Incentive Units. (a) The Partnership hereby grants to the Manager incentive units (the “Incentive Units”) that will give rise to the receipt by the Manager, under the terms described below, of Class B Common Units of the Partnership, as defined in the Partnership's Limited Partnership Agreement (“Class B Common Units”), subject to the following terms and conditions as set forth in this SECTION 10 (references in this SECTION 10 to the "Manager" shall include any Affiliate or Persons designated by the Manager to be a recipient of Incentive Units):
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Samples: Management Agreement (Steel Partners Holdings L.P.), Management Agreement (Steel Partners Holdings L.P.), Management Agreement (Steel Partners Holdings L.P.)
Incentive Units. (a) The Partnership hereby grants to the Manager incentive units partnership interests (the “Incentive Units”) that will give rise to may result in the receipt by classification of a portion of the Manager, under the terms described below, of Incentive Units as Class B C Common Units of the Partnership, as defined in Partnership based on the future appreciation of the Partnership's Limited Partnership Agreement ’s equity value (the “Class B C Common Units”), subject to ) in accordance with the following terms and conditions as set forth in this SECTION 10 9 (references in this SECTION 10 9 to the "“Manager" ” shall include any Affiliate or Persons designated by the Manager to be a recipient of Incentive Units):
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Samples: Management Agreement (Steel Partners Holdings L.P.)
