Right to Repurchase Class B Profits Interest Units on Termination of Employment. The Class B Profits Interest Units are subject to the Partnership’s, the Employer’s and the Sponsor’s right of repurchase pursuant to Section VI (F) of the Plan; provided that for purposes of Fair Market Value (as defined in the Plan), if the Participant disagrees with the General Partner’s determination, the Participant may require the Partnership to retain an independent, nationally recognized investment bank or appraiser to determine the fair market value. The Partnership will bear the cost of such appraisal, unless the appraised value is 110% or less of the General Partner’s determination of the fair market value, in which case the Participant will bear the cost of such appraisal.
Appears in 4 contracts
Samples: Profits Interest Unit Award Agreement (Candela Medical, Inc.), Profits Interest Unit Award Agreement (Candela Medical, Inc.), Profits Interest Unit Award Agreement (Candela Medical, Inc.)
