Common use of Management Interests Clause in Contracts

Management Interests. In accordance with the provisions of Section 6.11 of the Stock Purchase Agreement, by and among Company, Holdings, and the stockholders of NPC International, Inc. dated as of March 3, 2006 (the “Stock Purchase Agreement”), pursuant to his rollover contribution Employee received membership interests with value of $1,950,000 (the “Management Interests”). Such interests and the interests underlying the options are subject to the terms of the Amended and Restated Limited Liability Company Agreement of Company, as the same may be amended from time to time in accordance with its terms; provided, however, that no such amendment shall be made to the LLC Agreement that will have a disproportionate impact on the management interestholders.

Appears in 2 contracts

Samples: Employment Agreement (NPC International Inc), Employment Agreement (NPC International Inc)

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Management Interests. In accordance with the provisions of Section 6.11 of the Stock Purchase Agreement, by and among Company, Holdings, and the stockholders of NPC International, Inc. dated as of March 3, 2006 (the “Stock Purchase Agreement”), pursuant to his rollover contribution Employee received membership interests with value of $1,950,000 1,300,000 (the “Management Interests”). Such interests and the interests underlying the options are subject to the terms of the Amended and Restated Limited Liability Company Agreement of Company, as the same may be amended from time to time in accordance with its terms; provided, however, that no such amendment shall be made to the LLC Agreement that will have a disproportionate impact on the management interestholders.

Appears in 2 contracts

Samples: Employment Agreement (NPC International Inc), Employment Agreement (NPC International Inc)

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