Common use of GRANT OF SHADOW OPTIONS Clause in Contracts

GRANT OF SHADOW OPTIONS. 2.1 Should a Liquidity Event occur, the Manager is entitled to subscribe a certain number of Shares or receive the Bonus according to the following terms and to the extent the Manager is an Eligible Employee at the occurrence of the Liquidity Event:

GRANT OF SHADOW OPTIONS. 2.1 Should a Liquidity Event occur, the Manager is entitled to subscribe for a certain number of Shares or receive the Bonus according to the following terms and to the extent the Manager is an Eligible Employee at the occurrence of the Liquidity Event: