Examples of Incentive Members in a sentence
Items of income, gain, loss and deduction attributable to amounts retained by the Company pursuant to this Section 5.03 shall be allocated among the Incentive Members holding Unvested Units in a manner, determined in the Board of Managers’ discretion, that equitably reflects each such Incentive Member’s share of the amounts to which such items relate.
Education Incentive Members of the Police Department who have earned degrees in the following areas of study: Criminal Justice, Business Administration, Juris Doctor (Law Degree), Psychology, Forensic Science, Sociology, or other fields of criminal justice study as determined by the Chief will receive the following compensation.
The LINN Incentive Members other than LINN will not have any right under the DLLCA or the Company Agreement to have access to any information relating to the Company other than tax information provided pursuant to Section 7.3(c) of the Company Agreement.
Long-Term Incentive Members of the Board of Management are eligible for grants under the Long-Term Incentive (LTI) Plan applicable from time to time as approved by the General Meeting of Shareholders.
The entire total of Management Incentive Units reflecting all grants made pursuant to the Plan shall be available to the Board of Managers but shall not be available to other Management Incentive Members.
Pursuant to the terms of the Company Agreement, the LINN Incentive Members, in their respective capacities as LINN Incentive Members, are not obligated to contribute any capital to the Company, except in respect of obligations to repay any Distribution Excess Amounts or as may be required pursuant to the DLLCA.
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.
After the Common Unitholders have in the aggregate received the Withheld Amount, all remaining distributions to the Unallocated MIU Percentage shall be made to the Management Incentive Members in proportion to their MIU Percentages.
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.
Subject to Section 4.1(a), any unvested LINN Incentive Units awarded to LINN Incentive Members hereunder will be forfeited for zero consideration (i) in the event that LINN fails to purchase or fund any Participating Interest Share (as defined in the Development Agreement) in accordance with the Development Agreement or (ii) if the MSA is terminated for any reason.