Common use of Cash Distribution Rights Clause in Contracts

Cash Distribution Rights. The Employee shall be entitled to receive all cash distributions paid with respect to each Class A Unit credited to his or her Deferred Unit Account, provided that any such distribution credited to the Employee’s Deferred Unit Account by the Company on behalf of the Employee shall be paid (by the Company or by Windy Holdings) only at the time the underlying Deferred Unit is settled pursuant to Section 5 and only if such Deferred Unit is a Vested Deferred Unit on the Settlement Date (as defined below). Any such cash distributions shall be notionally invested in accounts or other programs to be offered by the Board at its reasonable discretion. For the sake of clarity, the Employee shall forfeit any distributions related to Unvested Deferred Units upon any forfeiture of such Unvested Deferred Unit.

Cash Distribution Rights. The Employee Executive shall be entitled to receive all cash distributions paid with respect to each the Class A Unit Units credited to his or her Deferred Unit Account, provided that any such distribution credited to the EmployeeExecutive’s Deferred Unit Account by the Company on behalf of the Employee Executive shall be paid (by the Company or by Windy Holdings) only at the time the underlying Deferred Unit is settled pursuant to Section 5 and only if such Deferred Unit is a Vested Deferred Unit on the Settlement Date (as defined below). Any such cash distributions shall be notionally invested in accounts or other programs to be offered by the Board at its reasonable discretion. For the sake of clarity, the Employee Executive shall forfeit any distributions related to Unvested Deferred Units upon any forfeiture of such Unvested Deferred Unit.