East MIP definition

East MIP means Virtu East MIP LLC, a Delaware limited liability company.
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Examples of East MIP in a sentence

  • East MIP Class B interests and Class B interests were each subject to time based vesting over four years and only fully vested upon the consummation of a qualifying capital transaction by the Company, including an IPO.

  • In connection with the Reorganization Transactions, East MIP was liquidated and a portion of the Class A-2 capital interests held by East MIP were contributed to Virtu Employee Holdco on behalf of holders of East MIP Class B Interests (or, in the case of certain employees located outside the United States, contributed to a trust whose trustee is one of the Company’s subsidiaries), which Class A-2 capital interests were subsequently reclassified into non-voting common interest units.

  • The fair value of the Class A-2 profit, Class B and East MIP Class B interest was estimated by the Company using an option pricing methodology based on expected volatility, risk-free rates and expected life.

  • In connection with such reclassification, all Existing Virtu Employee Holdco Interests, including those distributed to the holders of East MIP Interests in connection with the liquidation of East MIP, will be reclassified into non-voting common limited liability company interests of Virtu Employee Holdco (“Virtu Employee Holdco Common Units”) representing an indirect interest in a number of attributable Common Units.

  • By: Name: Title: VIRTU FINANCIAL LLC By: Name: Title: Exhibit A Existing Equity Interests Class of Equity Interests Date of Grant Vesting Term Total Equity Interests Vested Equity Interests Unvested Equity Interests Class A-2 Capital Interests of Virtu Financial LLC N/A N/A N/A [Class B Interests of Virtu Financial LLC] Class A Interests of Virtu East MIP LLC N/A N/A N/A Exhibit B Virtu Financial LLC Agreement See attached.

  • East MIP issued Class A interests to the members who contributed the Class A-2 capitalinterests, and Class B interests (“East MIP Class B interests”) to certain key employees.

  • East MIP issued Class A interests to the members who contributed the Class A-2 capital interests, and Class B interests (“East MIP Class B interests”) to certain key employees.

  • The amortization costs related to these capitalized compensation charges and previously capitalized compensation charges related to East MIP Class B interests and Class B interests were approximately $0.07 million, $0.7 million and $8.5 million for the years ended December 31, 2017, 2016 and 2015, respectively.

  • For the year ended December 31, 2015, we recognized compensation expenses of the approximately $44.2 million, which includes a one-time charge upon IPO with respect the outstanding time vested Class B and East MIP Class B interests, net of $9.2 million and $8.5 million in capitalization and amortization of capitalized costs attributable to employees incurred in development of software for internal use, respectively.

  • Represents non-cash compensation expenses in respect of the outstanding time vested Class B interests of Virtu Financial and East MIP Class B interests recognized at the consummation of our initial public offering and through the period ended June 30, 2015, net of $9.5 million and $8.0 million in capitalization and amortization, respectively, of the costs attributable to employees incurred in development of software for internal use, during the six months ended June 30, 2015.

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