Common use of Issuance of Series B Units Clause in Contracts

Issuance of Series B Units. The Company hereby issues to the Employee ________ B-5 Units on the Effective Date. Each Series B-5 Unit has a Threshold Value of $1.40. The Series B-5 Units are intended to constitute “profits interests” within the meaning of Revenue Procedures 93-27 and 2001-43 (or the corresponding requirements of any subsequent guidance promulgated by the United States Internal Revenue Service or other applicable law), and thus the capital account associated with each such Series B-5 Unit at the time of its issuance shall be equal to zero dollars ($0.00). The Series B-5 Units issued by the Company to the Employee pursuant to this Agreement are referred to herein as the “Granted Series B-5 Units.”

Issuance of Series B Units. The Company hereby issues to the Employee ________ B-5 [ ] Series B-1 Units on the Effective Date. Each Series B-5 B-1 Unit has a Threshold Value of $1.401.00. The Series B-5 B-1 Units are intended to constitute “profits interests” within the meaning of Revenue Procedures 93-27 and 2001-43 (or the corresponding requirements of any subsequent guidance promulgated by the United States Internal Revenue Service or other applicable law), and thus the capital account associated with each such Series B-5 B-1 Unit at the time of its issuance shall be equal to zero dollars ($0.00). The Series B-5 B-1 Units issued by the Company to the Employee pursuant to this Agreement are referred to herein as the “Granted Series B-5 B-1 Units.”

Issuance of Series B Units. The Company hereby issues to the Employee ________ 357,143 B-5 Units on the Effective Date. Each Series B-5 Unit has a Threshold Value of $1.40. The Series B-5 Units are intended to constitute “profits interests” within the meaning of Revenue Procedures 93-27 and 2001-43 (or the corresponding requirements of any subsequent guidance promulgated by the United States Internal Revenue Service or other applicable law), and thus the capital account associated with each such Series B-5 Unit at the time of its issuance shall be equal to zero dollars ($0.00). The Series B-5 Units issued by the Company to the Employee pursuant to this Agreement are referred to herein as the “Granted Series B-5 Units.”

Issuance of Series B Units. The Company hereby issues to the Employee ________ B-5 B- Units on the Effective Date. Each Series B-5 B- Unit has a Threshold Value of $1.40$ . The Series B-5 B- Units are intended to constitute “profits interests” within the meaning of Revenue Procedures 93-27 and 2001-43 (or the corresponding requirements of any subsequent guidance promulgated by the United States Internal Revenue Service or other applicable law), and thus the capital account associated with each such Series B-5 B- Unit at the time of its issuance shall be equal to zero dollars ($0.00). The Series B-5 B- Units issued by the Company to the Employee pursuant to this Agreement are referred to herein as the “Granted Series B-5 B- Units.”