Performance-Based Equity. Promptly following the Closing, the Executive shall be granted Class C-2 Units in an amount equal to two percent (2%) of the fully-diluted ownership of the Company. Such Class C-2 Units shall vest upon the achievement by TA of a per Class A Unit net return of three times (3x) the price paid by TA for each Class A Unit of the Company at the Closing.
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Samples: Employment Agreement, Employment Agreement (Amplify Snack Brands, INC)
Performance-Based Equity. Promptly following the ClosingActual Start Date, the Executive shall be granted Class C-2 Units in an amount equal to two one percent (21.0%) of the fully-diluted ownership of the Company. Such Class C-2 Units shall vest upon the achievement by TA of a per Class A Unit net return of three times (3x) the price per share paid by funds affiliated with TA for each Class A Unit of the Company at the ClosingUnit.
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Performance-Based Equity. Promptly following the Closing, the Executive shall be granted Class C-2 Units in an amount equal to two one percent (21%) of the fully-diluted ownership of the Company. Such Class C-2 Units shall vest upon the achievement by funds affiliated with TA Associates Management L.P. (“TA”) of a per Class A Unit net return of three times (3x) the price paid by TA for each Class A Unit of the Company at the Closing.
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