Examples of Windy Holdings in a sentence
The Employee shall be entitled to receive all cash distributions paid with respect to each Class A Unit credited to his or her Deferred Unit Account, provided that any such distribution credited to the Employee’s Deferred Unit Account by the Company on behalf of the Employee shall be paid (by the Company or by Windy Holdings) only at the time the underlying Deferred Unit is settled pursuant to Section 5 and only if such Deferred Unit is a Vested Deferred Unit on the Settlement Date (as defined below).
Notwithstanding anything to the contrary in this Agreement, the Company or any of its Subsidiaries may acquire such Remaining Equity with stock of Windy Holdings with a Fair Market Value equal to the repurchase price determined under Section 4(b) and then if Windy Holdings immediately redeems such stock for cash.
The Director shall be entitled to receive all cash distributions paid with respect to the Class A Units credited to his or her Deferred Unit Account, provided that any such distribution credited to the Director’s Deferred Unit Account by the Company on behalf of the Director shall be paid (by the Company or by Windy Holdings) only at the time the underlying Deferred Unit is settled pursuant to Section 5 .
The Executive shall be entitled to receive all cash distributions paid with respect to the Class A Units credited to his or her Deferred Unit Account, provided that any such distribution credited to the Executive’s Deferred Unit Account by the Company on behalf of the Executive shall be paid (by the Company or by Windy Holdings) only at the time the underlying Deferred Unit is settled pursuant to Section 5 and only if such Deferred Unit is a Vested Deferred Unit on the Settlement Date (as defined below).
Notwithstanding anything to the contrary in this Agreement, the Company or any of its Subsidiaries may acquire such Available Equity with stock of Windy Holdings with a Fair Market Value equal to the repurchase price determined under Section 4(b) and if Windy Holdings then immediately redeems such stock for cash.