Common use of Incentive Unit Grant Clause in Contracts

Incentive Unit Grant. On the Effective Date, the Executive shall receive a grant (the “Equity Grant”) of 1020.28 Class B-1 Units, 1700.47 Class B-2 Units and 680.19 Class B-3 Units (as defined in the LLC Agreement) of Palace Holdings Group, LLC. The Equity Grant shall be subject to the terms and provisions of the LLC Agreement including, without limitation, the vesting, forfeiture, repurchase and giveback provisions of Sections 3.1(c), 10.3 and 11.3 of the LLC Agreement.

Incentive Unit Grant. On the Effective Date, the Executive shall receive a grant (the “Equity Grant”) of 1020.28 Class B-1 Units, 1700.47 Class B-2 Units and 680.19 Class B-3 Units (as defined in the LLC Agreement) of Palace Holdings Group, LLC. The Equity Grant shall be subject to the terms and provisions of the LLC Agreement including, without limitation, the vesting, forfeiture, repurchase and giveback provisions of Sections 3.1(c3.1(d), 10.3 and 11.3 of the LLC Agreement.

Incentive Unit Grant. On the Effective Date, the Executive shall receive a grant (the “Equity Grant”) of 1020.28 204.06 Class B-1 Units, 1700.47 340.09 Class B-2 Units and 680.19 136.04 Class B-3 Units (as defined in the LLC Agreement) of Palace Holdings Group, LLC. The Equity Grant shall be subject to the terms and provisions of the LLC Agreement including, without limitation, the vesting, forfeiture, repurchase and giveback provisions of Sections 3.1(c3.1(d), 10.3 and 11.3 of the LLC Agreement.

Incentive Unit Grant. On the Effective Date, the Executive shall receive a grant (the “Equity Grant”) of 1020.28 408.11 Class B-1 Units, 1700.47 680.19 Class B-2 Units and 680.19 272.07 Class B-3 Units (as such units are defined in the LLC Agreement) of Palace Holdings Group, LLCthe Parent. The Equity Grant shall be subject to the terms and provisions of the LLC Agreement including, without limitation, the vesting, forfeiture, repurchase and giveback provisions of Sections 3.1(c), 10.3 and 11.3 of the LLC Agreement.

Incentive Unit Grant. On the Effective Date, the Executive shall receive a grant (the “Equity Grant”) of 1020.28 408.11 Class B-1 Units, 1700.47 680.19 Class B-2 Units and 680.19 272.07 Class B-3 Units (as defined in the LLC Agreement) of Palace Holdings Group, LLC. The Equity Grant shall be subject to the terms and provisions of the LLC Agreement including, without limitation, the vesting, forfeiture, repurchase and giveback provisions of Sections 3.1(c), 10.3 and 11.3 of the LLC Agreement.