Substituted Awards Contract Clauses (29)

Grouped Into 1 Collection of Similar Clauses From Business Contracts

This page contains Substituted Awards clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Substituted Awards. The Committee may grant Incentive Awards under this Plan in substitution for stock and stock-based awards held by employees of another entity who become employees of the Company or a Subsidiary as a result of a merger or consolidation of the former employing entity with the Company or a Subsidiary or the acquisition by the Company or a Subsidiary of property or stock of the former employing corporation. The Committee may direct that the substitute Incentive Awards be granted on such terms and... conditions as the Committee considers appropriate in the circumstances. 21 20. Effective Date and Duration of this Plan. This Plan will be effective as of the Effective Date and will terminate at midnight on the day before the tenth (10th) anniversary of the Effective Date, and may be terminated prior to such time by Board action. No Incentive Award will be granted after termination of this Plan. Incentive Awards outstanding upon termination of this Plan may continue to be exercised, earned or become free of restrictions, according to their terms. View More Arrow
Found in NORTHERN TECHNOLOGIES INTERNATIONAL CORP contract
Substituted Awards. The Committee may grant Incentive Awards under this Plan in substitution for stock and stock-based awards held by employees of another entity who become employees of the Company or a Subsidiary as a result of a merger or consolidation of the former employing entity with the Company or a Subsidiary or the acquisition by the Company or a Subsidiary of property or stock of the former employing corporation. The Committee may direct that the substitute Incentive Awards be granted on such terms and... conditions as the Committee considers appropriate in the circumstances. 21 20. 21. Effective Date and Duration of this Plan. This Plan will be is effective as of the Effective Date and Date. This Plan will terminate at midnight on the day before the tenth (10th) ten (10) year anniversary of the Effective Date, and may be terminated prior to such time by Board action. No Incentive Award will be granted after termination of this Plan. Incentive Plan, but Awards outstanding upon termination of this Plan may continue to be exercised, earned or become free will remain outstanding in accordance with their applicable terms and conditions and the terms and conditions of restrictions, according to their terms. this Plan. View More Arrow
Found in First Colombia Development Corp. contract
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