Cash in Lieu of Property. Notwithstanding any other provision of this Agreement, in lieu of delivering Class A Units or other securities or property credited to the Employee’s Deferred Unit Account in respect of all or a portion of the Deferred Units, the Company may deliver to the Employee an amount of cash equal to the Liquidation Value of such Class A Units or the Fair Market Value of such other securities or property.
Appears in 3 contracts
Samples: Deferred Unit Issuance Agreement (Nuveen Investments Holdings, Inc.), Special Deferred Unit Issuance Agreement (Nuveen Investments Holdings, Inc.), Deferred Unit Issuance Agreement (Nuveen Investments Holdings, Inc.)
Cash in Lieu of Property. Notwithstanding any other provision of this Agreement, in lieu of delivering Class A Units or other securities or property credited to the EmployeeExecutive’s Deferred Unit Account in respect of all or a portion of the Deferred Units, the Company may deliver to the Employee Executive an amount of cash equal to the Liquidation Value of such Class A Units or the Fair Market Value of such other securities or property.
Appears in 1 contract
Samples: Deferred Incentive Unit Issuance Agreement (Nuveen Investments Holdings, Inc.)