Forfeiture Allocations. If any unvested Class C Unit is forfeited, the LLC shall make forfeiture allocations with respect to such Unit in accordance with Proposed Regulation §1.704-1(b)(4)(xii) or such other official guidance as shall be applicable.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Learn SPAC HoldCo, Inc.), Limited Liability Company Agreement (Learn SPAC HoldCo, Inc.)
Forfeiture Allocations. If any unvested Class C Unit is forfeited, the LLC Company shall make forfeiture allocations with respect to such Unit in accordance with Proposed Regulation §1.704-1(b)(4)(xii) or such other official guidance as shall be applicable.
Appears in 1 contract
Samples: Series 2 Unit Purchase Agreement (Learn SPAC HoldCo, Inc.)
Forfeiture Allocations. If any unvested Class C Unit is forfeited, the LLC Company shall make forfeiture allocations with respect to such Unit in accordance with Proposed Regulation §1.7041. 704-1(b)(4)(xiil(b)( 4)(xii) or such other official guidance as shall be applicable.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Learn SPAC HoldCo, Inc.)
Forfeiture Allocations. If any unvested Class C Unit is forfeited, the LLC Company shall make forfeiture allocations with respect to such Unit in accordance with Proposed Regulation §1.704-1.704- 1(b)(4)(xii) or such other official guidance as shall be applicable.. 26
Appears in 1 contract
Samples: Class B Preferred Unit Purchase Agreement (Learn SPAC HoldCo, Inc.)
