Parent ESPP. As of the Redemption Date, Transferred Employees ----------- will cease to participate in the Parent ESPP. In accordance with the terms of the Parent ESPP, any monies set aside under such Plan that were not previously used to purchase ESPP shares shall promptly be returned to the Transferred Employees.
Appears in 2 contracts
Sources: Merger Agreement (Quantum Corp /De/), Agreement and Plan of Merger and Reorganization (Quantum Corp /De/)
Parent ESPP. As of the Redemption Date, Transferred Employees ----------- will cease to participate in the Parent ESPP. In accordance with the terms of the Parent ESPP, any monies set aside under such Plan that were not previously used to purchase ESPP shares shall promptly be returned to the Transferred Employees.
Appears in 2 contracts
Sources: Merger Agreement (Maxtor Corp), Agreement and Plan of Merger and Reorganization (Maxtor Corp)