Common use of Stock-Based Employee Benefit Plans Clause in Contracts

Stock-Based Employee Benefit Plans. At or prior to the Effective Time, GGP and Spinco shall take all actions as may be necessary to approve the stock-based employee benefit plans of Spinco in order to satisfy the requirements of Rule 16b-3 under the Exchange Act and the applicable rules and regulations of the New York Stock Exchange.

Appears in 7 contracts

Sources: Separation Agreement (Rouse Properties, Inc.), Separation Agreement (Rouse Properties, Inc.), Separation Agreement (Howard Hughes Corp)