REEIP definition
REEIP means Redbox Employee Equity Incentive Plan, LLC, a limited liability company formed under the laws of the state of Delaware, whose managers are those Members who have a Class A Ownership Percentage equal to twenty-five percent (25%) or more, provided that if any Member has a Class A Ownership Percentage equal to more than fifty percent (50%), that Member shall be the sole manager of REEIP. The initial managers of REEIP are Ventures and Coinstar.
Examples of REEIP in a sentence
Immediately prior to the completion of the proposed Organic Change and pursuant to the REEIP LLC Agreement, REEIP shall exchange each Eligible REEIP Class B Vested Interest of a Tagging Holder for an Eligible Class B Vested Interest.
As soon as practicable after December 1, 2005, the Company will issue 1,000,000 Class B Interests to REEIP.