Profits Interest Plan definition

Profits Interest Plan means the senior management bonus plan of Holdings established as of December 31, 2012, as the same may be amended from time to time with the reasonable consent of the Required Lenders (or without such consent to the extent such amendment is not adverse to the Lenders).
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Profits Interest Plan means the Xxxxxxxx Parent L.P. Executive Equity Incentive Plan, or any other similar management equity plan and related agreements that may be adopted by the General Partner from time to time.
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Profits Interest Plan shall have the meaning set forth in Section 3.3.
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Examples of Profits Interest Plan in a sentence

  • The profits interest will be memorialized pursuant to a grant agreement, the form of which has been provided to you (the “Grant Agreement”), and will be subject to the terms and conditions of CGH Management Holdings, LLC Limited Liability Company Agreement and the CGH Profits Interest Plan.

  • The directors of the Company approved the grant of 4,714 Units under the Profits Interest Plan to certain members of the Company’s management team as of October 5, 2017.

  • We will make a grant of profits interest to you under the Chobani Global Holdings, LLC Profits Interest Plan in the amount of 490,000 Class B Units.

  • In addition, you will be eligible for the Company’s Profits Interest Plan and will be awarded 2,110,114 profits units after successful completion of your 90-day Introduction Period.

  • The Class B Units will be granted pursuant to Parent’s 2017 Profits Interest Plan (the “Plan”).

  • This Agreement (including any exhibit hereto) constitutes the entire agreement of the parties and supersedes in their entirety all prior undertakings and agreements of the parties hereto with respect to the subject matter hereof, including the Profits Interest Plan, the Profits Interest Agreement and the LLC Agreement.

  • You will also be eligible to receive a grant of equity which will equal 3% (333,330) of the interests available under the Profits Interest Plan (the “Award”).

  • The purpose of this CIML, LLC 2012 Profits Interest Plan is to advance the interests of the members of the Company by enhancing the Company’s ability to attract, retain, and motivate persons who make or are expected to make important contributions to the Company and its Affiliates by providing such persons with P Units that are intended to constitute profits interests, thereby better aligning the interests of such persons with those of the Company’s members.

  • The Participant acknowledges and agrees that the Bioventus LLC Phantom Profits Interest Plan (the “Phantom Plan”) has been terminated (the “Plan Termination”), Participant will be paid out under the Phantom Plan in accordance with the terms of the Plan Termination and the Participant shall have no other rights whatsoever with respect to the Phantom Plan or any award agreement with respect thereto.

  • Such Class B Units shall be issued in accordance with the Operating Agreement and the Profits Interest Plan (the “Plan”), and will be evidenced by a Profits Interest Award Agreement (the “Award Agreement”) entered into between Executive and the Company.


More Definitions of Profits Interest Plan

Profits Interest Plan means the Hollandia Produce GA, LLC Profits Interest Plan.
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Profits Interest Plan means the Santa Mxxxx Energy Holdings, LLC 2013 Profits Interest Plan.
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Profits Interest Plan means the Hard Rock Hotel Holdings, LLC 2008 Profits Interest Award Plan, as amended, modified, supplemented or replaced from time to time.
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Profits Interest Plan means the Clean Streak Ventures Holdco, LLC 2021 Profits Interest Plan, adopted January 29, 2021.
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Profits Interest Plan means any profits interest award plan of the Company, as amended, modified, supplemented or replaced from time to time.
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Related to Profits Interest Plan

  • Profits Interest means an interest in the Company that is intended to be classified as a profits interest within the meaning of Internal Revenue Service Revenue Procedure 93-27 and 2001-43 (or the corresponding requirements of any subsequent guidance promulgated by the Internal Revenue Service or other Law) for U.S. federal income tax purposes, including the Class C Common Incentive Units.

  • Net Profits Interest means an interest in a Producing Property which entitles the holder thereof to a share of the gross revenues from oil and gas production from the Producing Property less all operating, production, development, transportation, transmission and marketing expenses, severance, sales, ad valorem and excise taxes (including the windfall profit tax) attributable to such production.

  • LTIP Unit means a Limited Partnership Interest which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.4 hereof and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth on Exhibit A, as may be amended from time to time.

  • Net Deferred Interest With respect to each Loan Group and any Distribution Date, the greater of (i) the excess, if any, of the Deferred Interest for the related Due Date over the aggregate amount of any principal prepayments in part or in full received during the related Prepayment Period and (ii) zero.

  • Class LT-R Interest The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Percentage Interest As to any Certificate, the percentage interest evidenced thereby in distributions required to be made on the related Class, such percentage interest being set forth on the face thereof or equal to the percentage obtained by dividing the Denomination of such Certificate by the aggregate of the Denominations of all Certificates of the same Class.

  • Percentage Interests shall have the meaning specified in the Trust Agreement.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Deferred Interest shall have the meaning set forth in Section 4.1.

  • Carried Interest means an equity interest in the Partnership issued to a Person without consideration, in the form of cash or tangible property, in an amount proportionately equivalent to that received from the Participants.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Class A Percentage Interest means, with respect to a Class A Member as of a given date, that percentage obtained by dividing the total number of Class A Units owned by such Member by the total number of Class A Units issued and outstanding.

  • Deferred member means a person who elected to receive deferred vested retirement

  • Class B Percentage Interest means, with respect to a Class B Member as of a given date, that percentage obtained by dividing the total number of Class B Units owned by such Member by the total number of Class B Units issued and outstanding.

  • Capital Account means, with respect to any Member, the Capital Account maintained for such Member in accordance with the following provisions:

  • Class R-1 Interest The uncertificated Residual Interest in REMIC 1.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Lower Tier Interest As described in the Preliminary Statement.

  • Lower Tier REMIC Regular Interests Each of the Lower Tier REMIC Interests other than the Class LTR Interest.