Examples of LLC Agreement in a sentence
The records of the Company and any other documentation evidencing the Option Units shall bear an appropriate legend, as determined by the Company in its sole discretion, to the effect that such Option Units are subject to restrictions as set forth herein, in the Plan and in the LLC Agreement.
In connection with the execution of the First Amendment (the “Amendment”) to the LLC Agreement, each Common Unit issued and outstanding immediately prior to the execution of the Amendment shall automatically be converted into 0.04 Common Units (the “Reverse Unit Split”), subject to the required redemption of Common Units held by Bakkt Pubco pursuant to Section 3.4 prior to the consummation of the Reverse Unit Split.
Subject to earlier forfeiture, termination, acceleration or cancellation of the Option Units as provided in the LLC Agreement, Plan or this Award Agreement, until the Expiration Date, Vested Option Units shall be convertible at the Participant’s election into a number of LTIP Units, as determined in accordance with the LLC Agreement, which in turn are convertible into Class A Common Units and Shares as provided in the LLC Agreement.
The Participant agrees that this signature page may be attached to any counterpart of the LLC Agreement and further agrees as follows (where the term “Member” refers to the Participant).
The Participant shall have the right to vote the Option Units if and when voting is allowed under the LLC Agreement, regardless of whether the applicable Vesting Period has expired.