Allocations When Interests Change. In the event that the number of Shares held by any Member shall change during the year, allocations made under this Article III to each such Member shall be prorated according to the number of Shares held by each Member for each portion of the year, on a daily, monthly or other basis, as determined by the Managing Member using any permissible method under Code Section 706 and the Regulations thereunder.
Appears in 3 contracts
Sources: Limited Liability Company Agreement (Interactive Brokers Group, Inc.), Limited Liability Company Agreement (IBG Holdings LLC), Limited Liability Company Agreement (Interactive Brokers Group, Inc.)