Purchase of the Units. Subject to the terms and conditions contained herein, the Company hereby sells, assigns, transfers, delivers and conveys the number of Incentive Units of the Company set forth on the signature page hereto (the “Purchased Units”) to the Buyer for a purchase price of $[__] for each Unit purchased (the “Per Unit Purchase Price”) for the aggregate purchase price set forth on the signature page hereto (the “Purchase Price”). The Purchase Price shall be paid by the Buyer to such account or accounts as the Company may specify to the Buyer. The Purchased Units issued hereunder are intended to be “Incentive Units” within the meaning of Section 3.3 of the LLC Agreement and are subject to all applicable limitations under the LLC Agreement, including, without limitation, no voting rights, no rights to current distributions (other than tax distributions) on unvested Incentive Units, and limitations on distributions on vested Incentive Units.
Appears in 1 contract
Sources: Incentive Unit Subscription Agreement (Cricut, Inc.)
Purchase of the Units. Subject to the terms and conditions contained herein, the Company hereby sells, assigns, transfers, delivers and conveys the number of Zero Strike Incentive Units of the Company set forth on the signature page hereto (the “Purchased Units”) to the Buyer for a purchase price of $[__] for each Zero Strike Incentive Unit purchased (the “Per Unit Purchase Price”) ), for the aggregate purchase price set forth on the signature page hereto (the “Purchase Price”). The Purchase Price shall be paid by the Buyer to such account or accounts as the Company may specify to the Buyer. The Purchased Units issued hereunder are intended to be “Zero Strike Incentive Units” within the meaning of Section 3.3 of the LLC Agreement and are subject to all applicable limitations under the LLC Agreement, including, without limitation, no voting rights, no rights to current distributions (other than tax distributions) on unvested Zero Strike Incentive Units, and limitations on distributions on vested Zero Strike Incentive Units.
Appears in 1 contract
Sources: Zero Strike Incentive Unit Subscription Agreement (Cricut, Inc.)