Common use of Approval of the Plan Clause in Contracts

Approval of the Plan. The RSUs granted under this Agreement are subject to the Plan being approved by the shareholders of the Company, as set forth in the Plan. If the shareholders do not approve the Plan, then the RSU granted under this Agreement shall become automatically void and of no further force or effect.

Appears in 3 contracts

Sources: Restricted Stock Unit Agreement (AbitibiBowater Inc.), Restricted Stock Unit Agreement (AbitibiBowater Inc.), Restricted Stock Unit Agreement (AbitibiBowater Inc.)