Vesting Letters definition
Vesting Letters means the letter agreements entered into on July 19, 2005, May 2, 2006, December 22, 2006, and January 17, 2007 between the Holding Company, Sistecar Management and the Sistecar Managers in order to set forth the terms and conditions governing the Warrants exchangeable for Holding Company Warrants (bons d’echange de bons de souscription d’actions or BEBSA) issued by Sistecar Management to the Managers.
Examples of Vesting Letters in a sentence
Common Units and Unvested Profits Units shall be subject to the terms of this Agreement and the applicable Vesting Letters, and the Managing Member shall have sole and absolute discretion to interpret and administer the Vesting Letters and to adopt such amendments thereto or otherwise determine the terms and conditions of such Unvested Common Units and Unvested Profits Units in accordance with this Agreement and the applicable Vesting Letters.