Common use of Required Sale Clause in Contracts

Required Sale. In addition, in the event of a Required Sale (as defined in the LP Agreement) which is made applicable to the Performance Vesting Units pursuant to Section 4.5 of the LP Agreement, the Performance Vesting Units shall, to the extent not previously vested, vest based upon the MOIC implied by the Change of Control to which such Required Sale relates (assuming for such purpose only that the Partners received a distribution with respect to the sale of all of their then remaining Class A Interests at the price per Class A Interest received in connection with such Change of Control).

Appears in 7 contracts

Samples: Equity Incentive Plan Profits Interest Unit Award Agreement (KCI Animal Health, LLC), Equity Incentive Plan Profits Interest Unit Award Agreement (Centaur Guernsey L.P. Inc.), Equity Incentive Plan Profits Interest Unit Award Agreement (Centaur Guernsey L.P. Inc.)

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Required Sale. In addition, in the event of a Required Sale (as defined in the LP Agreement) which is made applicable to the Performance Vesting Units pursuant to Section 4.5 of the LP Agreement, the Performance Vesting Units shall, to the extent not previously vested, vest based upon the MOIC implied by the Change of Control to which such Required Sale relates (assuming for such purpose only that the Partners received a distribution with respect to the sale of all of their then remaining Class A A-1 Interests and Class A-2 Interests at the price per Class A A-1 Interest and Class A-2 Interest, as applicable, received in connection with such Change of Control).

Appears in 3 contracts

Samples: Equity Incentive Plan Profits Interest Unit Award Agreement (Acelity L.P. Inc.), Equity Incentive Plan Profits Interest Unit Award Agreement (Acelity L.P. Inc.), Equity Incentive Plan Profits Interest Unit Award Agreement (Acelity L.P. Inc.)

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Required Sale. In addition, in the event of a Required Sale (as defined in the LP Agreement) which is made applicable to the Performance Vesting Units pursuant to Section 4.5 of the LP Agreement, the Performance Vesting Units shall, to the extent not previously vested, vest based upon the MOIC implied by the Change of Control to which such Required Sale relates (assuming for such purpose only that the Partners received a distribution with respect to the sale of all of their then remaining Class A Interests at the price per Class A Interest received in connection with such Change of Control). 5.

Appears in 1 contract

Samples: Profits Interest Unit Award Agreement

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