Management Interests definition

Management Interests shall have the meaning set forth in Section 3.1(a).

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Management Interests means equity interests in the Buyer Parties to be issued to each member of the Senior Management team pursuant to the New Management Incentive Plan.

Management Interests is defined in the recitals of this Agreement.

Examples of Management Interests in a sentence

• Prior to the Lapse Date, to the extent any class of Interests is required or eligible to vote with respect to any matter (including Class A Interests or any other class), each Management Limited Partner shall vote all of its eligible Management Interests in any manner directed by the General Partner.

• Upon a termination of a Management Limited Partner’s Services to the Partnership and its Subsidiaries for any reason (including death or Disability), the purchase price for the Management Interests which are Unvested Interests, to the extent the forfeiture provisions set forth in Section 12.1(b) do not apply or are not enforceable, will be $1 in the aggregate (or the lowest price permitted by applicable Law).

• As of the date of this Agreement, GeoSouthern, an Affiliate of Seller, holds of record and owns beneficially the Management Interests.

• Upon receipt of the Other Partners’ notices, the Partnership will notify such Management Limited Partners of the Other Partners’ elections and such Management Limited Partner will be obligated to sell to the Other Partners the number of such Management Interests determined in accordance with this Section 12.2(b).

• The Partnership shall within 15 days of learning of any such fact so notify the Members in writing that it is not obligated to purchase such Management Interests, whereupon Sections 12.3(b) and 12.3(c) shall apply to such Management Interests as if the Management Limited Partner (or its estate or heirs) had never delivered a notice electing to require the Partnership to purchase such Management Interests.

More Definitions of Management Interests

Management Interests means all (i) Class A Interests held by Managers and (ii) Class B Interests.

Management Interests. Means the right to participate directly in the equity of Management Entity.

Management Interests means those membership interests that are subordinated to the Units, that are distributed the Managing Member and other individuals or entities as the Managing Member sees fit. The total number of Management Units shall at all times equal 20% of the total number of outstanding Units.

Management Interests means (a) the number of Equity Interests equal to ten percent (10%) of the Equity Interests in PrinceRidge GP held by each of ▇▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ and (b) the number of Equity Interests equal to ten percent (10%) of the Equity Interests in PrinceRidge held by ▇▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, in each case, as of the date hereof.

Management Interests means the LLC Interests owned by the Management Investors. "MANAGEMENT INVESTOR" means any of Engquist, Dunne, SNCC, ▇▇▇▇▇▇ Investments, Sharp, ▇▇▇▇▇▇▇ Trust, or any of their respective Permitted Transferees.

Management Interests is defined in the recitals of this Agreement. “Management LLC” is defined in the recitals of this Agreement.

Management Interests means the Interests of the Company which are issued to the Management Member in exchange for such Member’s Capital Contributions, if any, to the Company made on account of such Interests, having the attributes, rights and limitations of Management Interests as defined in this Agreement and subject to all terms and conditions of this Agreement.