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The business makes offered to Father or mother complete and you will accurate copies of the many (A) Business Stock Arrangements, (B) types of preparations evidencing Company Commodity, Business DSUs, Business RSUs and Organization Performance Show Awards and you may (C) forms of plans evidencing some other guarantee or guarantee-linked prize otherwise settlement arrangement. The fresh applicable Mother or father Entity should pay the Merger Said applicable to help you including Company RSU to the manager of these Company RSU, without any desire on that and you can at the mercy of all appropriate withholding, no later compared to after out of (x) five (5) Business days pursuing the RSU Vesting Go out and (y) the brand new time of your own Team’s very first regularly arranged payroll following RSU Vesting Go out; provided that, in the example of the new DAP Proper, such portion of the Merger Consideration shall simply be payable if the and also to the newest extent considering regarding the DAP Liberties Arrangement. (a) Except since the if not decided in writing amongst the proprietor and you can Parent, and subject to the final phrase of the Area dos.3(a), productive by instantly before the Energetic Go out, for each following-a fantastic Company Inventory Option will instantly become terminated and you may converted into the right to found regarding the Surviving Company (i) an amount of cash equal to the product from (A) the full amount of shares away from Organization Preferred Stock next subject to such Company Inventory Option, increased by the (B) the additional, or no, of your own For every Show Dollars Thought across the for every express exercise price of such as Organization Inventory Option and (ii) you to DAP In regard of every share of Team Common Stock susceptible to such Company Inventory Option. Father or mother will cause the Thriving Company to invest the newest aggregate matter payable by the Enduring Business to your proprietors of these Business Stock options pursuant on the preceding phrase, without the interest thereon and subject to the relevant withholding, zero later on versus later on from (A) four (5) Business days following Merger Closing Date and (B) the fresh day of your own Company’s very first frequently arranged payroll pursuing the Merger Closure Date, provided in the example of the new DAP Best, including portion of the Merger Consideration will just be payable if the also to the brand new the total amount offered regarding the DAP Rights Agreement. If the the fresh for each show exercise cost of one Team Stock Choice is equal to or more than the brand new For each and every Express Bucks Said, such as Business Inventory Choice is going to be canceled, as a given getting payable according thereof, and also have not any longer push otherwise feeling. Up on the fresh words and susceptible to the newest fulfillment otherwise waiver (on the the amount enabled hereunder and also by appropriate laws) of your conditions set forth within Contract, as soon as practicable to your Merger Closure Day, Mother, Merger Sub and also the Company shall trigger a certificate away from merger or any other compatible data (in almost any for example instance, the newest “Certification from Merger”) as duly prepared, carried out and recognized in accordance with the associated specifications of one’s DGCL and you can recorded to your Secretary away from County.
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- (a) Section 3.14(a) of your Business Disclosure Letter sets forth a complete and you may exact list, as of the brand new go out for the Agreement, of all the issue Company Personnel Agreements and specifies if including package try a good United states Package or a global Bundle.
- People money from the new Product sales Committee Debts Count or even the Stockholder Affiliate Debts Count, because the appropriate, you to definitely continue to be unused following fee in full of your own Town Stockholder Continues For each and every DAP Proper or even the Sales Due date Shareholder Continues For each and every DAP Correct, as the relevant, pursuant to along with accordance having Area dos.cuatro will likely be marketed on the applicable shared account in order to DAP Issuer four (5) Working days pursuing the percentage of one’s Village Stockholder Proceeds Per DAP Correct or perhaps the Product sales Deadline Stockholder Proceeds For each and every DAP Correct, since the appropriate.
- Testicle step 1, dos, step 3, 4, 5 is largely because the more likely removed because the 5, 22, 26, 56, 63.
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For the avoidance from doubt, that it Section dos.4(a)(ii) and you can Part dos.4(c) should apply to a whole Community Sales that has been consummated after the date of your own Merger Contract and before the go out associated with the Arrangement on the the quantity your proceeds from such as Entire Community Product sales just weren’t in past times put into the brand new Per Show Cash Idea about the the brand new Closure lower than Part 2.1(c) of your Merger Agreement. Susceptible to the newest steps set forth inside Point 2.4(b) when it comes to any Compulsory Shipment Amount pursuant so you can Part 4.1(e)(i), through to a required Meantime Delivery pursuant to help you Area 4.1(e)(i) or an ask for an enthusiastic Interim Shipment by the Selling Committee pursuant in order to Section 4.1(e)(ii) or Section cuatro.1(e)(iii), for each and every Owner out of an outstanding DAP Correct shall, in respect of each and every including DAP Right, be entitled to and you may should receive the Meantime Shipping Shareholder Proceeds For every DAP Correct regarding for example Meantime Distribution. “VPMC Working Arrangement” function the newest Amended and Restated Limited-liability Team Contract away from VPMC old since January 3, 2023, therefore agreement can be revised periodically after the the fresh date hereof.
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