Issuance of Tier I and Tier II Options. (a) In the event of a dissolution of the LLC upon the consummation of a Public Offering (a "Public Offering Liquidation"), if the Management Percentage for such Public Offering Liquidation is less than 33.33% the Corporation shall contemporaneously with such liquidation issue to each holder of Class B Units:
Appears in 6 contracts
Samples: Executive Purchase Agreement (Choice One Communications Inc), Executive Purchase Agreement (Choice One Communications Inc), Executive Purchase Agreement (Choice One Communications Inc)
