Employee Stock Purchase Sample Clauses

Employee Stock Purchase. Within 20 days of the date hereof, the ----------------------- Company shall sell restricted shares of its common stock to the Employee in accordance with the following terms and conditions pursuant to an employee stock incentive plan or an employee stock purchase agreement (the "Plan") to be adopted by the Company's Board of Directors:
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Employee Stock Purchase. PLAN Section 9.01 The Hertz Global Holdings, Inc. Employee Stock Purchase Plan . HERC Holdings or another member of the HERC Holdings Group shall be solely responsible for maintaining and administering the Old Hertz Holdings ESPP following the Distribution. As of the Distribution Date, each member of the Hertz Group and each New Hertz Holdings Employee 37 and Former New Hertz Holdings Employee shall cease participation in the Old Hertz Holdings ESPP, except for any options under the Old Hertz Holdings ESPP held by a New Hertz Holdings Employee or Former New Hertz Holdings Employee that remain exercisable after the Distribution pursuant to the terms of the Old Hertz Holdings ESPP and applicable Law. Section 9.02 Establishment of New Hertz Holdings Employee Stock Purchase Plan. Prior to the time of the Distribution, New Hertz Holdings shall, or shall cause another member of the Hertz Group to, establish an employee stock purchase plan (the “New Hertz Holdings Spinoff ESPP”), with terms and features that are substantially identical to the Old Hertz Holdings ESPP; provided, however, that New Hertz Holdings may delay implementation of (or commencement of participation in) of the New Hertz Holdings Spinoff ESPP in one or more countries to the extent that New Hertz Holdings, in its sole discretion, determines such delay to be necessary or advisable. Prior to the time of the Distribution, Old Hertz Holdings, as the sole stockholder of New Hertz Holdings, shall approve the New Hertz Holdings Spinoff ESPP. New Hertz Holdings or another member of the Hertz Group shall be solely responsible for taking all necessary, reasonable, and appropriate actions to establish, maintain and administer the New Hertz Holdings Spinoff ESPP following the Distribution. Article X
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Employee Stock Purchase. Employee will be allowed to participate in the purchase of Twenty-Five Thousand dollars, ($25,000) of the Company’s restricted common stock in exchange for twenty-five thousand (25,000) shares at a price of $1.00 each, the (“Purchase Price”) and receive 12,500 purchase warrants exercisable at 125% of the Purchase Price for a period of three (3) years.
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Employee Stock Purchase. EMPLOYEE shall become eligible to participate in PSA’s Employee Stock Purchase plan in accordance with the provisions of the Plan. Participation and benefits of this Plan are governed by its official plan documents as changed, modified or terminated by PSA from time to time.
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Employee Stock Purchase. Under the terms of the Prior Agreement, the Company sold to the Employee 4,000 shares (the "Shares") of the Common Stock, par value $.01 per share, of Holophane Holdings Corporation, for the purchase price and on the terms set forth in that certain Stock Purchase and Stockholders Agreement, dated June 30, 1989, by and among Holophane Holdings Corporation and each of the other stockholders thereto, to which the Employee was concurrently made a party (the "Stockholders Agreement"). Pursuant to Section 6 of the Prior Agreement, certain terms of the Shares were to be set forth in a side letter (the "Side Letter") to be executed by an authorized officer of Holophane Holdings Corporation, a copy of which is attached hereto as Exhibit D. During the term of this Agreement, the terms and conditions set forth in the Side Letter shall remain in full force and effect until they lapse in accordance with the provisions of the Side Letter; provided, however, to the extent that the Employee's employment is terminated by the Company
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Employee Stock Purchase. PLAN This plan offers PRG-Schultz employees the opportunity to purchase whole shares of PRG stxxx xx a 15% discounted rate through payroll deductions. Employees are eligible to participate after 6 months of service. EMPLOYEE ASSISTANCE PROGRAM Free confidential counseling to employees and immediate family members. Convenience referral services are also available. This is only a summary of the plan provisions. Please refer to your plan documents for further detail on each of these plans. If a discrepancy exists between this summary and the plan document, the plan document will prevail. 2006 SUMMARY OF EMPLOYEE BENEFIT PLANS COMPANY-PAID PLANS: ------------------ LIFE INSURANCE 2 x Earnings; to a maximum of $350,000 -------------- $2,000 for spouse $1,000 for eligible dependent children SHORT-TERM DISABILITY 60% of weekly earnings to a maximum benefit of $1,200/week after a 14 day elimination --------------------- period is satisfied. Maximum benefit period is 26 weeks. LONG-TERM DISABILITY 60% of monthly earnings to a maximum benefit of $10,000/month; begins when short-term -------------------- disability ends. OPTIONAL PLANS: -------------- MEDICAL/DENTAL/PRESCRIPTION DRUG PLAN The PRG-Schultz medical plans are administered by Cigna Healthcare and incluxx: 0 Xpen Access Plus plans with different levels of coverage and an Out-of-Area (traditional indemnity) option in selected areas without networks. There are two traditional dental plans offered with separate annual maximums, including one with orthodontia coverage. Dental insurance is administered by Cigna. Bi-weekly Premiums: OAP PRIMARY OAP PREMIER OUT OF AREA DENTAL PRIMARY DENTAL PREMIER Employee $23.81 $46.14 $40.85 $5.02 $10.81 Emp/Spouse $102.36 $150.24 $138.90 $12.33 $24.19 Emp/Child(ren) $78.82 $116.01 $107.20 $12.52 $24.58 Family $141.96 $208.50 $190.74 $20.58 $40.40 VOLUNTARY VISION PLAN The vision plan is provided by VSP. Pre-taxed contributions are 100% paid by employees through regular biweekly deductions. Benefits include a comprehensive eye exam every 12 months, prescription lenses every 12 months, frames every 24 months(up to $130), and contact lens care every 12 months(up to $120). There is a $20 copay for both the eye exam and prescription glasses. Bi-weekly Premiums: Employee: $3.56 Emp/Spouse: $5.48 Emp/Child(ren: $5.60 Family: $9.03 FLEXIBLE SPENDING ACCOUNTS: Flexible spending accounts provide associates the opportunity to set a side pre-tax dollars to pay for expenses not covered un...
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Related to Employee Stock Purchase

  • Employee Stock Purchase Plan The Company shall take all requisite action with respect to the Company’s 2000 Employee Stock Purchase Plan, as amended (the “Company ESPP”), to ensure that (i) all outstanding Company Purchase Rights (as defined in Section 4.02) will be exercised no later than three (3) Business Days prior to the Expiration Date, (ii) no Company Purchase Rights will be issued and outstanding as of the Expiration Date, (iii) conditioned upon the occurrence of the Closing, the Company ESPP will be terminated no later than the Effective Time, and (iv) no additional offering periods shall commence on or after the Expiration Date. The Company shall deliver to Parent prior to the Expiration Date sufficient evidence that the Company ESPP will be terminated as of the Effective Time, conditioned upon the occurrence of the Closing. In addition, prior to the Effective Time, the Company shall take all actions (including, if appropriate, amending the terms of the Company ESPP and the terms of any offering period(s) commencing prior to the Expiration Date) that are necessary to provide that, as of the Effective Time, participants and former participants in the Company ESPP shall cease to have any right or interest thereunder. Notwithstanding the foregoing, all actions taken and all amendments made pursuant to this Section 3.06 shall be taken or made in compliance with Sections 423 and 424 of the Code and so as not to result in a “modification” under such Sections. All Shares issued in connection with the exercise of the Company Purchase Rights shall be, at the Effective Time, converted into the right to receive the Merger Consideration in accordance with, and pursuant to, the terms and conditions of this Agreement.

  • Employee Stock Unless otherwise approved by the Board of Directors, including at least one of the Preferred Directors, all future employees and consultants of the Company who purchase, receive options to purchase, or receive awards of shares of the Company’s capital stock after the date hereof shall be required to execute restricted stock or option agreements, as applicable, providing for (i) vesting of shares over a four (4) year period, with the first twenty-five percent (25%) of such shares vesting following twelve (12) months of continued employment or service, and the remaining shares vesting in equal quarterly installments over the following thirty-six (36) months, and (ii) a market stand-off provision substantially similar to that in Subsection 2.11. In addition, unless otherwise approved by the Board of Directors, including at least one of the Preferred Directors, the Company shall retain a “right of first refusal” on employee transfers until the Company’s IPO and shall have the right to repurchase unvested shares at cost upon termination of employment of a holder of restricted stock.

  • Employee Stock Option Plan Employee shall be entitled to participate in the Employee Stock Option Plan of the Company once approved by the Board of Directors.

  • Employee Stock Options (a) At the Effective Time, each Eligible Stock Option that is then outstanding under the Company Option Plan, whether vested or unvested, shall be assumed by Parent in accordance with the terms (as in effect as of the date of this Agreement) of the Company Option Plan and the stock option agreement by which such Eligible Stock Option is evidenced. All rights with respect to Company Common Stock under outstanding Eligible Stock Options shall thereupon be converted into rights with respect to Parent Common Stock. Accordingly, from and after the Effective Time, (a) each Eligible Stock Option assumed by Parent may be exercised solely for shares of Parent Common Stock, (b) the number of shares of Parent Common Stock subject to each such assumed Eligible Stock Option shall be equal to the number of shares of Company Common Stock that were subject to such Eligible Stock Option immediately prior to the Effective Time multiplied by the Exchange Ratio, rounded down to the nearest whole number of shares of Parent Common Stock, (c) the per share exercise price for the Parent Common Stock issuable upon exercise of each such assumed Eligible Stock Option shall be determined by dividing the exercise price per share of Company Common Stock subject to such Eligible Stock Option, as in effect immediately prior to the Effective Time, by the Exchange Ratio, and rounding the resulting exercise price up to the nearest whole cent, and (d) all restrictions on the exercise of each such assumed Eligible Stock Option shall continue in full force and effect, and the term, exercisability, vesting schedule and other provisions of such Eligible Stock Option shall otherwise remain unchanged; provided, however, that each such assumed Eligible Stock Option shall, in accordance with its terms, be subject to further adjustment as appropriate to reflect any stock split, reverse stock split, stock dividend, recapitalization or other similar transaction effected by Parent after the Effective Time. The Company and Parent shall take all action that may be necessary (under the Company Option Plan and otherwise) to effectuate the provisions of this Section 1.6.

  • Stock Purchase On the terms and subject to the conditions of this Agreement, the Buyer agrees to purchase from each of the Sellers, and each of the Sellers agrees to sell to the Buyer, the Shares owned by such Seller, free and clear of all Encumbrances, which Shares collectively constitute and shall constitute as of the Closing Date all of the issued and outstanding shares of the capital stock of the Company, for the consideration specified in Section 1.2.

  • Stock Purchase Plan (a) Establishment of Stock Purchase Plan. Effective as of the Closing Date, Constar shall establish an employee stock purchase plan (the “Constar ESPP”) that will provide benefits for a period of one year after the Closing Date that are at least substantially equivalent in all Material Features to those provided under the Crown Employee Stock Purchase Plan (the “Crown ESPP”) immediately before the Closing Date.

  • Employee Stock Ownership Plan The Executive will be eligible to participate in the Company’s Employee Stock Ownership Plan (“ESOP”), subject to the terms and conditions of the ESOP.

  • The Stock Purchase (a) Subject to the terms and conditions ------------------ hereof, promptly after the Company gives notice to the Depositary (as defined in the Offer to Purchase) of its acceptance of shares for payment pursuant to the Tender Offer, the Stockholder shall purchase from the Company, and the Company shall issue, sell and deliver to the Stockholder, a number of shares of Common Stock equal to 2% of the first $5,000,000 worth of shares purchased pursuant to the Tender Offer at a purchase price per share equal to

  • Company Stock Option Plans Simultaneously with the execution of this Agreement, the Board of Directors of the Company (or, if appropriate, any committee administering the Company Stock Option Plans) shall adopt such resolutions or take such other actions as are required to effect the transactions contemplated by Section 2.10 in respect of all outstanding Options and thereafter the Board of Directors of the Company (or any such committee) shall adopt any such additional resolutions and take such additional actions as are required in furtherance of the foregoing.

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