Unit Option Agreement Sample Contracts

RECITALS
Unit Option Agreement • August 14th, 2002 • Crescent Real Estate Equities Co • Real estate investment trusts • Delaware
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VIPER ENERGY PARTNERS LP LONG TERM INCENTIVE PLAN UNIT OPTION AGREEMENT
Unit Option Agreement • June 23rd, 2014 • Viper Energy Partners LP • Crude petroleum & natural gas • Delaware

THIS UNIT OPTION AGREEMENT (this “Agreement”) is made and entered into by and between Viper Energy Partners GP LLC, a Delaware limited liability company (the “General Partner”), and you, effective as of June 23, 2014 (the “Date of Grant”).

UNIT OPTION AGREEMENT (Ratable Exercisability in Thirds)
Unit Option Agreement • December 11th, 2014 • Metlife Inc • Life insurance • New York

[Global Affiliate] (the “Global Affiliate”) confirms that, on [grant date] (the “Grant Date”), you [name] were granted [number] Unit Options (your “Unit Options”). Your Unit Options are subject to the terms and conditions of this Unit Option Agreement (this “Agreement”) and the MetLife, Inc. 2015 Stock and Incentive Compensation Plan (the “Plan”) as a form of Stock Appreciation Rights. Any payment due under this Agreement may be made by any one or more Affiliates (the “Paying Affiliate”).

UNIT OPTION AGREEMENT
Unit Option Agreement • March 1st, 2017 • Metlife Inc • Life insurance • Delaware

[Company] (the "Global Affiliate") confirms that, on , 20 , (the "Grant Date") you were granted , Unit Options, and approves or ratifies such grant. Each Unit Option entitles you to receive a cash payment equal to the Fair Market Value of one share of Common Stock on the Surrender Date less $ . (the "Grant Value"), if the difference is greater than zero. Your Unit Options are subject to the terms and conditions of this Agreement and of the MetLife International Unit Option Incentive Plan (the "Plan"). Any payment due under this Agreement may be made on behalf of the Global Affiliate by any one or more Affiliates (each such Affiliate(s) making any such payment will be known as a "Paying Affiliate"). Unless otherwise specified, the word "Section" refers to a Section in this Agreement. Any other capitalized word used in this Agreement but not defined here is defined in the Plan.

CELCUITY LLC
Unit Option Agreement • August 23rd, 2017 • Celcuity LLC • Services-medical laboratories • Minnesota

THIS UNIT OPTION AGREEMENT (“Option Agreement”) is entered into as of the “Grant Date” set forth below, by and between Celcuity LLC, a Minnesota limited liability company (the “Company”) and the person named below (the “Optionee”). The Option granted hereby is granted under the Celcuity LLC 2012 Equity Incentive Plan (the “Plan”). Unless otherwise defined herein, terms used in this Option Agreement that are defined in the Plan will have the meanings given to them in the Plan.

UNIT OPTION AGREEMENT OF MOMENTIVE PERFORMANCE MATERIALS HOLDINGS LLC
Unit Option Agreement • March 18th, 2011 • Juniper Bond Holdings IV LLC • Industrial organic chemicals • Delaware

THIS AGREEMENT (the “Agreement”), dated as of February 23, 2011 between MOMENTIVE PERFORMANCE MATERIALS HOLDINGS LLC, a Delaware limited liability company (the “Company”), and the Optionee set forth on the signature page to this Agreement (the “Optionee”).

UNIT OPTION AGREEMENT (Ratable Exercisability in Thirds)
Unit Option Agreement • February 25th, 2016 • Metlife Inc • Life insurance

[Global Affiliate] (the “Global Affiliate”) confirms that, on [grant date] (the “Grant Date”), you [name] were granted [number] Unit Options (your “Unit Options”). Your Unit Options are subject to the terms and conditions of the MetLife, Inc. 2015 Stock and Incentive Compensation Plan (the “Plan”) and this Unit Option Agreement (this “Agreement”), which includes the Award Agreement Supplement (the “Supplement”), as a form of Stock Appreciation Rights. Please note that the Supplement includes terms for forfeiture of your Unit Options under some circumstances. Any payment due under this Agreement may be made by any one or more Affiliates (the “Paying Affiliate”).

INERGY LONG TERM INCENTIVE PLAN UNIT OPTION AGREEMENT
Unit Option Agreement • November 29th, 2010 • Inergy L P • Retail-nonstore retailers • Delaware

THIS UNIT OPTION AGREEMENT (this “Option Agreement”) is entered on «GrantDate», by and between Inergy GP, LLC, a Delaware limited liability company (“Inergy GP”), and «Name» (the “Option Holder”).

FIRST AMENDMENT TO UNIT OPTION AGREEMENT
Unit Option Agreement • March 17th, 2014 • Odyssey Marine Exploration Inc • Water transportation

THIS FIRST AMENDMENT TO UNIT OPTION AGREEMENT (this “Amendment”) is made and entered into effective as of December 30, 2013, by and between ODYSSEY MARINE ENTERPRISES, LTD., a Bahamas domestic limited company (the “Seller”), and MAKO RESOURCES, LLC, a Delaware limited liability company (the “Holder”).

UNIT OPTION AGREEMENT OF MOMENTIVE PERFORMANCE MATERIALS HOLDINGS LLC
Unit Option Agreement • March 6th, 2013 • Momentive Specialty Chemicals Inc. • Plastic materials, synth resins & nonvulcan elastomers • Delaware

THIS AGREEMENT (the “Agreement”), dated as of between MOMENTIVE PERFORMANCE MATERIALS HOLDINGS LLC, a Delaware limited liability company (the “Company”), and the Optionee set forth on the signature page to this Agreement (the “Optionee”).

UNIT OPTION AGREEMENT (Three-Year “Cliff” Exercisability)
Unit Option Agreement • February 15th, 2013 • Metlife Inc • Life insurance • Delaware

[Global Affiliate] (the “Global Affiliate”) confirms that, on [grant date] (the “Grant Date”), it granted you, [name], [number] Unit Options, and approves or ratifies such grant. Your Unit Options are subject to the terms and conditions of this Agreement and of the MetLife International Unit Option Incentive Plan (the “Plan”). Any payment due under this Agreement may be made by any one or more Affiliates (each such Affiliate(s) making any such payment will be known as a “Paying Affiliate”).

INERGY HOLDINGS, L.P. LONG TERM INCENTIVE PLAN UNIT OPTION AGREEMENT
Unit Option Agreement • February 10th, 2006 • Inergy Holdings, L.P. • Retail-retail stores, nec • Delaware

THIS UNIT OPTION AGREEMENT (this “Option Agreement”) is entered on , 200[ ], by and between Inergy Holdings GP, LLC, a Delaware limited liability company (“Holdings GP”), and (the “Option Holder”).

UNIT OPTION AGREEMENT
Unit Option Agreement • August 14th, 2001 • Eldorado Resorts LLC • Hotels & motels • Nevada

This Unit Option Agreement (the "Agreement") is effective as of the 29th day of June 2001 (the "Effective Date"), by and among Robert and Nana Sullivan, as Co-Trustees of the Robert and Nana Sullivan Family Trust (u/d/t December 30, 1997) (the "Optionor"), and Eldorado Resorts, LLC, a Nevada limited liability company ("Optionee"). Capitalized terms not otherwise defined in this Agreement shall have the meaning given them by the Operating Agreement (the "Operating Agreement") of Tamarack Crossing, LLC (the "Company") as the same may be amended from time to time.

PHD GROUP HOLDINGS LLC CLASS A UNIT OPTION AGREEMENT (Time Vesting)
Unit Option Agreement • September 29th, 2021 • Portillo's Inc. • Retail-eating places • Delaware

This Option is granted by PHD Group Holdings LLC, a Delaware limited liability company (the “Company”), to [Name of Participant] (the “Participant”), pursuant to this Class A Unit option agreement (the “Agreement”) and the Company’s 2014 Equity Incentive Plan (the “Plan”). All capitalized terms not otherwise defined herein shall have the meaning provided in the Plan.

PHD GROUP HOLDINGS LLC CLASS A UNIT OPTION AGREEMENT (Time Vesting)
Unit Option Agreement • September 29th, 2021 • Portillo's Inc. • Retail-eating places • Delaware

This Option is granted by PHD Group Holdings LLC, a Delaware limited liability company (the “Company”), to [Name of Participant] (the “Participant”), pursuant to this Class A Unit option agreement (the “Agreement”) and the Company’s 2014 Equity Incentive Plan (the “Plan”). All capitalized terms not otherwise defined herein shall have the meaning provided in the Plan.

CLOUDBREAK HEALTH, LLC UNIT OPTION AGREEMENT
Unit Option Agreement • June 15th, 2021 • UpHealth, Inc. • Blank checks • Delaware

THIS UNIT OPTION AGREEMENT (the “Agreement”), dated as of ___________ __, 20__ (the “Grant Date”) is by and between Cloudbreak Health, LLC, a Delaware limited liability company (the “Company”), and _______________ (“Optionee”).

UNIT OPTION AGREEMENT
Unit Option Agreement • August 5th, 2005 • Crescent Real Estate Equities Co • Real estate investment trusts • Delaware

This Unit Option Agreement (this “Agreement”) is being made and entered as of May 16, 2005, by and between Crescent Real Estate Equities Limited Partnership, a Delaware limited partnership, and Paul R. Smith (“Optionee”).

CONSOLIDATED CONTAINER HOLDINGS LLC 2002 UNIT OPTION AGREEMENT
Unit Option Agreement • March 31st, 2003 • Consolidated Container Co LLC • Miscellaneous plastics products • Delaware

THIS AGREEMENT (the "Agreement"), effective as of the Award Date (defined in paragraph 1 below), is made and entered into by and between Consolidated Container Holdings LLC, a Delaware limited liability company (the "Company"), and the individual named in Exhibit A attached hereto (the "Participant").

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