Examples of Incentive Interests in a sentence
Atlas America hereby grants, contributes, conveys, bargains, assigns, transfers, sets over and delivers to Atlas Management, its successors and assigns, for its and their own use forever, all right, title and interest of Atlas America in and to (i) 748,456 Class A Units and (ii) the Management Incentive Interests.
Executive will be entitled to acquire Capital Interests and Management Incentive Interests in the Company as provided in the Company Agreement, the Incentive Pool Plan (the “Plan”) and any applicable Award Letters (as defined in the Plan).
The Company may only issue LINN Incentive Interests as provided in this Agreement with the prior written consent of LINN.
There shall initially be two classes of Interests – Capital Interests and LINN Incentive Interests.
Subject to any matter in this Agreement expressly requiring approval of LINN in its capacity as a Member, in no event will the LINN Incentive Interests or the LINN Incentive Members (in their capacity as such) have any right to vote under this Agreement or with respect to any matters on which members of a limited liability company may have a vote under the DLLCA.
LINN Incentive Interests have only the rights, privileges, preferences, and obligations specifically provided for in this Agreement and in the LINN Incentive Pool Plan.
Company shall issue to Manager or its designee a new class of Company Security to be designated as Senior Management Incentive Interests.
Without limiting the foregoing, the holders of LINN Incentive Interests shall have no voting rights and will not be entitled to any information relating to the Company other than as provided in the LINN Incentive Pool Plan.
The LINN Incentive Interests will be issued by the Company and held by the LINN Incentive Members subject to the holdback, vesting, allocation, forfeiture and other terms and conditions of this Agreement and the LINN Incentive Pool Plan.
This Plan of the Company is intended to provide an incentive to the LINN Incentive Members by providing them with an award of units representing LINN Incentive Interests in the Company (each, a “LINN Incentive Unit” and collectively, the “LINN Incentive Units”), the rights, preferences, limitations, obligations, and liabilities of which are governed by the Company Agreement and this Plan.