Vested Restricted Units and Investor Units. (i)In the event of termination of Recipient’s employment with BRCC for any reason other than by BRCC for Cause, the Company shall have the right, but not the obligation, pursuant to the procedures described in Section 1.6 below, to purchase all or any portion of Recipient’s Covered Units that are Vested Restricted Units and/or Investor Units at such Units’ Fair Market Value as of the last day of the calendar quarter immediately preceding the date of such termination of service.
Appears in 3 contracts
Samples: Restricted Units Agreement (BRC Inc.), Restricted Units Agreement (BRC Inc.), Restricted Units Agreement (BRC Inc.)
Vested Restricted Units and Investor Units. (i)In the event of termination of Recipient’s employment with BRCC for any reason other reasonother than by BRCC for Cause, the Company shall have the right, but not the obligation, pursuant to the procedures described in Section 1.6 below, to purchase all or any portion of Recipient’s Covered Units that are Vested Restricted Units and/or Investor Units at such Units’ Fair Market Value as of the last day of the calendar quarter immediately preceding the date of such termination of service.
Appears in 1 contract
Vested Restricted Units and Investor Units. (i)In the event of termination of Recipient’s 's employment with BRCC for any reason other than by BRCC for Cause, the Company shall have the right, but not the obligation, pursuant to the procedures described in Section 1.6 below, to purchase all or any portion of Recipient’s 's Covered Units that are Vested Restricted Units and/or Investor Units at such Units’ ' Fair Market Value as of the last day of the calendar quarter immediately preceding the date of such termination of service.
Appears in 1 contract
Samples: Restricted Units Agreement (Silverbox Engaged Merger Corp I)
Vested Restricted Units and Investor Units. (i)In the event of termination of Recipient’s employment with BRCC for any reason other than by BRCC for Cause, the Company shall have the right, but not the obligation, pursuant to the procedures described in Section 1.6 below, to purchase all or any portion of Recipient’s Covered Units that are Vested Restricted Units and/or Investor Units at such Units’ Fair Market Value as of the last day of the calendar quarter immediately preceding the date of such termination of service..
Appears in 1 contract
Samples: Employment Agreement (Silverbox Engaged Merger Corp I)
