Class B Interests. As soon as reasonably practicable following the execution of this Agreement, (i) NextMedia Investors LLC, a Delaware limited liability company ("Investors LLC"), shall issue to Executive an ------------- aggregate of 1.4936 Class B membership interests in Investors LLC and (ii) Executive shall become a party to the Second Amended and Restated Limited Liability Company Agreement of Investors LLC dated as of June , 2001, and -- (B) acknowledge that Executive is not entitled to receive any additional Class B membership interests that may be reallocated among the existing Class B members or issued by Investors LLC. Executive acknowledges and agrees that Executive shall not be entitled to receive any additional Class B membership interests that may be issued by Investors to the Class B Members existing as of the date hereof.
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Class B Interests. As soon as reasonably practicable following the execution of this Agreement, (i) NextMedia Investors LLC, a Delaware limited liability company ("Investors LLC"), shall issue to Executive an ------------- aggregate of 1.4936 1.3691 Class B membership interests in Investors LLC and (ii) Executive shall become a party to the Second Amended and Restated Limited Liability Company Agreement of Investors LLC dated as of June , 2001, and -- (B) acknowledge that Executive is not entitled to receive any additional Class B membership interests that may be reallocated among the existing Class B members or issued by Investors LLC. Executive acknowledges and agrees that Executive shall not be entitled to receive any additional Class B membership interests that may be issued by Investors to the Class B Members existing as of the date hereof.
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