Common use of Repurchase or Forfeiture of Units Clause in Contracts

Repurchase or Forfeiture of Units. (a) In the event that the Grantee ceases to be a member of the Board of Managers, then all Grantee Units (whether held by the Grantee or by one or more of the Grantee’s transferees) which as of the date of termination:

Appears in 6 contracts

Samples: Restricted Unit Agreement (Refco Inc.), Restricted Unit Agreement (Westminster-Refco Management LLC), Restricted Unit Agreement (Westminster-Refco Management LLC)

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