Rollover Units definition
Examples of Rollover Units in a sentence
Following receipt of such stock certificates, the Company will amend its Unit ledger to reflect the Executive’s ownership of the Rollover Units.
Each Stockholder hereby acknowledges and agrees that to the extent any Rollover Units are exchanged for shares of Class A Common Stock following the date hereof pursuant to the Company LLC Agreement, such shares of Class A Common Stock received pursuant to such exchange shall be treated as Covered Shares and Class A Rollover Shares.
The closing of the contribution of the Contributed Shares in exchange for the Rollover Units (the “Closing”) shall occur immediately prior to the consummation of the Acquisition.
The Company Board, on behalf of the Company in the Company’s capacity as Manager (as such term is defined in the Company LLC Agreement) of Company LLC, has consented to any Transfer (as such term is defined in the Company LLC Agreement) of the Rollover Units as contemplated by this Agreement or explicitly permitted under this Section 2.1(e).
Promptly following the Effective Time, Holdings shall make an equity award to Executive on the terms set forth in Exhibit A and such other standard terms as the parties shall negotiate in good faith (it being understood that a failure by Holdings to make such equity award shall give the Executive the right to require Holdings to cancel the Rollover Units and return the pre-tax cash value of the Class A Units, which cancellation shall not constitute a breach hereof).