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ATVI » Topics » (c) Alternative Transaction . In the event that the Combination Transactions are not consummated on or prior to June 30, 2009, but the Company enters into another agreement

This excerpt taken from the ATVI DEFA14A filed Dec 6, 2007.

(c)           Alternative Transaction. In the event that the Combination Transactions are not consummated on or prior to June 30, 2009, but the Company enters into another agreement

 

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pursuant to which a Change of Control (as such term is defined in the New Employment Agreement) is consummated on or prior to June 30, 2009 (an “Alternative Transaction”), the Executive shall be entitled to the Second Bonus and the RSU Bonus in accordance with Sections 1(a)(ii) and 1(b); provided, however, that, for purposes of Sections 1(a)(ii) and 1(b), references to the Consummation Date will be deemed to refer to the consummation date of the Alternative Transaction.

 

(d)           Failure to Timely Consummate a Transaction. Notwithstanding the foregoing, if the Combination Transactions or an Alternative Transaction is not consummated on or prior to June 30, 2009, the Executive shall have no entitlement to, and the Company shall not be obligated to pay to the Executive, the Second Bonus or the RSU Bonus.

 

This excerpt taken from the ATVI 8-K filed Dec 6, 2007.

(c)           Alternative Transaction. In the event that the Combination Transactions are not consummated on or prior to June 30, 2009, but the Company enters into another agreement

 

2


 

pursuant to which a Change of Control (as such term is defined in the New Employment Agreement) is consummated on or prior to June 30, 2009 (an “Alternative Transaction”), the Executive shall be entitled to the Second Bonus and the RSU Bonus in accordance with Sections 1(a)(ii) and 1(b); provided, however, that, for purposes of Sections 1(a)(ii) and 1(b), references to the Consummation Date will be deemed to refer to the consummation date of the Alternative Transaction.

 

(d)           Failure to Timely Consummate a Transaction. Notwithstanding the foregoing, if the Combination Transactions or an Alternative Transaction is not consummated on or prior to June 30, 2009, the Executive shall have no entitlement to, and the Company shall not be obligated to pay to the Executive, the Second Bonus or the RSU Bonus.

 

EXCERPTS ON THIS PAGE:

DEFA14A
Dec 6, 2007
8-K
Dec 6, 2007

RELATED TOPICS for ATVI:

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