Restated Plan shall be deemed adopted and become effective as of the Share Purchase Date upon the approval of the Restated Plan by the Board of Directors of the Company.
Effectiveness of Plan. The Employee's coverage under the Plan shall become effective on the date the Employee's active employee coverage ends; provided, however the Employee meets the requirements of Section 1(a) above and does not violate the covenant set forth in Section 1(c) hereinafter. 2 c.
Effectiveness of Plan. The Second Amended Plan of Reorganization for UPET (the "Plan") and the Order Confirming the Amended Plan by the Bankruptcy Court (the "Confirmation Order") in the Bankruptcy Proceedings (1) are in full force and effect, have not been withdrawn, modified or amended as of the date hereof, and are enforceable in accordance with their respective terms, (2) are not the subject of any motion for reconsideration or rehearing, whether under Rules 59 or 60 of the Federal Rules of Civil Procedure or otherwise, and (3) are not the subject of any appeal, extension of time for appeal, stay pending appeal or similar pleading.
Effectiveness of Plan. Upon receipt of approval by votes of a majority of both (a) the Board and (b) the Independent Directors, this Plan which was originally effective September 3, 1996, shall be amended and restated as of July 26, 2013.
Effectiveness of Plan. 8.1 The effectiveness of this Plan is contingent upon the closing of the transactions contemplated by the Merger Agreement. If for any reason the closing of such transactions (and thus the Effective Date) does not occur, this Plan shall be null and void and of no force and effect. EXHIBIT B RELEASE OF CLAIMS BY AND BETWEEN ELIGIBLE EMPLOYEE AND ANHEUSER-XXXXX COMPANIES, INC.
Effectiveness of Plan. (a) Determination of Plan Effective Date. The Plan Effective Date shall be as indicated in the Plan as the earlier of (i) the closing date of the IPO or (ii) a stated date which shall not be later than six months after the date on which the Plan is approved by the Superintendent pursuant to subsection (j) of Section 7312.
Effectiveness of Plan. (a) Plan Effective Date. The Plan Effective Date shall be the same date as the date on which the Effective Time occurs, except that the Conversion shall occur immediately before the Merger. The Company shall issue the Issued Company Shares to the Conversion Agent, as record holder and nominee for the Eligible Shareholders in the Conversion. The Plan of Conversion shall provide that the Conversion Agent shall vote the Issued Company Shares in favor of the approval and adoption of the Agreement and Plan of Merger and that the Conversion Agent, as agent for Eligible Shareholders, shall exchange such stock for Merger Consideration pursuant to the Merger.
Effectiveness of Plan. Except as expressly amended herein, the Plan shall continue in full force and effect and is hereby ratified and confirmed in all respects as of the date hereof.
Effectiveness of Plan. The conditions to the effectiveness of the Plan shall be satisfied.
Effectiveness of Plan. (a) Upon approval by the Superintendent of the Plan and the method of Reorganization described herein and approval by the Voting Policyholders of the Plan pursuant to Section 7312, a copy of the Plan, with the Superintendent's approval endorsed thereon, shall be filed in the office of the Superintendent, and the Company shall file a copy certified by the Superintendent in the office of the Clerk of New York County pursuant to Section 7312(1). (b) The effective date of the Plan (the "Plan Effective Date") shall be the earlier of (i) the date on which the closing of an IPO occurs or (ii) a stated date which shall not be more than six months after the date the Plan is approved by the Superintendent pursuant to Section 7312(j), which shall be chosen by the Board subsequent to such approval. The Plan shall be deemed to have become effective at 12:01 a.m., New York time, on the Plan Effective Date. (c) The Holding Company may make an initial public offering of shares of Holding Company Common Stock to raise proceeds to the Holding Company of up to $400 million (net of underwriting commissions and expenses related to the initial public offering) or such other amount of net proceeds as may be approved by the Superintendent. 6 10 (d) On the Plan Effective Date: (i) the Company shall deliver 2 million shares of Company Common Stock, par value $1.00 per share, to the Holding Company representing all of the Company's issued and outstanding Company Common Stock; (ii) the Company shall surrender to the Holding Company, and the Holding Company shall cancel, all of the Holding Company Common Stock previously issued by the Holding Company to the Company and held by the Company immediately prior to the Plan Effective Date; (iii) the Holding Company shall contribute to the Company cash in accordance with the provisions of Section 5.2(j); and (iv) the Holding Company may sell shares of Holding Company Common Stock in an IPO for cash. (e) Also on the Plan Effective Date: (i) the Company's charter and by-laws shall be amended and restated to read as set forth in Exhibits B and E, respectively; (ii) the Company shall by operation of Section 7312 become a stock life insurance company; and (iii) the Policyholders' Membership Interests shall be extinguished in accordance with Section 7312 and Eligible Policyholders shall be entitled to receive in exchange therefor, as described in Article VII and the Actuarial Contribution Memorandum, shares of Holding Company Common Stock or, in c...
