Examples of Class B Floor in a sentence
No distributions shall be made in respect of a Vested Class B Common Share pursuant to Section 3.01(b)(ii), Section 3.01(b)(iii) or Section 3.02(a)(iii), until such time that an aggregate amount of Distributions (since the date of grant of such Class B Common Share) pursuant to Section 3.01(b) or 3.02(a), as applicable, equal to the Class B Floor Amount shall have been Distributed on each Class C Common Share.
Subject to the terms and conditions of the Dyncorp Management LLC Amended and Restated Class B Interests Plan and award agreement dated October 13, 2017, the Executive is being awarded 22,500 Class B Interests as of the Effective Date in Dyncorp Management LLC having a "Class B Floor" (as defined in the Amended and Restated Limited Liability Company Agreement of Dyncorp Management LLC) of Thirty-Three Million Dollars ($33,000,000) (the "Equity Award").
Subject to the terms and conditions of the Dyncorp Management LLC Amended and Restated Class B Interests Plan and award agreement, attached hereto as Exhibit A (the "Equity Award Agreement"), Executive will be awarded 25,000 Class B Interests as of the Effective Date in Dyncorp Management LLC having a "Class B Floor" (as defined in the Amended and Restated Limited Liability Company Agreement of Dyncorp Management LLC) of Thirty-Three Million Dollars ($33,000,000) (the "Equity Award").