Examples of Management Equity Agreement in a sentence
The Company may include in any such Management Equity Agreement or plan restrictive covenants (including non-competition, nonsolicitation, no-hire, non-disparagement and confidentiality covenants).
Nothing in this Section 5.8 affects, limits or modifies any officer’s or employee’s liabilities or obligations (including duties) under any Management Equity Agreement, employment agreement, consulting agreement, confidentiality agreement, non-compete agreement, non-solicit agreement or similar agreement with the Company Group.
If any restrictions on Transfer or change in beneficial ownership of Units in this Agreement, any Management Equity Agreement or any other agreement between the Company and a Unitholder are breached, then the Company may withhold distributions in respect of the affected Units and/or other Equity Securities until such breach is cured.
If a Unitholder Transfers Units in a Transfer permitted by this Agreement or a Management Equity Agreement (if applicable), then, subject to Article X, the Transferee will become a Substitute Unitholder on the effective date of such Transfer or, if specified by the Board, such later date as of which the Board approves such Transferee’s admission as a Substitute Unitholder.
Any Class C Units issued pursuant to a Management Equity Agreement that are forfeited, cancelled or repurchased in accordance with such Management Equity Agreement will be deemed not outstanding for purposes of this Agreement after such forfeiture or cancellation.