Terms of Units of Membership Interest Clause Samples

Terms of Units of Membership Interest. 5.2.1 The original Membership Interests reflected in the Schedule of Members and Units are Membership Interests consisting of Class A Units and shall have the rights provided by this Agreement, subject to any statements or limitations in the Certificate or the LLC Act. The Company may also issue Option Agreements with respect to Class B Units, as described in Section 5.4.2