Common Contracts
1 similar Profits Interest Agreement contracts
Revenue procedure 93-27Profits Interest Agreement • October 16th, 2020
EXHIBIT 10.1PROFITS INTEREST AGREEMENTOFAIP OPERATION LLCThis Profits Interest Agreement (This Agreement) is concluded in accordance with the limited liability agreement of AIP OPERATION LLC (Company) and between it (Member). The capitalized terms used in this Agreement, but not defined in this case, should have the same meanings as in the LLC Agreement (as outlined below). R E C I T A L S:A. Under Article 2.1 (c) of the LLC Agreement, the Manager is authorized to compel the Company to issue additional units that the units must have such designations, preferences and rights that can be established by the manager. The Company wishes to issue additional units in respect of the Company's Series I, designated as the Profit Interest Unit to the member in connection with the Member's performance of services in favor of or in the benefit of the Company. The parties intend that the interest units of profits issued under the Agreement represent the interests of profit, as described in section 4
