Examples of Sculptor Operating Group in a sentence
Payable for taxes and tax receivable agreement presents the total estimated GAAP provision for current corporate, local and foreign taxes payable, as well as the current payable under the Company’s tax receivable agreement, assuming that all Economic Income was allocated to Sculptor Capital Management, Inc., which would occur following the exchange of all interests held by current and former executive managing directors in the Sculptor Operating Group (collectively, "Partner Units") for Class A Shares.
Notwithstanding any other provision of the Plan or any Award Document to the contrary, to the extent permitted by Section 409A of the Code, the Company or the Sculptor Operating Group, as the case may be, shall have the right to offset against any amount owed to a Participant any amounts that are owed by such Participant to the Company or the Sculptor Operating Group (including amounts owed under the Plan) at the time of any payment hereunder.
The Administrator has the authority to determine the number of shares, interests, units or rights underlying LTIP Unit Awards in light of all applicable circumstances, including but not limited to performance-based vesting conditions, operating partnership “capital account allocations,” value accretion factors, and conversion or exchange ratios, to the extent set forth in the limited partnership agreements of the members of the Sculptor Operating Group, the Code or otherwise.
If the Corporation issues any equity securities that are subject to vesting or forfeiture provisions, then the equivalent equity securities that are issued by the Sculptor Operating Group Entities to Sculptor Corp.
Nothing in this Section shall preclude the issuance of units by any Sculptor Operating Group Entity or its Subsidiary to another Sculptor Operating Group Entity or its Subsidiary in exchange for cash or other assets.
The Corporation and its Subsidiaries (other than the Sculptor Operating Group and its Subsidiaries) shall not incur or guarantee any indebtedness other than (i) indebtedness incurred in connection with an exchange under the Exchange Agreement, and (ii) indebtedness to the Corporation or any of its Subsidiaries.
The Corporation shall not permit the Sculptor Operating Group Entities to repurchase or redeem any equity securities from the Corporation or any of its Subsidiaries (excluding the Sculptor Operating Group Entities and their Subsidiaries) except pursuant to Section 11(e)(vii).
The Corporation and its Subsidiaries (other than the Sculptor Operating Group and its Subsidiaries), including Sculptor Corp., shall not own any interest in any Person other than (i) the Sculptor Operating Group Entities or (ii) a wholly owned Subsidiary that, directly or indirectly through other wholly owned Subsidiaries, owns an interest in the Sculptor Operating Group Entities.
The Corporation shall not cause the Sculptor Operating Group Entities to establish record dates for the payment of distributions unless they coincide with the Record Dates for distributions paid by the Corporation.
If the Corporation issues any equity securities that, in accordance with their terms, are subject to redemption, then upon the redemption of such Corporation equity securities, the Corporation shall cause each of the Sculptor Operating Group Entities to redeem an equal number of the equivalent equity securities that were issued to Sculptor Corp.