Noncompensatory Options. If, as a result of an exercise of a noncompensatory option to acquire an interest in the Company, a Capital Account reallocation is required under Treasury Regulations Section 1.704-1(b)(2)(iv)(s)(3), the Company shall make corrective allocations pursuant to Treasury Regulations Section 1.704-1(b)(4)(x).
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Samples: Limited Liability Company Agreement (Calyxt, Inc.), Limited Liability Company Agreement (Azz Inc), Agreement and Plan of Merger (Highland Transcend Partners I Corp.)
Noncompensatory Options. If, as a result of an exercise of a noncompensatory warrant or option to acquire an interest in the CompanyInterest, a Capital Account reallocation is required under Treasury Regulations Section 1.704-1(b)(2)(iv)(s)(3), the Company shall make corrective allocations pursuant to Treasury Regulations Section 1.704-1(b)(4)(x).
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Noncompensatory Options. If, as a result of an exercise of a noncompensatory option to acquire an interest in the Companyoption, a Capital Account capital account reallocation is required under Treasury Regulations Section 1.704-1(b)(2)(iv)(s)(3), the Company shall Representative may make corrective allocations pursuant to Treasury Regulations Section 1.704-1(b)(4)(x).
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