Common use of Minimum Retained Ownership Requirement Clause in Contracts

Minimum Retained Ownership Requirement. The provisions of this Section 3.5 shall or shall not be applicable to the REUs granted to the Grantee hereunder as indicated on the REU Grant Certificate. (a) For so long as the Grantee retains his or her Employment, the Grantee (collectively with all Family Related Holders who become Other Holders, if applicable) must continuously hold an aggregate number of Common Unit Equivalents that is at least equal to fifteen percent (15%) of the cumulative amount of (x) all REUs granted to the Grantee under this Agreement and (y) all other REUs designated as “public company holdings units” that have been or are hereafter granted to the Grantee under the Plan, in each case that have become vested pursuant to Section 2.1(a) (or similar provision in any other “public company holdings units” grant agreement), prior to any net Settlement permitted by Section 4.5.

Minimum Retained Ownership Requirement. The provisions of this Section 3.5 shall or shall not be applicable to the REUs granted to the Grantee hereunder as indicated on the REU Grant Certificate. (a) For so long as the Grantee retains his or her Employment, the Grantee (collectively with all Family Related Holders who become Other Holders, if applicable) must continuously hold an aggregate number of Common Unit Equivalents that is at least equal to fifteen percent (15%) of the cumulative amount of (x) all REUs granted to the Grantee under this Agreement and (y) all other REUs designated as “public company holdings units” that have been or are hereafter granted to the Grantee under the Plan, in each case that have become vested pursuant to Section 2.1(a) the REU Grant Certificate (or similar provision in any other “public company holdings units” grant agreement), prior to any net Settlement permitted by Section 4.5.

Minimum Retained Ownership Requirement. The provisions of this Section 3.5 shall or shall not be applicable to the REUs RSUs granted to the Grantee hereunder as indicated on the REU RSU Grant Certificate. (a) For so long as the Grantee retains his or her Employment, the Grantee (collectively with all Family Related Holders who become Other Holders, if applicable) must continuously hold an aggregate number of Class A Common Unit Stock Equivalents that is at least equal to fifteen percent (15%) of the cumulative amount of (x) all REUs RSUs granted to the Grantee under this Agreement and (y) all other REUs RSUs designated as “public company holdings units” that have been or are hereafter granted to the Grantee under the Plan, in each case that have become vested pursuant to Section 2.1(a) (or similar provision in any other “public company holdings units” grant agreement), prior to any net Settlement permitted by Section 4.5.

Minimum Retained Ownership Requirement. The provisions of this Section 3.5 shall or shall not be applicable to the REUs granted to the Grantee hereunder as indicated on the REU Grant Certificate. (a) For so long as the Grantee retains his or her Employment, the Grantee (collectively with all Family Related Holders who become Other Holders, if applicable) must continuously hold an aggregate number of Common Unit Equivalents that is at least equal to fifteen percent (15%) of the cumulative amount of (x) all REUs granted to the Grantee under this Agreement and (y) all other REUs designated as “public company holdings units” that have been or are hereafter granted to the Grantee under the Plan, in each case that have become vested pursuant to Section 2.1(a) (or similar provision in any other “public company holdings units” grant agreement), prior to any net Settlement permitted by Section 4.5.

Minimum Retained Ownership Requirement. The provisions of this Section 3.5 shall or 3.4 shall not be applicable to the REUs Holdings II Units or SERs granted to the Grantee hereunder as if so indicated on the REU RHU Grant Certificate. (a) For so long as the Grantee retains his or her Employment, the Grantee (collectively with all Family Related Holders who become Other HoldersPermitted Transferees, if applicable) must continuously hold an aggregate number of Common Unit Stock Equivalents (defined below) that is at least equal to fifteen percent (15%) the Minimum Retained Ownership Percentage of the cumulative amount of (x) all REUs Holdings II Units granted to the Grantee under this Agreement and (y) all other REUs designated as “public company holdings units” Holdings II Units subject to a minimum retained ownership requirement that have been or are hereafter granted to the Grantee under the Operating Agreements and the Plan, in each case case, that have become vested pursuant to Section 2.1(a) 2 (or similar provision in any other “public company holdings units” applicable grant agreement), prior to any net Settlement Exchange permitted by Section 4.52.2 (or similar provision in any other applicable grant agreement).