Common use of Calculation of MOIC Clause in Contracts

Calculation of MOIC. The Advent Group’s MOIC shall be determined in accordance with the terms of the Incentive Unit Grant Agreement, including Section 2.3(b)(vi). For the avoidance of doubt, the determination of the Advent Group’s MOIC for the purpose of determining vesting of Restricted Stock shall in all events be consistent with the determination of the Advent Group’s MOIC for the purpose of determining the vesting of Incentive Units under the Incentive Unit Grant Agreement. ​

Appears in 6 contracts

Samples: Restricted Stock Agreement (Sovos Brands, Inc.), Restricted Stock Agreement (Sovos Brands, Inc.), Restricted Stock Agreement (Sovos Brands, Inc.)

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Calculation of MOIC. The Advent Group’s MOIC shall be determined in accordance with the terms of the Incentive Unit Grant Agreement, including Section 2.3(b)(vi2.3(b)(vii). For the avoidance of doubt, the determination of the Advent Group’s MOIC for the purpose of determining vesting of Restricted Stock shall in all events be consistent with the determination of the Advent Group’s MOIC for the purpose of determining the vesting of Incentive Units under the Incentive Unit Grant Agreement. ​

Appears in 1 contract

Samples: Restricted Stock Agreement (Sovos Brands, Inc.)

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Calculation of MOIC. The Advent Group’s MOIC shall be determined in accordance with the terms of the Incentive Unit Grant Agreement, including [Section 2.3(b)(vi). 2.3(b)(vi)].1 For the avoidance of doubt, the determination of the Advent Group’s MOIC for the purpose of determining vesting of Restricted Stock shall in all events be consistent with the determination of the Advent Group’s MOIC for the purpose of determining the vesting of Incentive Units under the Incentive Unit Grant Agreement. ​.

Appears in 1 contract

Samples: Restricted Stock Agreement (Sovos Brands, Inc.)

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