Common Contracts
2 similar Sale Participation Agreement contracts by Oncor Electric Delivery Co LLC
SALE PARTICIPATION AGREEMENT (Director Form) Oncor Electric Delivery Company LLCSale Participation Agreement • March 3rd, 2009 • Oncor Electric Delivery Co LLC • Electric services • Texas
SALE PARTICIPATION AGREEMENT (Management Form) Oncor Electric Delivery Company LLC November 5, 2008Sale Participation Agreement • March 3rd, 2009 • Oncor Electric Delivery Co LLC • Electric services • Texas
Concurrently with entering into this letter agreement (this “Agreement”), you are entering into a Management Stockholder’s Agreement (the “Stockholder’s Agreement”) with Oncor Management Investment LLC (the “Company”), a Delaware limited liability company, and Oncor Electric Delivery Company LLC (“Oncor”), a Delaware limited liability company, relating to (i) your acquisition and continued ownership of Class B membership interests of the Company (“Management Units”), (ii) any membership interests in Oncor (including any successor common equity of an IPO Vehicle, “Oncor Units”) you may subsequently receive or acquire in respect of Stock Appreciation Rights, as defined below, pursuant to a distribution made by the Company or otherwise, and/or (iii) the grant by Oncor to you of certain stock appreciation rights each representing the approximate economic equivalent of one Oncor Unit subject to a Base Price equal to the current fair market value of an Oncor Unit on the date of grant as dete
