Employee Members. Currently this translates into the following numbers: Country No. of members xxx.xxxxXxx-xxxxxx.xx 4 Finland 1 ** France 1 Italy 1 Germany 1 Spain 1 The Xxxxxxxxxxx 0 Xxxxxxx 0 Xxxxxx 1 United Kingdom 1 ** Represented by Sweden Should the current number of employees exceed the current formula for membership additional members may be added at the annual meeting. Membership will be reviewed annually at the face to face meeting. xxx.xxxx-xx.xx
Employee Members. Notwithstanding any provision to the contrary contained in this Agreement, but subject to the terms of any employment agreement or other independent agreement between a Member and the Company (the terms of which shall supersede this Section 9.04), in the event of any Termination of Employment of a Management Member, the Company shall purchase and redeem, and the Management Member shall sell and transfer, all of the Units standing in the name of the Management Member as of the end of the calendar month in which Termination of Employment occurs. The per-Unit purchase price for the Units shall be determined in accordance with the terms of the Management Member’s employment agreement August 10, 1999 Restated October 26, 2004 with the Company or, in the absence of any such price, at the Member’s adjusted Capital Account balance.
Employee Members. To the extent the Employee Members have not had the opportunity to obtain certain additional Class A Units (the "UNVESTED CLASS A UNITS") pursuant to the Management Incentive Plan because the date of such opportunity has not yet arisen as of the date of the Reconstitution, the Reconstituted Company shall enter into a plan with such Employee Members to replace such Unvested Class A Units with options to purchase Equity Securities in the Reconstituted Company, which will have exercise prices comparable to the price inherent in such employee Member's Exercise Price Equivalent.
Employee Members s/ XXXXX X. XXXXXXX ----------------------------- Xxxxx X. Xxxxxxx /s/ XXXXXXX XXXXX ----------------------------- Xxxxxxx Xxxxx /s/ XXXXXX XXXXX ----------------------------- Xxxxxx Xxxxx GROVE INVESTORS LLC
Employee Members. The Persons from time to time admitted as Employee Members in accordance with this Agreement, and their respective permitted successors and assigns, for so long as each such Person is an Employee Member. The names of the Employee Members on the date hereof are set forth on Exhibit A. Each Employee Member shall be further designated with a series number, such as "Series 1 Employee Member," which series number shall correspond to the numerical designation of the series of Employee Interests owned by such Employee Member, with respect to such Employee Interests. The term "Employee Members" shall refer to all Employee Members, without regard to such series designations.
Employee Members. Series 1 Employee Members Net Asset Value at Issue Series 1 Employee Interests Employee Percentage Participating Percentage Employee Liquidation Preference Mxxxx Xxxxxx $5,000,000 500 5.000 % 5.000 % $250,000 Pxxx Xxxxxx $5,000,000 200 2.000 % 2.000 % $100,000 Mxxxx Xxxxxxxx $5,000,000 200 2.000 % 2.000 % $100,000 Sxxxx Xxxxxxx $5,000,000 100 1.000 % 1.000 % $50,000 Sxxxx Xxxxxxx $5,000,000 100 1.000 % 1.000 % $50,000 Mxxxxxx Xxxxx $5,000,000 100 1.000 % 1.000 % $50,000 Mxxx Xxxxxxx $5,000,000 50 0.500 % 0.500 % $25,000 Lxx Xxxxxxx $5,000,000 100 1.000 % 1.000 % $50,000 Dxxxxxx Xxxxxx $5,000,000 50 0.500 % 0.500 % $25,000 Dxxxx Xxxx $5,000,000 50 0.500 % 0.500 % $25,000
Employee Members
