Profits Units definition

Profits Units means the profits units issued by Laredo Petroleum, LLC.

Profits Units has the meaning set forth in Section 2(a) of this Agreement, which have the rights and obligations specified with respect to Profits Units in the Company Agreement.

Profits Units means any Profits Interests issued by the Company or such other Units issued by the Company and designated as “Profits Units.”

Examples of Profits Units in a sentence

• Notwithstanding anything to the contrary in any other agreement, including the Management LLC Agreement, in the event the Participant’s employment with the KRATON Group is terminated prior to a portion or all Profits Units becoming vested as provided above, all unvested Profits Units shall immediately and without any further action be forfeited on the date of termination.

• Each Company Profits Unit represents the right to a pro rata share of any distributions received by the Company in respect of the corresponding TJ Chemical Profits Units held by the Company in accordance with the Management LLC Agreement.

• Except as set forth above with respect to the Profits Units, this Agreement represents the entire agreement between the parties with respect to the subject matter of this Agreement and supersedes and cancels all other contracts, agreements, representations and understandings between the parties or their affiliates, whether written or oral, expressed or implied.

• The Participant understands that, as a condition to receiving the Profits Units granted hereunder, the Participant must execute and comply with the Management LLC Agreement.

• If the Participant becomes a Terminated Employee, the Company shall have the right to purchase any then-vested Profits Units held by the Participant in accordance with Article IX of the Management LLC Agreement.

More Definitions of Profits Units

Profits Units means either Service or Exit Units, as described in Section 3.2(b).

Profits Units means the limited liability interests in the Company designated as “Profits Units” and having the rights, preferences and privileges set forth in, and subject to, this Agreement and in the associated Profits Unit Award Agreement.

Profits Units. The Preferred Units shall initially be divided into two series of units referred to as “Series A-l Preferred Units” and “Series A-2 Preferred Units”. The Profits Units shall initially be divided into four series of units referred to as “Series B Units”, “Series C Units”, “Series D Units” and “Series E Units”. The Company is authorized to issue up to 60,000,000 units designated as “Series A-l Preferred Units”, 48,000,000 units designated as “Series A-2 Preferred Units”, 16,923,077 units designated as “Series B Units”, 8,791,209 units designated as “Series C Units”, 13,538,462 units designated as “Series D Units” and 7,032,967 units designated as “Series E Units”. The Series A-2 Preferred Units shall have a Designated Value of $1.25; provided, however, that such Units shall not constitute “profits interests” as described in Sections 3.2(d), (e), (f) and (g).

Profits Units means Series B Units, Series C Units, Series D Units and Series E Units.

Profits Units has the meaning set forth in the recitals.

Profits Units means the Series [ ] Profits Units created by this Designation.

Profits Units means (i) $0.85 Units, $5.00 Units, $10.00 Units, $15.00 Units, $27.50 Units, $40.00 Units, $65.00 Unxxx, $00.00 Xxxxx, (xx) any additional Units issued pursuant to Section 4.2(a)(iii) through (x) inclusive, and (iii) any Units issued pursuant to Section 10.8(c)(ii).