No Beneficial Ownership. The Participant shall not have any beneficial ownership in the notional membership units underlying the Notional Units and the grant of Notional Units shall represent an unsecured promise to deliver membership units of TJ Chemical (either directly or through membership units of KRATON Management LLC (“Management LLC”)) on a future date.
Appears in 3 contracts
Samples: Notional Unit Award Grant Agreement (KRATON Polymers U.S. LLC), Notional Unit Award Grant Agreement (Kraton Polymers LLC), Notional Unit Award Grant Agreement (Elastomers Holdings LLC)
No Beneficial Ownership. The Participant shall not have any beneficial ownership in the notional membership units underlying the Notional Units and the grant of Notional Units shall represent an unsecured promise to deliver membership units of TJ Chemical (either directly or through membership units of KRATON Management LLC (“Management LLC”’)) on a future date.
Appears in 1 contract
Samples: Notional Unit Award Grant Agreement (Kraton Polymers LLC)
No Beneficial Ownership. The Participant shall not have any beneficial ownership in the notional membership units underlying the Notional Units and the grant of Notional Units shall represent an unsecured promise to deliver membership units of TJ Chemical (either directly or through membership units of KRATON Management LLC (“Management LLC”)’) on a future date.
Appears in 1 contract
Samples: Notional Unit Award Grant Agreement (Kraton Polymers LLC)
