Common use of Issuance of Management Units Clause in Contracts

Issuance of Management Units. (a) Upon Grantee’s execution of this Agreement and the Company LLC Agreement and delivery thereof to the Company, and subject to the other terms and conditions of this Agreement and the Company LLC Agreement, the Company hereby grants to Grantee an award of 2,060 unvested Management Units, in respect of 2,060 Profits Units, which have a Distribution Threshold of $1,000 per Management Unit and are contemporaneously being issued by Zuffa Parent to the Company pursuant to Article III of the Zuffa Parent LLC Agreement, in each case subject to adjustment as set forth in this Agreement and/or the Company LLC Agreement, which adjustments may be made effective as of the Date of Grant. 100% of the Management Units shall be subject to time-based vesting in accordance with Paragraph 3 of this Agreement.

Issuance of Management Units. (a) Upon Grantee’s execution of this Agreement and the Company LLC Agreement and delivery thereof to the Company, and subject to the other terms and conditions of this Agreement and the Company LLC Agreement, the Company hereby grants to Grantee an award of 2,060 9,268 unvested Management Units, in respect of 2,060 9,268 Profits Units, which have a Distribution Threshold of $$ 1,000 per Management Unit and are contemporaneously being issued by Zuffa Parent to the Company pursuant to Article III of the Zuffa Parent LLC Agreement, in each case subject to adjustment as set forth in this Agreement and/or the Company LLC Agreement, which adjustments may be made effective as of the Date of Grant. 100% of the Management Units shall be subject to time-based vesting in accordance with Paragraph 3 of this Agreement.