Section 83(b) Election Required. As a condition subsequent to the issuance of Class A Units upon exercise of the Option, within thirty (30) days following such exercise, the Participant shall make an election pursuant to Section 83(b) of the Code, substantially in the form attached hereto as Exhibit B, concerning such issued Class A Units and shall be required to file promptly a copy of such election with the Company.
Appears in 4 contracts
Samples: Class a Unit Option Agreement (Portillo's Inc.), Class a Unit Option Agreement (Portillo's Inc.), Class a Unit Option Agreement (Portillo's Inc.)
