Management Allocation definition

Management Allocation means the allocation of [•<10.00]% of the aggregate Distributions to be made pursuant to Section 6.4(c) to employees, officers, or directors of Group in connection with a Company Sale made in accordance with this Agreement.

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Management Allocation has the meaning ascribed to it in Section 1.7(b). “Material Adverse Change (or Effect)” means a change (or effect), in the condition (financial or otherwise), properties, assets, liabilities, rights, obligations, operations, business or prospects which change (or effect) individually or in the aggregate, is materially adverse to such condition, properties, assets, liabilities, rights, obligations, operations, business or prospects. “Patent-Specific Revenue, Gains or Judgments” means any amount due to or received by the Company, the Buyer or any of their Affiliates that pertains specifically to any claims of patent use or infringement by any unaffiliated party or entity of the Company Technology. “Patent Strategy” has the meaning ascribed to it in Section 1.6.

Management Allocation means the portion of the Trust Fund allocated to the Managing Entity to offset costs associated with supervising an Activity.

Examples of Management Allocation in a sentence

• Project Management costs will be determined based on the 1-month period following the time point at which the study was terminated using the Project Management Allocation spreadsheet (Exhibit D).

• Notwithstanding Section 1.3 hereof, until such time as the Management Stockholders receive sufficient proceeds from one or more Take-down Transactions to satisfy the Management Allocation, the LLC agrees that it will use reasonable efforts to allocate shares of Common Stock sold in any Take-down Transaction to the Management Stockholders (with priority over the LLC’s shares of Common Stock) with a view to ensuring that the Management Allocation is satisfied.

• The remainder of the Deferred Payment (including the Management Allocation in the event no Sellers qualify to receive the Management Allocation) will be distributed to all the Sellers, with each Seller receiving a portion equal to their pro rata ownership in the Company at Closing as set forth on Schedule A hereto.

• Regarding such Management Allocation, up to two million shares of voting common stock may be awarded as compensation for work to be accomplished under appropriate vesting standards for performance in accordance with New Slide View Board approval.

• The Parties acknowledge that the Company and the LLC cannot assure the Management Stockholders that there will be any Take-down Transaction or that, if one or more Take-down Transactions are consummated, sufficient shares of Common Stock can be allocated to and sold by the Management Shareholders in order for the Management Shareholders to receive the Management Allocation.

• Such Management Allocation may be issued directly or through options to the management, employees, consultants, and/or Board of New Slide View in New Slide View's management's discretion in order to compensate for performance.

• The allocation of the Management Allocation among the qualifying Sellers, if any, will be made by the then-constituted Company Board.

• It is anticipated that the initial management team of New Slide View shall be: ▇▇▇▇▇▇▇ ▇.▇▇▇▇▇, CEO ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, Operations Manager ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, President and Director of Marketing and Sales New Slide View may consider an outside marketing consultant and compensate that consultant at market rates including the payment of cash and stock from the Management Allocation.

More Definitions of Management Allocation

Management Allocation is defined in clause 11.3;

Management Allocation means a priority allocation of Net Profits in an amount equal to the Management Fee that the Adviser would otherwise be entitled to in accordance with Section 3 of the Investment Advisory Agreement (as further described in Section 4.5(k)).