Common use of Investment Opportunity Clause in Contracts

Investment Opportunity. At a time determined by the Board (and subject to the Executive’s continued employment at such time), the Executive will be permitted to indirectly invest in the equity of the Parent, through the purchase of Class B Units of Allstar Managers LLC, a Delaware limited liability company (“Allstar Managers”) and member of the Parent, in an amount having an aggregate value to be determined by the Board and the Executive, based on a purchase price per unit equal to the then-current fair market value per Class B Unit of Allstar Managers, as determined by the Board.

Appears in 5 contracts

Samples: Executive Employment Agreement (Academy Sports & Outdoors, Inc.), Executive Employment Agreement (Academy Sports & Outdoors, Inc.), Employment Agreement (Academy Sports & Outdoors, Inc.)

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Investment Opportunity. At a any time determined by the Board prior to October 1, 2018 (and subject to the Executive’s continued employment at such time), the Executive will be permitted to indirectly invest in the equity of the Parent, through the purchase of Class B Units of Allstar Managers LLC, a Delaware limited liability company (“Allstar Managers”) and member of the Parent, in an amount having an aggregate value to be determined by the Board and the Executive, based on a purchase price per unit equal to the then-current fair market value per Class B Unit of Allstar Managers, as determined by the Board.

Appears in 1 contract

Samples: Employment Agreement (Academy Sports & Outdoors, Inc.)

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