Common use of Exercise Price of the Option Clause in Contracts

Exercise Price of the Option. The exercise price for the Option Units per Class A Unit (the “Exercise Price”) will be equal to $[___________], which is equal to the Liquidation FMV, as defined below, of a Class A Unit on the Grant Date.

Exercise Price of the Option. The exercise price for the Option Units per Class A Unit (the “Exercise Price”) ), will be equal to $[___________], which is equal to the Liquidation FMV, as defined below, fair market value of a Class A Unit on the Grant DateDate as determined by the Company based on a recent, independent valuation.