Majority Class A Interest definition
Majority Class A Interest means the ownership of Class A Units representing more than 50% of outstanding Class A Units.
Majority Class A Interest means the ownership of Class A Units representing more than 50% of outstanding Class A Units. “Management Incentive Plan” means any management incentive plan adopted by the Board of Directors following the date hereof
Examples of Majority Class A Interest in a sentence
Following the designation of the initial Chairperson, until the date that is two (2) years after the Effective Date, the Chairperson shall be designated by the Members holding a Majority Class A Interest.