Issuance of Tier I and Tier II Options. (a) In the event of a dissolution and liquidation 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 33.3% the Company shall contemporaneously with such liquidation issue to each holder of Class B Units:
Appears in 4 contracts
Samples: Executive Purchase Agreement (Allegiance Telecom Inc), Executive Purchase Agreement (Allegiance Telecom Inc), Executive Purchase Agreement (Allegiance Telecom Inc)
