Common Incentive Unit definition

Common Incentive Unit means a Common Unit; provided, however, that, except where the context indicates otherwise, references herein to a “Common Incentive Unit” held by a Participant shall be deemed to refer to both the Common Incentive Unit issued by the Company and any corresponding Management Incentive Unit issued by the Management Vehicle to the Participant.
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Examples of Common Incentive Unit in a sentence

  • Each Class C Common Incentive Unit that is intended to constitute a Profits Interest shall have an initial Capital Account at the time of its issuance equal to zero dollars ($0.00).

  • Each holder of Class C Common Incentive Units agrees to take into account such distributive share in computing its U.S. federal income tax liability for the entire period during which it holds any Class C Common Incentive Unit (or portion thereof).

  • Each Class C Common Incentive Unit shall be subject to a return threshold (the “Class C Common Incentive Unit Return Threshold”), which shall be, for each Class C Common Incentive Unit that is intended to constitute a Profits Interest for U.S. federal income tax purposes, an amount not less than the amount determined by the Manager to be necessary to cause such Management Incentive Unit to constitute a Profits Interest, as set forth on the Schedule of Members.

  • Each Subsidiary Mirror Unit is intended to have the same economic terms and entitlements as a corresponding Unit issued by the Company, and in the case of a Class C Common Incentive Unit, each corresponding Subsidiary Mirror Unit (a “Subsidiary Mirror Incentive Unit”) shall be subject to the same terms, conditions and limitations (including applicable participation thresholds) as the applicable Unit issued by the Company.

  • I, the undersigned spouse of the securityholder named below (the “Securityholder”), hereby acknowledge that I have read the foregoing Class C Common Incentive Unit Grant Agreement and the Sixth Amended and Restated Limited Liability Company Agreement of ▇▇▇▇ Specialty Group, LLC (collectively, the “Agreements”) and that I fully understand their contents.

  • Each of the Units issued by the Company to Holdings is intended to have the same economic terms and entitlements as a corresponding Parent Mirror Unit, and in the case of a Class C Common Incentive Unit issued by the Company, each such Class C Common Incentive Unit shall be subject to the same terms, conditions and limitations (including applicable participation thresholds) as the applicable corresponding Parent Mirror Unit.

  • Such Units that are issued to LLC Employees are being issued pursuant to and subject to the terms and conditions of (i) a Common Unit Grant Agreement and/or (ii) a Class C Common Incentive Unit Grant Agreement in each case, pursuant to the Corporate Incentive Award Plan.

  • Each Class C Common Incentive Unit shall be subject to a return threshold (the “Class C Common Incentive Unit Return Threshold”), which shall be, for each Class C Common Incentive Unit that is intended to constitute a Profits Interest for U.S. federal income tax purposes, an amount not less than the amount determined by the Manager to be necessary to cause such Management Incentive Unit to constitute a Profits Interest, as set forth on the Member Schedule.

  • As full compensation for the services, Company will pay Consultant $25,000 per year paid quarterly in advance and provide the Common Incentive Unit grant described below.

  • The Proposed Grant will be subject to the terms and conditions of a Common Incentive Unit Grant Agreement to be entered into by you and RaNA Therapeutics, LLC.