Management Equity. Xxxx Xxx owns 100% of the Drone Shop, Inc.
Management Equity. Titan Brick, Inc. will retain a 100% interest in the business.
Management Equity. 3.1 The Management SPV will take the form of a Jersey incorporated company, which is owned by a limited partnership incorporated in Jersey (“Management LP”). The Management SPV will hold the Management Equity to the order of and at the direction of the general partner of the Management LP (“General Partner”). The General Partner will also be a Jersey incorporated company. The Managers designated in accordance with paragraph 3.2 below shall constitute the management committee of the Management LP (“Management Committee”). Certain members of the Management Committee (“Managing Directors”) (in the first instance being the Chief Executive Officer (“CEO”), Chief Financial Officer (“CFO”), General Counsel and two senior traders) will be designated by the CEO the directors of the General Partner and the Management SPV and will own the shares in the General Partner.
Management Equity. In the event that a Management Holder ceases to be employed by the EIK Manager other than for Cause, and such Management Holder in good faith disagrees with the Board’s determination of Fair Market Value of the Common Units held by such Management Holder being repurchased pursuant to the Repurchase Option, such Management Holder (the “Disagreeing Holder”) shall deliver written notice to the Board of such disagreement within 30 days after written notice of such determination. In the event such Disagreeing Holder does not deliver a disagreement notice within such 30-day period, such determination shall be final and binding on such Disagreeing Holder. In the event such Disagreeing Holder delivers a disagreement notice within such 30-day period, the Board and the Disagreeing Holder will negotiate in good faith to agree on such Fair Market Value during the 20-day period following the Board’s receipt of the disagreement notice, and any such agreement shall be final and binding on the Disagreeing Holder. If such agreement is not reached within 20 days after the Board’s receipt of the disagreement notice, Fair Market Value shall be determined by an independent and unaffiliated appraiser with experience in analyzing and making determinations concerning matters in the Business and in valuing entities like the Company jointly selected by the Board and the Disagreeing Holder (and, if the Board and the Disagreeing Holder cannot agree within five business days, each shall select an appraiser, who then shall jointly select a third appraiser similarly qualified to serve as the appraiser), which appraiser shall be instructed to submit to the Board and the Disagreeing Holder a written report within 30 days of its engagement setting forth such determination, and such determination shall be final and binding upon all parties. The costs and expenses of such appraisal shall be borne by the Company; provided, that if the appraiser finally determines that the Fair Market Value is at least 90% of the Fair Market Value determined by the Board, such Disagreeing Holder shall bear all reasonable costs and expenses incurred in connection with such appraisal.
Management Equity. In connection with the execution of the Original Agreement and the Merger Agreement, Executive entered into the Existing Management Equity Agreements and, as of the date hereof, Executive owns the equity securities listed on Exhibit A.
Management Equity. (a) Executive will be given the opportunity to acquire 1.5% of the Company's fully-diluted common equity (calculated based on the shares outstanding at the time of the closing under the Merger Agreement and giving effect to the dilution resulting from the full 7.5% pool expected to be granted) in the form of Class A Common Stock of the Company from a pool of 7.5% of the Company's fully-diluted common equity that is expected to be available to the management team pursuant to a plan approved by the Board, which equity will vest over time so long as the Executive remains employed by the Company.
Management Equity. Xxxx Xxx owns 100% of the Computer Repair Service, Inc.
Management Equity. Xx. Xxxxxxxxx will retain a 73% interest in the business. Xx. Xxxxxx Xxxxx, the Company’s other owner, will retain a 27% ownership.
Management Equity. This will be discussed during negotiations.
Management Equity. After the requisite capital is raised, the Company will retain controlling interest in the operation of the Company and its business.
