Target Stock Plans definition
Examples of Target Stock Plans in a sentence
All shares of Target Common Stock subject to issuance under the Target Stock Plans, upon issuance in accordance with the terms and conditions specified in the instruments pursuant to which they are issuable, will be duly authorized, validly issued, fully paid and non-assessable.
Pursuant to the terms of the Target Stock Plans, any Target Options not exercised prior to the Effective Time will be automatically terminated.
All of the Target Stock Plans have been approved by the Target’s shareholders to the extent required by the TBCA and the Code.
Buyer shall reserve for future issuance a number of shares of Buyer Common Stock at least equal to the number of shares of Buyer Common Stock that will be subject to Converted Stock Options as a result of the actions contemplated by this Section 1.6, plus the number of Available Target Stock Plan Shares in the event that Buyer maintains the Target Stock Plans as contemplated by Section 1.6(e).
All of the Target Options granted under the Target Stock Plans will accelerate and become fully exercisable immediately prior to the Effective Time.