STOCK PURCHASE PROGRAM Clause Samples

The Stock Purchase Program clause establishes the terms under which employees or other eligible participants can purchase company stock, often at a discounted rate or through payroll deductions. Typically, this clause outlines eligibility requirements, purchase limits, enrollment procedures, and the timing of stock purchases. Its core practical function is to provide a structured opportunity for participants to acquire ownership in the company, thereby promoting employee investment, retention, and alignment with the company's long-term success.
STOCK PURCHASE PROGRAM. After the Closing, Quanta will endeavor to establish, subject to stockholder approval, an employee stock purchase program to facilitate employee purchases of Quanta Common Stock directly from Quanta without paying third party brokerage commissions. Notwithstanding anything to the contrary contained herein, neither this Section 7.8, Sections 7.9, 7.10, 7.11, nor anything in this Agreement, or any other agreement of Quanta and its Affiliates entered into in connection with the consummation of the transactions contemplated hereby, shall be deemed or construed to make any employee of the Companies or Quanta or its Affiliates or potential participants in any such employee stock purchase program a third party beneficiary or create any right in any such persons to cause Quanta or its Affiliates to establish any such employee stock purchase program.
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STOCK PURCHASE PROGRAM. 12.1. The Committee may, from time to time, establish one or more programs under which Employees will be permitted to purchase shares of Stock under the Plan, and shall designate the Employees eligible to participate under such Stock purchase programs. The purchase price for shares of Stock available under such programs, and other terms and conditions of such programs, shall be established by the Committee. The purchase price may not be less than 75% of the Fair Market Value of the Stock at the time of purchase (or, in the Committee's discretion, the average Stock value over a period determined by the Committee), and further provided that if newly issued shares of Stock are sold, the purchase price may not be less than the aggregate par value of such newly issued shares of Stock. 12.2. The Committee may impose such restrictions with respect to shares purchased under this Section 12, as the Committee, in its sole discretion, determines to be appropriate. Such restrictions may include, without limitation, restrictions of the type that may be imposed with respect to Restricted Stock under Section 8.
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STOCK PURCHASE PROGRAM. The Executive will be eligible to purchase shares of the Company’s common stock through participation in the Company’s Employee Stock Purchase Plan.
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STOCK PURCHASE PROGRAM. After the Closing, Quanta will endeavor to establish an employee stock purchase program to facilitate employee purchases of Quanta Common Stock directly from Quanta without paying third party brokerage commissions. Notwithstanding anything to the contrary contained herein, neither this Section 7.9 nor anything in this Agreement, or any other agreement of Quanta and its Affiliates entered into in connection with the consummation of the transactions contemplated hereby, shall be deemed or construed to make any employee of the Company or Quanta or its Affiliates or potential participants in any such employee stock purchase program a third party beneficiary or create any right in any such persons to cause Quanta or its Affiliates to establish any such employee stock purchase program.
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Related to STOCK PURCHASE PROGRAM

  • Stock Purchase At the Closing (as hereinafter defined), subject to the terms and conditions herein contained, the Seller shall sell, convey, transfer, assign and deliver to the Buyer, and the Buyer shall purchase and acquire, the Shares, together with all rights and interests associated therewith.

  • Stock Purchase Agreement Each Purchaser understands and agrees that the conversion of the Notes into equity securities of the Company will require such Purchaser’s execution of certain agreements relating to the purchase and sale of such securities as well as any rights relating to such equity securities.

  • Employee Stock Purchase Plan The Company shall take all requisite action with respect to the Company’s 2000 Employee Stock Purchase Plan, as amended (the “Company ESPP”), to ensure that (i) all outstanding Company Purchase Rights (as defined in Section 4.02) will be exercised no later than three (3) Business Days prior to the Expiration Date, (ii) no Company Purchase Rights will be issued and outstanding as of the Expiration Date, (iii) conditioned upon the occurrence of the Closing, the Company ESPP will be terminated no later than the Effective Time, and (iv) no additional offering periods shall commence on or after the Expiration Date. The Company shall deliver to Parent prior to the Expiration Date sufficient evidence that the Company ESPP will be terminated as of the Effective Time, conditioned upon the occurrence of the Closing. In addition, prior to the Effective Time, the Company shall take all actions (including, if appropriate, amending the terms of the Company ESPP and the terms of any offering period(s) commencing prior to the Expiration Date) that are necessary to provide that, as of the Effective Time, participants and former participants in the Company ESPP shall cease to have any right or interest thereunder. Notwithstanding the foregoing, all actions taken and all amendments made pursuant to this Section 3.06 shall be taken or made in compliance with Sections 423 and 424 of the Code and so as not to result in a “modification” under such Sections. All Shares issued in connection with the exercise of the Company Purchase Rights shall be, at the Effective Time, converted into the right to receive the Merger Consideration in accordance with, and pursuant to, the terms and conditions of this Agreement.

  • Dividend Reinvestment Plan Any and all expenses incident to any dividend reinvestment plan.

  • Directed Share Program The Company will comply with all applicable securities and other laws, rules and regulations in each jurisdiction in which the Directed Shares are offered in connection with the Directed Share Program.